Bybit Launches Byreal Hybrid DEX on Solana Blockchain

Coin WorldSunday, Jun 15, 2025 3:16 am ET
1min read

Bybit has introduced Byreal, a pioneering hybrid decentralized exchange (DEX) built on the Solana blockchain. This innovative platform seamlessly integrates the liquidity of centralized exchanges (CEX) with the transparency and security of decentralized finance (DeFi). Byreal is designed to offer a superior trading experience by leveraging advanced features such as Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing. These mechanisms ensure low-slippage and MEV-protected trades, catering to both retail and institutional traders.

Ben Zhou, CEO of Bybit, highlighted that Byreal embodies the concept of “real hybrid finance,” combining the best aspects of CEX-grade liquidity with the openness of DeFi. This hybrid model aims to address the fragmentation of liquidity in the crypto market by providing a unified trading environment that balances performance, transparency, and on-chain verification.

Byreal’s architecture includes a Reset Launch mechanism, a fair launchpad system that utilizes a smart price ladder and a Fairshare Engine. This system ensures equitable token distribution during initial offerings, mitigating issues such as front-running and price manipulation. Additionally, the platform introduces Revive Vaults, which are curated DeFi yield products starting with bbSOL. These vaults enable users to access optimized yield strategies within a secure framework, enhancing the overall user experience.

Bybit’s choice of Solana as the foundational blockchain for Byreal underscores Solana’s growing prominence as a high-performance infrastructure provider. Solana’s fast transaction speeds and scalability are crucial for supporting Byreal’s goals of accommodating both retail traders and institutional participants. This partnership is expected to attract new users and assets, expanding the platform’s reach and liquidity pool.

The launch of Byreal aligns with a broader industry trend where exchanges are increasingly integrating DeFi elements to provide users with enhanced liquidity, transparency, and compliance. This hybrid model aims to create a more unified and accessible financial ecosystem, fostering innovation and efficiency in the crypto industry. The upcoming testnet launch scheduled for late June is a critical milestone, with mainnet operations anticipated in Q3. This phased rollout will allow Bybit to refine the platform based on user feedback and market dynamics, positioning Byreal as a competitive player in the evolving decentralized exchange landscape.

In conclusion, Bybit’s Byreal represents a strategic advancement in hybrid decentralized exchanges, effectively merging the liquidity advantages of centralized platforms with the transparency and security of DeFi. Built on Solana, Byreal’s innovative features set a new standard for hybrid finance solutions. As the platform progresses towards its mainnet launch, it is poised to enhance liquidity access and trading efficiency for a diverse user base, signaling a promising future for hybrid DEX models in the crypto industry.

Ask Aime: What impact does Byreal's hybrid decentralized exchange have on the crypto market?