Bybit Leads the Charge in Onchain Capital Markets at Solana APEX

At the recent solana APEX event, Bybit CEO Ben Zhou joined Solana Foundation President Lily Liu and Byreal Founder Emily Bao in a groundbreaking discussion on the future of asset tokenization. The panel highlighted a unified vision where traditional and decentralized finance converge through blockchain technology, with Solana positioned as a key player in this transformation. Liu's assertion that "onchain capital markets for traditional assets are closer than we think" underscores the rapid advancements in this space. This collaboration signals a significant step forward in bridging the gap between traditional finance and the decentralized ecosystem, with Bybit at the forefront of this innovation.

Byreal Unveils Vision for Onchain Capital Markets at Solana APEX

Solana Foundation President Lily Liu joined Bybit CEO Ben Zhou and Byreal Founder Emily Bao in a landmark fireside chat at Solana APEX, signaling a seismic shift in asset tokenization. The trio presented a unified vision where traditional and decentralized finance merge through blockchain infrastructure.

"Onchain capital markets for traditional assets are closer than we think," Liu declared, positioning Solana as the future hub for everything from memecoins to tokenized equities. The xStocks project looms as a potential game-changer, offering global investors non-U.S. public market exposure via native onchain instruments.

Zhou's revelation of Bybit's MiCAR license underscores the exchange's strategic pivot toward regulatory-compliant Web3 integration. "It's no longer CEX versus DEX—now it's CEX plus DEX," he asserted, framing 2025 as the inflection point for institutional-grade blockchain adoption.

XRP Holder Growth Overtakes Solana Amid ETF Speculation

XRP's investor base nearly doubled from October 2024 to May 2025, climbing from 1.29% to 2.42% of tracked portfolios, while Solana (SOL) allocations dropped 35% to 1.76%. Bybit's data reveals a broad sentiment shift favoring Ripple's token as its SEC lawsuit nears resolution and spot ETF prospects intensify.

The rally propelled XRP to become the third-largest cryptocurrency by market cap, surpassing Solana in November 2024. January saw peak allocations at 5%, coinciding with XRP hitting $3.31—its highest level since the January 2018 all-time high.

Institutional and retail flows aligned in the rotation, with Polymarket odds reflecting 90% confidence in a 2025 XRP ETF approval. The rebalancing study analyzed active traders executing at least five transactions during the period.