Cryptocurrency alternate Bybit has introduced the upcoming launch of Byreal, its first on-chain decentralized alternate (DEX) constructed on the Solana blockchain. CEO Ben Zhou revealed that the platform will go stay by the top of June, marking a major milestone within the alternate’s push towards what he calls “actual hybrid finance.”
Asserting Byreal — our first onchain DEX incubated by Bybit, can be LIVE by finish of the month. Ranging from scratch and now born on Solana. what’s particular: 1/ CEX + DEX synergy Byreal isn’t “simply one other DEX.” It’s combining CEX-grade liquidity with DeFi-native transparency.… https://t.co/JU60e4zHQ4
— Ben Zhou (@benbybit) June 15, 2025
The brand new platform represents Bybit’s formidable try to bridge the hole between centralized and decentralized finance, combining the liquidity benefits of conventional exchanges with the transparency and person management inherent in DeFi protocols.
Byreal distinguishes itself by means of a complicated hybrid routing system that makes use of each Request-for-Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) mechanisms. This twin method is designed to ship low-slippage buying and selling whereas offering strong safety in opposition to Maximal Extractable Worth (MEV) assaults, a persistent problem within the DeFi area.
The platform’s unified liquidity mannequin goals to preserve the excessive transaction speeds that customers count on from centralized exchanges whereas preserving the decentralized nature that has made DeFi protocols more and more standard amongst crypto fanatics.
Superior Options and Ecosystem Integration
Past its core buying and selling performance, Byreal will incorporate a number of revolutionary options designed to improve the person expertise. The platform will embrace a good launchpad mannequin powered by Good Worth Ladder know-how and a Fairshare Engine, aimed toward offering extra equitable token distribution mechanisms.
Moreover, Byreal will supply curated yield vaults, together with integration with bbSOL, Bybit’s Solana-based Liquid Staking Token. The bbSOL token, launched in September 2024 by means of partnerships with outstanding Solana ecosystem gamers together with Sanctum, Kamino Finance, Orca, and Solayer, serves as a bridge between Bybit’s centralized platform and the broader Web3 ecosystem.
Strategic Timeline and Future Plans
In accordance to the announcement, Bybit plans to launch Byreal’s testnet on June 30, with the mainnet deployment scheduled for Q3 2025. The platform can be accessible by means of byreal.io, offering customers with a devoted portal for hybrid buying and selling actions.
The alternate has indicated that Byreal is just the start, with extra CEX and DEX joint launch initiatives deliberate for the long run as a part of its hybrid finance technique.
The Byreal launch comes as Bybit undergoes a major strategic reorganization. In Might 2024, the alternate discontinued a number of Web3 providers, together with its Cloud Pockets, Keyless Pockets, NFT market, DEX Professional, and Swap & Bridge functionalities. The corporate additionally ended its Web3 Factors loyalty program and numerous different providers comparable to fiat-to-crypto on-ramp and preliminary DEX providing capabilities.
These closures are a part of Bybit’s effort to streamline operations and focus on core product high quality, significantly following a serious safety incident that resulted in roughly $1.4 billion in losses.
