- Bybit enters DeFi with Solana-powered hybrid DEX, Byreal.
- Unified liquidity model enhances speed, reduces slippage, prevents MEV.
- bbSOL integration bridges CEX liquidity and decentralized staking rewards.
Crypto exchange Bybit is preparing to launch its first decentralized exchange, Byreal, built on the Solana blockchain. The platform is scheduled for testnet release on June 30, with the mainnet rollout planned for Q3 2025. Byreal represents Bybit’s push into hybrid finance, combining centralized exchange liquidity with decentralized finance transparency and user control.
Bybit Unveils Solana-Powered DEX ‘Byreal
Bybit CEO Ben Zhou described Byreal as the future of “real hybrid finance,” offering a unique mix of CEX performance and DeFi openness. Unlike traditional DEXs, Byreal will incorporate a unified liquidity model that uses Request-for-Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) systems.
Announcing Byreal — our first onchain DEX incubated by Bybit, will be LIVE by end of the month. Starting from scratch and now born on Solana. what’s special: 1/ CEX + DEX synergy Byreal isn’t “just another DEX.” It’s combining CEX-grade liquidity with DeFi-native transparency.… https://t.co/JU60e4zHQ4
— Ben Zhou (@benbybit) June 15, 2025
These mechanisms will help minimize slippage, increase trade speed, and provide protection against MEV attacks.
The upcoming DEX will also feature curated yield vaults, offering users access to competitive returns through innovative staking options.
Bybit confirmed that the platform would include a fair launchpad system powered by its Smart Price Ladder and Fairshare Engine models. These tools aim to ensure balanced token launches and wider community participation.
Byreal will also support bbSOL, a liquid staking token launched by Bybit last September in collaboration with Solana partners.
Projects like Sanctum, Kamino Finance, and Orca contributed to the creation of bbSOL, designed to bridge the gap between Bybit’s centralized platform and its Web3 services.
Users who stake SOL through Bybit Web3 will receive bbSOL, enhancing liquidity within the new DEX ecosystem.
It’s official. Byreal is here.👋🏽
Incubated by @Bybit_Official, born on @Solana.
Byreal is a new onchain liquidity network for the next wave of assets — where real value is listed, discovered, and traded transparently. pic.twitter.com/seDoKdZCKw
— Byreal (@byreal_io) June 15, 2025
Bybit Advances Hybrid Finance Model with Byreal
Byreal is a strategic shift coming soon following the closure of a couple of Web3 products in May. Such closures involved Bybit NFT marketplace, Keyless Wallet, DEX Pro, and Swap & Bridge service.
The exchange also cancelled its fiat on-ramp and Web3 Points reward program, focusing on its gearing towards more scalable solutions.
Irrespective of these shutdowns, Bybit does not want to stay behind in innovation in the DeFi sector. The creation of Byreal is associated with its long-term perspective of developing a more integrated, secure, and transparent environment of finances.
The platform would create a decentralized format that retains the level of functionality CEX-grade on trading platforms have without diminishing the level of performance or the user experience.
Byreal will also be available at the official site byreal.io and will provide the available traders with a new hybrid model that will be the very best of the two worlds.
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