Bybit, one of the largest centralized crypto exchanges, is set to expand into the decentralized finance (DeFi) sector with the launch of its first on-chain trading platform—Byreal.
The decentralized exchange (DEX) will debut on the Solana network, with a testnet release scheduled for June 30, followed by a mainnet rollout in Q3 2025.
CEX-Level Performance, DeFi-Level Transparency
Byreal represents Bybit’s strategic move to merge centralized exchange (CEX) efficiency with decentralized trading autonomy. The platform will offer features like CEX-grade liquidity, fast execution, and minimal slippage—characteristics often lacking in typical DEXs.
To enhance trade performance and minimize manipulation risks, Byreal incorporates Request for Quote (RFQ) protocols and Concentrated Liquidity Market Maker (CLMM) routing. These mechanisms are built to help prevent maximal extractable value (MEV) attacks and deliver fairer pricing outcomes for users.
Innovative Features for Fairer Access
Byreal will also introduce a “Reset Launch” mechanism using Smart Price Laddering and a Faishare Engine, aiming to provide fairer token allocation during launches and prevent the usual rush of predatory trading behaviors.
Another unique addition is the Revive Vault, a yield-generating tool that will curate return opportunities across Solana-based assets such as bbSOL.
Strengthening Solana’s DeFi Ecosystem
Launching on Solana gives Byreal the advantage of high-speed, low-cost transactions, positioning it as a major new player in the chain’s growing DeFi landscape. As Bybit pushes forward with this decentralized effort, it continues to blur the line between CEX reliability and DeFi transparency, appealing to a new wave of hybrid crypto users.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bybit-launches-byreal-dex-on-solana-to-bridge-cex-defi-gap/