Dubai, UAE, November 27th, 2025, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the conclusion of the Web3 Unleashed #3 Hackathon, hosted in partnership with DMCC. The event recognized five projects with a combined prize pool of USD 140,000 following a global competition that brought together 90 teams across six innovation tracks.
Hosted at S/O Uptown Dubai, the hackathon gathered international developers, founders and investors under the theme “Shaping the next wave of Web3: driving the future of decentralisation.” This year’s edition expanded its scope with two new categories, DeFAI and DeSci, introduced alongside existing tracks in DeFi, Web3 Gaming, SocialFi, Infrastructure and Tokenisation. The broader structure reflected the increasing diversity and technical maturity of solutions emerging across the decentralised technology landscape.
Ten finalist teams presented their concepts to a panel of industry specialists and venture leaders. Five teams were selected for top recognition based on innovation, technical execution and potential impact. The winners were:
- Yumi Finance
- Glint Analytics
- Sorachain AI
- Aurayale
- Spout Finance
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said: “The continued success of Web3 Unleashed reflects how Dubai has evolved into a truly global hub for next-generation technologies. In just three years, this platform has grown from a regional initiative into an international benchmark for Web3 innovation – drawing participants, investors and partners from every corner of the world. Each edition builds on the last, and the introduction of DeFAI and DeSci this year demonstrates our commitment to staying ahead of technological change. Through initiatives like this, DMCC is helping define what the future of decentralised innovation looks like, ensuring that Dubai remains at the forefront of the digital economy and continues to empower those shaping it.”
“Our collaboration with DMCC continues to demonstrate how rapidly the Web3 ecosystem in the UAE is advancing. Each year, we see a notable rise in the technical depth and global calibre of the teams joining Web3 Unleashed,” said Helen Liu, Co-CEO of Bybit. “Bitcoin’s pullback from its historical high serves as an important reminder that this industry is built for the long term. Real progress in blockchain requires patience from founders and builders, especially during moments when the market tests conviction. Bybit remains committed to supporting innovators who focus on real utility and sustainable impact, and we are proud to help cultivate an environment where world-class talent can continue to grow in Dubai.”
The hackathon was supported by partners including DWF Labs, TOP Ventures, CROSS, Verse8, The Open Platform, CV Labs, Hacken, Cointelegraph, Blockchain for Good Alliance (BGA) and Blockchain Gaming Alliance. Partners contributed mentorship, resources and visibility throughout the competition.
Judging criteria covered creativity, technical execution, practicality, business potential, impact, presentation quality and team experience, with a strong focus on solutions addressing real-world challenges. Organizers noted that the Web3 Unleashed series continues to showcase emerging innovation in the blockchain sector and reinforces Dubai’s growing position as a center for Web3 development.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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About DMCC
DMCC is a centre for global trade. Headquartered in Dubai, DMCC is the world’s leading international business district in charge of driving the flow of global trade through Dubai. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers (JLT) and Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Where the world thrives and does business, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future: www.dmcc.ae
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