Key notes
- Bybit announced its decentralized exchange on the Solana network.
- The exchange promises to provide the liquidity of the CEX and the transparency of challenge.
- The volume of trading at the point of appeal was divided by two in 24 hours. .
Bybit, a first centralized exchange of cryptocurrency, announced its first decentralized exchange, Byreal.
Ben Zhou, co-founder and CEO of Bybit, published on X that the CEX Incube Byreal and will embark on the Solana blockchain.
To announce Byreal – Our first onchain Dex incubated by Bybit, will be live by the end of the month. From zero and now born on Solana. What is special: 1 / CEX + Dex Synergy Byreal is not “just another Dex”. It combines CEX quality liquidity with defense-and transparency.…
– Ben Zhou (@benbybit) June 15, 2025
The Byreal testnet should be launched on June 30, with its Mainnet to be posted in the third quarter of 2025.
The CEO of Bybit claims that the DEX will mix the liquidity of “Cex grade” with decentralized financial transparency to provide new users and chain assets. This is made possible with the hybrid routing RFQ (quote request) and CLMM (Mack Marches Concordable).
In simple terms, RFQ requests the best prices before making a business, and CLMM helps maintain stable and fair prices. It mixes the backgrounds of large exchanges with the open style of DEFI, so the professions are cheaper for users and technically more difficult for robots.
The DEFI path for the appeal
The launch of Byreal indicates that Bybit explores his entry into the Defi ecosystem.
The DEX will also include a “fair” pavement using the Fairshare engine, which guarantees that large buyers do not monopolize the tokens, giving everyone an equitable chance to join.
This is similar to Pump.fun, a launch of Mèce Launchpad based on Solana, emphasizing the “fair” launches. The platform has brought a wave of prints and scams because of its ease of use. Coinspeaker indicated that 60% of the pump.
If Bybit’s complaints are true, Byreal could potentially reduce the number of parties related to the part on the Solana network.
Solana currently has the second volume of DEX, worth $ 1.56 billion, after $ 3.62 billion BSC, according to Defilma data.
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Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
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