Bybit WSOT 2024 Concludes, Sets New Industry Benchmarks
-
Written by
Simonas Brazionis - Updated 2026-11-03 18:44:05
The Bybit WSOT 2024, a global cryptocurrency trading competition, has concluded, establishing new benchmarks for the industry. This year's event incorporated a record prize pool and introduced decentralized exchange (DEX) trading capabilities, marking a significant evolution in competitive crypto trading.
The competition saw participation from over 77,000 traders across more than 160 countries, generating a trading volume that exceeded $100 billion. Total trader profits surpassed $137 million, showcasing the substantial financial activity within the event.
Table of content
Key Achievements and Records
Arena Tradingu formed the largest squad with 3,310 members, and the top individual trader recorded an impressive $16.5 million in profits. This squad also executed 13.8 million trades, demonstrating high activity levels.
Squad 852hoodoo achieved the highest trading volume at $6.9 billion, highlighting their significant market presence. Kennel Capital maintained a notable 22-day continuous trading record, indicating consistent engagement throughout the competition.
Inclusivity and Web3 Integration
The Bybit WSOT 2024 emphasized inclusivity through a tiered weighting system designed for equitable competition among participants. It also featured return-on-investment (ROI) reset features, providing fair opportunities.
A new Web3 initiative, branded as the WSOT DEX Wave, integrated DEX trading into the competition. This provided access to over 100 Web3 projects and offered a 1,000,000 MNT prize pool specifically for emerging stars, expanding the event's scope.
Enhanced Opportunities and Community Impact
Participants were offered enhanced winning opportunities through Unified Trading Accounts (UTA), which allowed for one main account and up to four subaccounts. This structure aimed to streamline trading and strategy management.
The event also included charitable donations, such as 75 ETH, combining community engagement with competitive trading. The Bybit WSOT 2024 successfully connected traditional finance (TradFi) and decentralized finance (DeFi), exceeding previous event metrics and fostering broader participation.
