Bybit Launches Byreal DEX on Solana Network

Coin WorldSunday, Jun 15, 2025 3:55 pm ET
1min read

Bybit, a prominent cryptocurrency exchange, has announced the imminent launch of Byreal, its first on-chain decentralized exchange (DEX). According to Ben Zhou, CEO of Bybit, Byreal is set to be available by the end of this month. This new

is built on the Solana network and offers a unique hybrid that combines the liquidity of centralized exchanges (CEX) with the transparency of decentralized finance (DeFi).

Zhou emphasized that Byreal is not just another DEX, but a true example of hybrid finance. He highlighted that the platform integrates CEX-quality liquidity with the transparency of DeFi, providing users with a seamless and efficient trading experience. Additionally, Byreal is part of a broader vision where CEX and DEX will be launched together in future projects, further blurring the lines between centralized and decentralized trading.

One of the standout features of Byreal is its RFQ (quote on request) and CLMM (concentrated liquidity market maker) based routing system. This innovative structure allows users to execute MEV (maximum extractable value) protected transactions with minimal slippage, ensuring a more secure and cost-effective trading environment. Zhou expressed pride in the development of Byreal, noting that it was created from scratch by a small but dedicated team, and that it offers unified liquidity and high transaction speeds.

This development comes as the competition among cryptocurrency exchanges intensifies. Binance, a leading player in the market, recently introduced a feature that enables the buying and selling of listed altcoins on decentralized cryptocurrency exchanges through its Binance Alpha feature. This move by Binance has prompted its rivals, including Bybit, to introduce similar features to stay competitive and attract users.

The rivalry among exchanges underscores the dynamic nature of the cryptocurrency industry, where innovation and user experience are key drivers. As exchanges continually strive to outdo each other, users benefit from enhanced services and improved security measures. This competition is not just about attracting new users but also about retaining existing ones by offering cutting-edge features that meet their evolving needs. The ongoing rivalry is likely to drive further advancements in the industry, making it more robust and user-friendly.