Bybit Unveils Hybrid DEX Byreal on Solana: A Strategic Leap into DeFi

Bybit is making waves in the decentralized finance (DeFi) space with the launch of Byreal, a hybrid decentralized exchange (DEX) built on the solana blockchain. This strategic pivot marks a significant step in Bybit''s Web3 strategy, blending the liquidity of centralized exchanges with the transparency of DeFi. Dubbed "real hybrid finance" by Chief Officer Zhou, Byreal is set to begin its testnet deployment on June 30, 2025, with a mainnet launch planned for Q3 2025. The platform introduces an innovative liquidity model that combines Request for Quote (RFQ) systems and Concentrated Liquidity Market Maker (CLMM) routing, aiming to minimize MEV (Miner Extractable Value) and enhance user experience. This move underscores Bybit''s commitment to bridging the gap between traditional and decentralized finance, offering users the best of both worlds.

Bybit Launches Hybrid DEX Byreal on Solana, Shifts Web3 Strategy

Bybit is making a strategic pivot into decentralized finance with the launch of Byreal, a hybrid DEX built on Solana. The platform merges centralized exchange liquidity with DeFi transparency—what Chief Officer Zhou calls "real hybrid finance." Testnet deployment begins June 30, with mainnet slated for Q3 2025.

The protocol employs an innovative liquidity model combining RFQ systems and CLMM routing, promising users MEV-protected swaps with minimal slippage. This MOVE follows the success of perpetual futures DEXs like Hyperliquid, though Bybit hasn''t confirmed whether Byreal will support derivatives trading.

Beyond Core trading features, Byreal will incorporate a fair launchpad using Smart Price Ladder technology and curated yield vaults. "This isn''t just another DEX," Zhou emphasized, hinting at upcoming CEX-DEX collaborative projects.

Bybit to Launch Solana-Based Decentralized Exchange Byreal in Q3

Bybit is set to debut its decentralized exchange, Byreal, on the Solana network. The testnet launch is scheduled for June 30, with the mainnet rollout expected in the third quarter of 2024. The platform aims to merge the liquidity and efficiency of centralized exchanges with the transparency of decentralized finance.

Byreal will feature Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing to mitigate MEV attacks and improve price execution. Innovative token distribution mechanisms like Reset Launch—using Smart Price Laddering and the Faishare Engine—will address allocation fairness. A Revive Vault will offer yield opportunities for Solana-based assets including bbSOL.

CEO Ben Zhou positions Byreal as a cornerstone of Bybit''s hybrid finance vision, bridging CEX and DEX advantages. The exchange joins a competitive landscape as institutional interest in Solana''s high-throughput ecosystem grows.