Lagrange ($LA) emerged as a top-performing digital asset, surging 8.7% following its official listing on Bybit.
The rally was fueled by strong momentum around its debut and a major promotional incentive — a 2.5 million $LA prize pool aimed at rewarding both traders and depositors.
Lagrange is building a next-generation blockchain infrastructure known as the “infinite proving layer.” The project integrates a decentralized zero-knowledge (ZK) prover network with a hyper-parallel ZK coprocessor to streamline and scale cryptographic proofs.
— Bybit (@Bybit_Official) June 9, 2025
The token’s strong launch comes as Bybit continues to expand its ecosystem and investor offerings. Just days earlier, the exchange’s Private Wealth Management (PWM) division reported a standout month in May, with assets under management (AUM) climbing past $150 million. According to Bybit’s latest newsletter, the division’s top-performing fund delivered an annualized return of 12.66% for the month.
This performance was driven by a 77% increase in client subscriptions, signaling rising demand from high-net-worth individuals and institutional investors seeking tailored digital asset strategies. Launched in December 2024, the PWM platform provides curated private funds and wealth solutions tailored for long-term value creation in the cryptocurrency space.
Leading the portfolio was Bybit’s USDT-focused fund, which captured 69% of the PWM’s total AUM and achieved an average 30-day return of 8.41%. It outperformed both Bitcoin-linked and options-based strategies, highlighting strong investor appetite for stablecoin yield products amid ongoing market volatility.
“The sharp rise in subscriptions signals growing interest in our bespoke approach,”
said Jerry Li, Head of Financial Products & Wealth Management at Bybit.
“Our team’s ability to execute on strategies like USDT funding rate arbitrage has been a key driver of consistent performance.”
Complementing its investor-focused efforts, Bybit has also launched Ecopedia, a collaborative blockchain knowledge hub developed in partnership with prominent companies, including Circle, Tether, Solana, and Sui. This open-access platform aims to simplify crypto education by providing comprehensive, easy-to-navigate resources for users at all levels, reinforcing Bybit’s commitment to onboarding the next wave of Web3 users.
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