Bybit doubles post-hack market share thanks to retail liquidity

After the greatest piracy of cryptography in history, the Parbit is slowly recovering – thanks largely to retail investment.

Crypto Exchange Bybit recoveries the greatest hack in the history of cryptography, which led to a loss of $ 1.6 billion. In a research report By Block Scholes, commanded by Bybit, the analysis company described the nature of the accident and the subsequent recovery of the platform.

After hacking, Bybit’s market share fell from 10% In January 2025 only 4%. However, according to the report, this figure rebounded at 7% in a few weeks. At the same time, trading volumes and the depth of control notebooks, the amount of controls at different price levels, quickly stabilized.

“While hacking has sparked a clear but brief disruption of volumes and depth of command notebooks – especially in the BTC and ETH markets – Bid -Ask propagations on major tokens have remained largely intact,” noted the report.

The propagation of Bid-yk, or the difference between the prices of the seller and the buyer, remained tight on the relay despite the drop in volumes. This suggests that market manufacturers have remained active, contributing to an effective market even following the incident.

The emphasis on Bybit helps the recovery

The report also attributes part of the resumption of Bybit to the launch of retail price improvement orders (called RPI). These orders are only available for retail merchants using the application and are not accessible to institutions or trading bots. This approach aims to level the rules of the game for individual investors.

The functionality turned out to be popular. The 3 -story liquidity of Bybit, a measurement of liquidity near the market, was significantly higher for RPI orders than for regular orders. This helped the exchange to maintain tight differences for retail and manual traders.

According to the report, RPI orders played a key role in stabilizing liquidity, marking the first step in Bybit’s efforts to recover its share of the Crypto trading market.