Bybit Unveils Solana-Based Hybrid DEX ByREAL with Q3 2025 Mainnet Launch

Bybit has announced the launch of its innovative hybrid decentralized exchange, ByREAL, built on Solana's blockchain. The platform, set to debut on mainnet in Q3 2025, combines centralized liquidity with DeFi transparency to tackle scalability and high fee issues that have traditionally limited DEX adoption. ByREAL will feature advanced trading mechanisms like RFQ (Request For Quote) and CLMM (Concentrated Liquidity Market Maker) routing to reduce slippage and prevent market manipulation, positioning itself as a potential game-changer in the decentralized finance landscape.

Bybit Launches Solana DEX ByREAL, Targets Q3 Mainnet Debut

Bybit unveiled its hybrid decentralized exchange, ByREAL, built on Solana's blockchain, with a planned mainnet launch in Q3 2025. The platform merges centralized liquidity with DeFi transparency, addressing scalability and fee challenges that have hindered broader DEX adoption.

The exchange will feature RFQ (Request For Quote) and CLMM (Concentrated Liquidity Market Maker) routing to minimize slippage and resist market manipulation. A testnet version is scheduled for June 30, marking a strategic push into hybrid finance models.

"This leverages Solana's throughput advantages while maintaining security standards," said Lily Liu, highlighting the platform's dual focus on efficiency and trust. The MOVE signals growing institutional interest in bridging CEX and DEX architectures.

XRP Emerges as Top Altcoin Contender Amid ETF Speculation and Institutional Interest

XRP has solidified its position as a standout performer among altcoins, with both institutional and retail investors growing increasingly bullish. Bybit's latest data reveals a dramatic surge in XRP holdings on its platform, doubling from 1.29% to 2.42% between November and May as prices skyrocketed 338%—from $0.50 to $2.19—amid easing tensions between Ripple and the SEC.

The momentum accelerated when former President Donald Trump floated the idea of including XRP in a proposed U.S. crypto reserve, though the plan never materialized. Now, Polymarket odds suggest an 85% chance of an XRP ETF approval this year, with Bloomberg analyst James Seyffart pegging the likelihood at 95%. Such an event could unleash billions in institutional capital, mirroring the trajectory of Bitcoin and ethereum ETFs.

Market participants are clearly positioning for this outcome. "The crypto investing industry view is that Ripple spot ETF approval is likely," notes Bybit's report, underscoring the altcoin's transformation from legal battleground to institutional darling.