Cryptocurrency exchange Bybit introduced a financial and operational data disclosure mechanism for projects listed on its spot trading platform on Monday.
The new mechanism requires projects to disclose financial performance, treasury management, tokenomics, and key operational metrics.
According to SoSoValue’s financial report, the protocol’s revenue increased from $37,440 before its listing on Bybit to $273,307 after listing—a 629.18% increase At the same time, marketing and community expenses dropped by 73.02% to $60,220, indicating improved cost efficiency.
The first project to participate in Bybit’s financial disclosure trial is SoSoValue (SOSO).
Additionally, the project’s total value locked (TVL) rose sharply from $16.22 million to $180.8 million, representing a 1076.32% increase. Bybit’s introduction of financial disclosure requirements enhances transparency in the crypto trading environment, giving traders and investors real-time insights into the financial health and sustainability of listed projects.
The number of daily active users on the project’s website increased by 35.27%, reaching 1.28 million.
Also on February 17, Bybit announced the launch of the Retail Price Improvement (RPI) Order, an order type intended to increase liquidity and improve pricing for retail traders.
In addition to the disclosure mechanism, Bybit is expanding its trading ecosystem.
Initially, access will be limited to select market makers across multiple spot trading pairs. Orders will be displayed on the trading interface but excluded from API order books.
To accommodate these changes, Bybit is updating its OpenAPI system by introducing a new “timeInForce” enum value for RPI support in order-related functions, such as order placement and trade history retrieval.
The RPI Order, set to launch on February 20, 2025, will match only non-algorithmic users. It will operate as a post-only order to add liquidity and execute with lower priority than standard orders at the same price level.