Bybit Delists SOLVUSDT Perpetual Contract: What Traders Need to Know

Bybit has officially announced the delisting of the SOLVUSDT perpetual contract, effective June 24, 2026. This move follows a turbulent period for Solv Protocol (SOLV), which has faced scrutiny from multiple exchanges. Here’s a breakdown of the event, the token’s current standing, and what traders should consider.

What Happened?

Bybit’s decision to delist the SOLVUSDT perpetual contract marks a significant shift for SOLV traders who relied on the exchange for leveraged exposure. The delisting comes after SOLV was placed on delisting watchlists by South Korean exchanges Bithumb and Coinone in March 2025, citing security vulnerabilities. However, Bithumb later removed SOLV from its watchlist after a positive evaluation under DAXA standards, indicating some recovery in sentiment.

Despite this, Bybit’s action suggests ongoing concerns about liquidity or compliance. The SOLVUSDT perpetual contract was initially listed on Bybit in October 2025 at a price of $0.01908, but the token has since declined significantly, currently trading around $0.0030. Recent price alerts from Gate Futures show sharp volatility, with multiple spikes and drops exceeding 5% within hours.

Token Snapshot

Solv Protocol (SOLV) is a multi-chain platform aiming to unify DeFi, RWA-Fi, TradFi, and CeFi into a single infrastructure for Bitcoin yield strategies and tokenized assets. Launched in 2023, it operates on Ethereum and BNB Chain, with a total supply of 9.66 billion tokens and a circulating supply of approximately 1.48 billion. Key ecosystem tags include Ethereum, BNB Chain, Bitcoin Ecosystem, and Binance Megadrop.

• Current Price: ~$0.0030 USD (down ~1.17% in 24h)
• 24h Volume: ~$4.54 million
• Active Markets: 143
• Exchanges: Tradable on Bybit (spot) and other centralized exchanges

Risk Notes

• Delisting Impact: The perpetual contract delisting removes a key trading vehicle for leveraged positions, potentially reducing liquidity and increasing spot market volatility.
• Exchange Scrutiny: Previous watchlist placements by Bithumb and Coinone highlight security and transparency concerns, though Bithumb’s reversal offers a mixed signal.
• Price Volatility: Recent price action shows rapid swings—over 9% spikes within 30 minutes on Gate Futures—indicating low liquidity or manipulation risks.
• Fundamentals: SOLV’s ambitious multi-chain vision faces stiff competition in the BTCfi and RWA sectors. Its reliance on exchange listings for exposure makes delistings particularly impactful.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries high risk. Always do your own research.

Where to Trade

While the perpetual contract is being delisted, SOLV remains available on spot markets. For automated trading strategies, consider using our bot: Trade with our bot.