Bybit, one of the world’s most active crypto derivatives exchangeshas announced the launch of ByrealA decentralized exchange (DEX) built on SolanaMarking his most aggressive push but still in Defi.
The move indicates a broader pivot point to hybrid financing, where centralized liquidity meets decentralized transparency.
“Byreal is not ‘just another dex’. It combines CEX-grade liquidity with Defi-Native Transparency,” tweeted CEO Ben Zhou Released in a press seam on 15 June.
The explanation, part of a broader thread, emphasized the ambition of Byreal to combine the “CEX-grade liquidity” of Bybit with the auditability and self-herb of Defi.
Cedefi takes shape
Byreal is set to enter Testnet by June 30immediately Mainstet launch planned for Q3 2025. According to the exclusive first look of crypto briefing, the DEX uses a mix of RFQ (request for quotation) And CLMM (Maker maker of Liquuidity Market) router, strive for supply slipMEV-RESISTENTS transactionsConsidered important pain points for Defi traders.
The platform also introduces a novel “ResetMechanism for fair token launches and one New life Built product built up BBBSLA Bybit-Native version of Stusted Solana.
Byreal arrives at a time Dex -volumes come up: weekly totals recently on average above $ 10 billion For the first time since 2021, A 16% peak According to Defillama.
Meanwhile, the revival of Solana, stimulated by persistent 100% uptime in 2025 and peak transaction speed 65,000 TPSMakes it a strategic layer for scalable infrastructure for chains.
Why it matters
Bybit’s Solana-Native Dex marks a river basin CedefiThe increasingly favorite hybrid model under exchanges that want to retain the trust of users and at the same time expand.
With large CEXS such as Coinbase that doubles Ethereum L2S, Bybit’s Solana route sets it on a varied but competitive path, one that the Volume Flipping Between centralized and decentralized trade.
It also marks a reputation -reboot: Byreal is the first major product launch since then Bybit’s hack of $ 1.4 billion In February, which forced the exchange to look for emergency liability Binance And Bitget. The internal web3 suite was closed shortly thereafter. By moving the liquidity on the chain, Bybit seems to make a play for innovation and trust.
The open questions and what is the next
Despite his ambitions, various elements remain unconfirmed: No audit partners have been announcedAnd details about liquidity provision, especially how Byreal market makers will attract, still have to be announced.
Regulatory treatment is also a threatening joker sign. Although branded as a DEX, Byreal is incubated by a centralized exchange, so that the possibility is set up that authorities can still regard it as a disguised occupation platform.
If Byreal succeeds, this can put pressure on rivals Uniiswap” Pancake wapAnd Coinbase To recover their decentralization stories. If it fails, it can become a case study in the limitations of Cedefi if none of the both parties of the hybrid is completely convinced.
The bet is switched on and Solana is at the table.
