Bybit is introducing Byreal, a decentralized exchange (DEX) on Solana, with CEX-level liquidity and on-chain transparency.
Byreal features dual routing, yield vaults, fair launch tools, and aims for smoother DeFi trading.
Bybit plans to launch Byreal in Q3 2025 after a testing phase starting on June 30.
The DEX intends to combine centralized exchange liquidity with DeFi protocol transparency.
Byreal's architecture includes a dual routing system merging RFQ with CLMM for efficient trades with low slippage.
Byreal offers tools like the Smart Price Ladder launchpad and Fairshare Engine to balance token launches and prevent whale domination.
Bybit's integration of bbSOL, a liquid staking token on Solana, showcases a connection between its core exchange and Web3-native tools.
Byreal's testnet goes live on June 30, aiming for a mainnet launch in Q3 2025, focusing on trading infrastructure and consolidation after recent projects were cut.
The launch of Byreal coincides with Solana's growth in DeFi, attracting interest from major players like Kraken and Fidelity.
Byreal bets on offering global CEX experience on-chain, emphasizing liquidity, speed, depth, and self-custody in its model.
The success of Byreal will depend on maintaining strong liquidity, providing a seamless trading experience, and building trust in its hybrid model.