Cryptocurrency News

Bybit Launches Decentralized Exchange Equipped With i-SMART Technology

By May 16, 2024 No Comments

Bybit Web3, the Web3 arm of the Bybit exchange, has launched Bybit Web3 DEX Pro, a new decentralized exchange offering that combines the benefits of decentralized trading with professional-grade on-chain analytics tools.

Powered by i-SMART intelligence technology

According to Bybit, the new DEX offering surpasses other decentralized cryptocurrency trading platforms in terms of features and user experience. “Combining the benefits of DeFi with the power of i-SMART intelligence, Bybit delivers an unparalleled trading experience for the Web3 community,” noted Emily Bao, a Bybit Web3 lead.

The core functionality of Bybit Web3 DEX Pro is powered by i-SMART technology. I-SMART is an acronym standing for several features that are enabled by this new technology. Here’s a quick overview:

  • I – Influential Trader Tracking: Allows users to identify and copy strategies of successful traders.
  • S – Social Check: Enables traders to analyze social sentiment.
  • M – Market Sentiment Overview: Broader analysis of market trends.
  • A – Analysis of Token Holders: Token distribution analysis for each cryptocurrency.
  • R – Real-Time Trending Indicator: A trend identification system that identifies gainers and losers.
  • T – Thorough Safety Assessment: In-depth security profiles of each token.

Seamless wallet integration and multi-chain support

Bybit Web3 DEX Pro provides traders with access to professional-grade on-chain and social intelligence, offering valuable insights from macro trends to micro movements to refine trading strategies. The platform’s advanced algorithms facilitate the rapid identification and exploitation of emerging opportunities with high accuracy.

The platform supports seamless trading experiences through easy wallet integration, accommodating a variety of wallets such as Cloud Wallet, Seed Phrase Wallet, Keyless Wallet, and popular third-party wallets. Users can trade over one million tokens across multiple blockchains on the platform.

Bybit Web3 DEX Pro supports Solana, Ethereum, Base, BNB Chain, Polygon, Arbitrum One, Optimism, zkSync Era, and Avalanche C-Chain.