PANews reported on December 8 that, according to Coingecko data, Bybit's market share of MON spot trading volume has exceeded 15%, making it the world's largest MON trading center.

With the surge in MON trading activity, Bybit's ongoing "MON Alpha Token Splash" campaign continues to boost user engagement and directly drives the rapid expansion of trading and staking volumes in the MON-USDC liquidity pool on Alpha, currently boasting an annualized yield of 946%. MON on Bybit Alpha offers a dual-channel system for trading and staking, allowing users to participate in trading activities while simultaneously earning staking rewards, effectively reducing overall transaction costs.

Bybit Alpha Farm provides users with on-chain access, allowing them to earn higher returns from on-chain liquidity pools simply by accessing Bybit Alpha through their Bybit accounts. Meanwhile, other multi-phase investment pools within Bybit Alpha Farm currently offer annualized returns exceeding 100%.