BITE Protocol is expected to significantly benefit sectors reliant on fair transaction ordering, including decentralized exchanges, NFT marketplaces, lending protocols, on-chain games, prediction markets, and RWA tokenization platforms.

Quotes that support claims

The new protocol benefits decentralized exchanges, non-fungible token (NFT) marketplaces, lending protocols, on-chain games, prediction markets, and real-world asset (RWA) tokenization platforms.

Here, ‘transaction fairness and privacy are essential for bringing traditional assets onto blockchain networks,’ the team says.