Byreal Launches DeFi Platform on Solana for Real-World Asset Trading

Byreal has launched a decentralized financial (DeFi) platform designed for trading real-world assets on the Solana blockchain. This platform aims to provide users with a trading experience comparable to centralized exchanges, while maintaining the openness and security of decentralized finance. Byreal's platform is built in collaboration with Bybit and the Solana Foundation, with the testnet having been launched on June 30th and the mainnet scheduled for Q3 of 2025.

The platform employs a smart-routing engine that combines Request for Quote and Concentrated Liquidity Market Maker systems. This setup allows for gasless, price-insensitive trades that are highly resistant to Miner Extractable Value (MEV) attacks, with quote times under 200 ms. Byreal's infrastructure leverages Solana's high throughput and low transaction fees, enabling it to process over 65,000 transactions per second at nearly zero cost. This ensures a seamless trading experience without compromising on decentralization.

Byreal's platform supports the tokenization of real-world assets, including blue-chip stocks like Apple and Tesla, through a partnership with Backed Finance and its xStocks. This integration allows users to trade these assets efficiently on the blockchain. The platform's vision, as stated by Bybit's leader Ben Zhou, is to combine the ease of use of centralized exchanges with the transparency of DeFi, setting a new standard in hybrid finance. Byreal aims to bridge traditional and blockchain-based markets, offering institutional-level execution capabilities across multiple assets.

Byreal will introduce three flagship products: a decentralized exchange, Reset Launch, and Revive Vault. Reset Launch features a Smart Price Ladder and Fairshare Engine to ensure transparency in token offerings, preventing predatory trading and sightless airdrop farming. Revive Vaults offer yield strategies, including exclusive vaults for bbSOL, a Bybit-native staked Solana token. These vaults provide users with competitive on/off-chain yield streams, enabling them to utilize the Solana ecosystem effectively. The platform's interface allows users to find, trade, and generate yield on a single platform, making it accessible to all users.

Lily Liu, President at Solana Foundation, highlighted that Byreal's focus on liquidity infrastructure aligns with Solana's goals. The collaboration aims to bring capital market assets on-chain with efficiency and accessibility as primary considerations. The partnership underscores the importance of scalability and speed to the platform's success. Byreal's hybrid model positions it as a strong competitor in the decentralized exchange market, where Uniswap currently leads with over 5.01 billion in total value locked. Byreal's higher liquidity depth and faster execution make it a formidable player in this space.

The launch of Byreal follows the February 2025 hack of Bybit, which resulted in a loss of 1.4 billion dollars. This incident prompted Bybit to close its Web3 services, including NFT marketplaces and wallets, as part of a strategic shift. Byreal represents a renewed focus on basic financial instruments and leveraging Solana as a stable foundation. With zero downtime in 2025 and an increasing number of institutions adopting Solana, the platform is well-positioned for growth and success.