Bybit steps up its game on Solana. After conquering the world of centralized trading, the exchange unveils Byreal, a hybrid DEX designed to merge CEX liquidity and DeFi transparency. Testnet expected on June 30, mainnet launch by the third quarter. The message is clear: Bybit is here to play big.
A Next-Generation DEX, by Bybit
“This is not just another DEX“, emphasizes Ben Zhou, CEO of Bybit. And he might be right.
Byreal relies on two technical pillars: RFQ (Request For Quote) and CLMM (Concentrated Liquidity Market Maker). Objective: to offer ultra-efficient swaps, with CEX-like liquidity but without market manipulation. Less slippage, more transparency.
But that’s not all. Byreal also integrates:
- A ‘more fair launchpad’, to better distribute new tokens,
- Yield vaults on Solana assets like bbSOL.
Bybit is clearly looking to rewrite the rules of DEX, by combining the best weapons of the centralized world with the foundations of DeFi.
Solana + Bybit = fireworks ahead?
The choice of Solana is not random. The network impresses with its performance, low fees, and booming DeFi ecosystem. To date, Solana DEXs represent 3.3 billion TVL, with more than half on Raydium.
But a player like Bybit could shake things up. Lily Liu (Solana Foundation) puts it plainly:
CEX and DEX can work together and strengthen each other.
The ambition? To build a true internet-native capital market. With more diversity, more accessibility, and shared infrastructure. In short: the future of trading could well be hybrid.
DEXs are booming… and Byreal is riding the wave
Perfect timing for Bybit. DEXs have never been stronger:
- In May, they captured 25% of the global spot volume, a historic record.
- Total volume for the month: 405.3 billion dollars, according to DefiLlama.
- PancakeSwap leading with 98.2 billion, closely followed by Uniswap.
Of course, Hyperliquid is at the center of this on-chain trading revolution, gaining market share from CEXs and threatening the undisputed leader, Binance, for the first time.
Even Simon Kim, CEO of Hashed, acknowledges:
DEXs are the heart of blockchain financial ecosystems. They will surpass CEXs by 2028.
In this context, Byreal could become one of the key players in this transition. Especially since Solana, with its technical performance and low costs, is already attracting a new generation of traders.
