TechFlow reports on January 19 that Ben Zhou, CEO of Bybit, said yesterday saw a significant flow of SOL and USDC from centralized exchanges (CEX) toward the on-chain $TRUMP token. Moonshot, together with Meteora/Jupiter, created a meme coin exceeding a $30 billion market cap within less than 10 hours—without any involvement from centralized exchanges.
Zhou noted that Web3 and decentralized exchanges (DEX) have become viable alternatives. He revealed that Bybit will focus on building its on-chain business in 2025, heavily investing in the user experience of the Bybit Web3 Wallet (self-custody) and in developing on-chain infrastructure, aiming to become a gateway for users entering Web3.
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