Bybit WSOT 2025 Launches Onchain Wave on Solana with $1M+ Prize Pool
Bybit WSOT 2025 is set to debut its Onchain Wave special event on the Solana blockchain, featuring a prize pool exceeding $1 million and running until September 15. This year’s Bybit WSOT 2025 competition is co-hosted by Bybit Web3 and Byreal, allowing participants from both centralized and decentralized exchanges to compete on a unified leaderboard. Weekly rewards allocate up to 250 BBSOL tokens among the top 200 traders, while the overall leaderboard distributes 1,650 BBSOL tokens among the top 1,000. A 900 BBSOL Warrior Award pool rewards traders with over $10,000 in trading volume who fall outside the top ranks. Additionally, Byreal liquidity providers will share a daily 650,000 USDC pool. Partners supporting the event include xStocks, Sanctum, DeFiTuna, Sonic SVM, CUDIS and Fragmetric. Bybit WSOT 2025’s Onchain Wave aims to boost Solana’s on-chain trading volume and enhance cross-venue participation, offering new opportunities for crypto traders to earn BBSOL and USDC rewards.
Bullish
The launch of Bybit WSOT 2025’s Onchain Wave on Solana with a $1M+ prize pool is bullish for the market. Large incentive schemes historically drive higher trading volumes and platform engagement, as seen with previous Bybit and Binance launch events. Weekly and overall BBSOL rewards encourage sustained participation, while the USDC pool for liquidity providers boosts DeFi activity. In the short term, traders will likely increase Solana-based trades to compete for rewards, lifting SOL and BBSOL liquidity and price performance. Long term, the event could strengthen Solana’s on-chain ecosystem, attract new users to Bybit Web3, and solidify BBSOL’s utility, supporting broader market growth.