Solana’s Game-Changer: Bybit Unveils Hybrid DEX ByREAL Targeting Q3 2025 Mainnet Launch

Bybit has announced the launch of its innovative hybrid decentralized exchange, ByREAL, built on Solana's blockchain, with a planned mainnet debut in Q3 2025. This platform aims to combine the liquidity of centralized exchanges with the transparency of DeFi, addressing key challenges like scalability and high fees that have limited broader DEX adoption. ByREAL will feature advanced trading mechanisms such as RFQ (Request For Quote) and CLMM (Concentrated Liquidity Market Maker) routing to reduce slippage and combat market manipulation. This development marks a significant step forward for Solana's ecosystem and the broader DeFi landscape, potentially driving increased adoption and value for SOL and related assets.

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.

Solana Foundation Partners with Kazakhstan to Launch Blockchain Economic Zone

The solana Foundation has forged a strategic alliance with the Government of Kazakhstan, signing a Memorandum of Understanding to establish a blockchain-focused economic zone. This marks Solana's first institutional partnership in Central Asia, positioning Kazakhstan as a regional hub for Web3 development.

The initiative will leverage Solana's high-performance blockchain infrastructure to attract technical talent and foster innovation. Kazakhstan continues to emerge as a progressive jurisdiction for cryptocurrency initiatives, balancing regulatory oversight with technological adoption.

Fiserv Launches Solana-Based FIUSD Stablecoin with Paxos and Circle Integration

Fiserv, a leading financial services provider, is set to revolutionize digital payments with the launch of FIUSD, a Solana-based stablecoin designed for institutional use. The stablecoin will leverage infrastructure from Paxos and Circle to build robust payment gateways for business clients, marking a significant step in mainstream blockchain adoption.

Solana has been selected as the inaugural blockchain for FIUSD, capitalizing on its existing $11B stablecoin liquidity pool and widespread USDC adoption. The chain currently holds 4.8% of the total stablecoin supply, demonstrating its growing dominance in the institutional crypto space. Fiserv plans to explore multi-chain expansion following the initial rollout.

The move aligns with progressive regulatory developments like the US Genius Act, which creates favorable conditions for stablecoin adoption. Payment giants including Stripe have shown similar interest in blockchain-based solutions, signaling an industry-wide shift toward digital asset integration.

Solana Trading Shifts to Decentralized Exchanges Amid Market Volatility

Solana's SOL token is witnessing a pronounced migration of trading activity to decentralized exchanges, with on-chain perpetual swaps now dominating centralized platforms. Recent liquidations during market turbulence reveal DEX volumes doubling those of traditional exchanges, signaling a structural shift in derivatives trading behavior.

Jupiter DEX emerged as the primary venue for SOL perpetual swaps, processing $94 million in liquidations compared to $47 million on centralized platforms. The decentralized exchange now ranks among Solana's top five fee generators, capturing $3.88 million in 24-hour revenue as traders capitalize on the network's volatility.

SOL price action mirrored the platform's turbulent weekend, plunging to $128.30 before rebounding to $134.33. These swings triggered cascading liquidations that reduced open interest from $3.55 billion to $2.9 billion, yet paradoxically expanded long positions as traders doubled down on volatility plays.

Solana ETF Prospects Strengthen as CME Futures Activity Surges

CME Group's Solana futures market is signaling heightened anticipation for a spot ETF, with trading volumes hitting record levels in June. Seven fund applications are currently under SEC review, including one innovative product that would incorporate SOL staking rewards—blending traditional finance with crypto-native yield mechanisms.

Institutional participation has grown to 10% of block trades since May, while total notional volume surpassed $3 billion across 106,000 contracts. Though still a fraction of SOL's global trading activity, the CME's open interest reached all-time highs on July 17, suggesting sophisticated investors are positioning for regulatory approval.

The momentum persists despite SOL's recent price weakness, with analysts interpreting the derivatives activity as a bet on imminent ETF launches. Market makers appear to be building infrastructure for what could become crypto's next major institutional gateway after Bitcoin and ethereum products.