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Bybit’s Byreal to Link Centralized Exchange Features with DeFi Infrastructure on Solana

  • Bybit is set to launch a decentralized exchange called Byreal on the Solana testnet on June 30, with the mainnet launch planned for the third quarter of 2025.
  • Byreal aims to combine centralized exchange features with DeFi infrastructure, offering liquidity and transparency.
  • The platform will provide features like Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing to reduce slippage and improve trade execution.
  • Byreal intends to protect against MEV (maximum extractable value) in DeFi trading to ensure transaction fairness and pricing.
  • Bybit CEO Ben Zhou described Byreal as bringing CEX-grade liquidity with DeFi-native transparency to users.
  • Bybit has been expanding its services despite a significant cybersecurity breach in early 2025, leading to the loss of over $1.4 billion in assets.
  • In response to the breach, Bybit launched a $140 million bounty program and collaborated with Safe, a decentralized custody protocol, to manage withdrawal requests and strengthen security.
  • Bybit introduced a Fixed Rate Loan service for peer-to-peer loans with fixed interest rates and terms and has seen growth, reaching over 30 million registered users globally.
  • Bybit increased its market share in spot trading from 2% in 2023 to 11% by April 2024, showcasing its growth and expansion efforts.

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