Solana DEX Wars Erupt: Byreal vs. Raydium—Which Crypto Will Dominate in 2025?

The battle for Solana's DEX throne just got hotter—Byreal and Raydium are locked in a liquidity arms race. Forget 'friendly competition'—this is a zero-sum game for TVL dominance.

Gas War 2.0

Raydium's concentrated liquidity model slashes slippage, while Byreal's hybrid AMM/orderbook setup bypasses MEV like a VIP at a bull market party. Both promise sub-second trades, but only one can win the retail mob's favor.

VCs vs. Degens

Raydium's institutional backing shows in its polished UI—Byreal's guerilla marketing thrives on Telegram alpha leaks. Guess which one 'accidentally' front-runs its users less?

And let's be real—whichever token pumps hardest this week will be hailed as 'the future of finance' until next week's shiny new fork drops. Such is crypto.

The DEX wars have begun: Byreal set to launch Q3 this year 

The launch of Byreal signals a serious shift: centralized exchanges are now trying to future-proof themselves by going on-chain. Byreal is not a fork or a side project but an extension of Bybit itself. Engineered to give traders a Solana-native experience with the polish and liquidity of a CEX.

Byreal blends Concentrated Liquidity Market Making (CLMM) with Request-for-Quote (RFQ) routing—two systems that together optimize trade execution and pricing. This is the classic deep liquidity provisioning made popular by Uniswap V3, along with off-chain orders like those used by Cowswap. Additionally, it will introduce a fair launchpad model called Reset Launch, aiming to make fair launches fair again through a Smart Price Ladder and Fairshare engine. 

Slated to go live in Q3 this year, Solana’s biggest incumbent liquidity layer, Raydium, is about to face its first challenge from a CEX-built decentralized product. But while this on-chain battle plays out, something much more exciting is forming on Bitcoin, and while players fight over scraps on Solana, real money is flowing into the nascent and burgeoning Bitcoin's $2 trillion in idle capital. 

Bitcoin Pepe soars past $15m: Is BTC DeFi the future of crypto? 

Bitcoin Pepe is what happens when Bitcoin’s liquidity and security guarantees meet Solana’s scalability and trading culture. This is the scaffolding for a new kind of Bitcoin-native infrastructure, and the massive $15m raise signals that investors believe this will be the project to bring Bitcoin into the modern age. Built to power the meme coin trading experience retail loves, BPEP’s native bridge will make it the first layer 2 to gain access to Bitcoin's $2 trillion in idle capital and unlock DeFi on crypto’s oldest network. BPEP is bringing lightning-fast swaps, a Solana-style UX, and a brand new token standard, PEP-20, to Bitcoin’s base layer.

MEXC listing announcement triggers $300K inflows for BPEP

On June 17th, BPEP announced it would be listing on MEXC and Bitmart, triggering $300K of presale inflows, and now analysts are patiently waiting to see what happens when BPEP makes its tier 1 CEX listing announcement on June 30th. Even amid the ongoing Iran-Israel tensions, BTC ETF inflows have hit $412 million, and the conditions are perfect for a BTC-driven renaissance. While Bybit and Raydium fight over the dwindling retail trading volume on Solana, bitcoin Pepe is the world’s first meme-focused layer 2 built on Bitcoin. BPEP has already previewed a block explorer, a PEP-20 bridge, and a roadmap geared toward integrating with launchpads, aggregators, and liquidity routers. The team is doing everything to ensure PEP-20 dominance, and the current price of $0.0416 makes BPEP look like one of the most undervalued tokens on the market. 

Bitcoin Pepe is capitalizing on the exact same trend fueling Byreal’s rise—the desire for CEX-grade trading, but on-chain. The MEXC listing announcement spurred $300K in buys, and it is obvious to anyone watching this presale what happens on June 30th with the next CEX listing announcement. 

To find out more about Bitcoin PEPE before it becomes the face of the Bitcoin DeFi revolution, visit the official website.

Raydium vs. Byreal: The Solana DEX wars 

Raydium has long been the default liquidity layer of Solana. It has benefited from being the first mover, but it’s now facing headwinds. The launch of Byreal could siphon volume, talent, and LP incentives, especially as Bybit pours resources into capturing on-chain users. And other projects, such as Pump.fun have already launched liquidity solutions such as Pump.swap. All of this while solana trading volumes decline. More competitors fighting over a smaller pie may sound cynical, but it is very much the underlying truth of the Solana DEX wars. Raydium remains a core piece of the Solana stack and hopefully starts to iterate on new protocol primitives, but its dominance is no longer guaranteed. While still not live, Byreal represents the most aggressive move yet by a centralized exchange into DeFi territory. More importantly, Byreal proves that the lines between CEXs and DEXs are blurring and that long-term, on-chain will be the winner. 

Why Bitcoin DeFi & BPEP are the real trade 

While investors argue whether Byreal or Raydium will dominate Solana’s DEX wars, the smart money is already moving. Solana won because it was the fastest and cheapest chain. And this backdrop is what feeds into the Bitcoin Pepe setup. BPEP is taking that level of scalability and pairing it with a liquidity base multiples larger. All the real capital lives on the Bitcoin network, and Bitcoin Pepe could become the spark for a full-blown Bitcoin-native DeFi ecosystem. With a slew of CEX listings upcoming and the perfect conditions for launch on the horizon, BPEP at $0.0416 looks identical to SOL when it traded below $10.