Bybit Launches Byreal DEX on Solana with Testnet Coming June 30
Bybit has announced its first decentralized exchange (DEX) called Byreal, which will operate on the Solana blockchain. The launch is set for the end of June with a testnet release and a mainnet expected in Q3 2025.
- Byreal aims to combine centralized exchange (CEX) liquidity with decentralized finance (DeFi) transparency.
- Features include RFQ (Request for Quotation) for optimal trade pricing and CLMM (Concentrated Liquidity Market Maker) for stable pricing.
- The DEX will introduce a fair launchpad using the Fairshare Engine to prevent monopolization by large buyers.
- Solana's current DEX volume stands at $1.56 billion, second only to BSC’s $3.62 billion.
Bybit’s entry into DeFi through Byreal could address issues associated with scams prevalent in similar platforms.