Proof of Usefulness Report

Bybit

Analysis completed on 1/16/2026

+655
Proof of Usefulness Score
Category Standard

The project 'Bybit' is a globally recognized, top-tier cryptocurrency exchange with immense real-world utility and audience reach (millions of users), verified via the provided official domain and public market data. However, the submission quality is exceptionally poor, featuring empty fields for revenue/users and hyperbolic, unsupported claims ('most people have used my product'). While the project's actual scale warrants a top-tier score (700+), the lack of effort in the response and data provision incurs significant penalties in the Quality Factors and Randomization, resulting in a final score that acknowledges the entity's massive traction while penalizing the submission's opacity.

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Score Breakdown

Real World Utility+230
Audience Reach Impact+171
Technical Innovation+127
Evidence Of Traction+142
Market Timing Relevance+90
Functional Completeness+10
Subtotal+771
Usefulness Multiplierx0.85
Final Score+655

Project Details

Project URL
bybit.com
Description
Since its inception in March 2018, Bybit has emerged as a leading cryptocurrency exchange, offering a comprehensive suite of tailored crypto services and product solutions meticulously crafted for retail and institutional traders alike. Trusted by millions worldwide, Bybit continues to push the boundaries of innovation, consistently refining and expanding its multi-spectral product offerings. At the heart of Bybit's mission lies the unwavering commitment to providing a secure, reliable, and transparent trading platform that empowers investors to seamlessly navigate the dynamic world of crypto. Whether you seek to explore Spot or Derivatives trading, harness the potential of Mining and Staking products, or leverage API support for algorithmic trading, Bybit empowers you to take control of your crypto journey.
Audience Reach
everyone
Target Users
everyone
Technologies
Consumer Goods, Blockchain, Defi
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline