Bybit is betting big on hybrid finance with Byreal, its new Solana-powered decentralized exchange (DEX) merging Wall Street-grade liquidity with DeFi’s trustless trading—set to shake up crypto this summer.
Bybit Incubates Solana DEX Byreal, Testnet Starts June 30 Ahead of Q3 Mainnet
Cryptocurrency exchange Bybit has unveiled Byreal, its first Solana-based decentralized exchange (DEX), with mainnet launch planned for the third quarter of 2025. Founder Ben Zhou announced the platform, incubated by Bybit and built from scratch on Solana, aims to merge centralized exchange (CEX) liquidity with decentralized finance (DeFi) transparency, calling it “real hybrid finance.” Byreal is not positioned as a typical DEX but as an onchain extension of the global exchange.
The platform promises low-slippage, miner-extractable value (MEV)-protected swaps through a hybrid routing system combining Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) technology. This design targets high transaction speeds leveraging the Solana blockchain’s infrastructure. On the social media platform X, Zhou highlighted the project was developed by “a small team with big conviction.”
Byreal will feature a fair launchpad model named “Reset Launch,” utilizing a Smart Price Ladder and Fairshare Engine for new token listings. It also includes curated yield vaults under the “Revive Vault” banner, offering products like bbSOL, a Solana-based liquid staking token. These elements aim to unify fragmented liquidity and attract new users and assets to the Solana ecosystem.
A testnet for Byreal is scheduled to launch on June 30, 2025, serving as a public testing phase before the mainnet release in Q3. Bybit’s official statement emphasized Byreal is built to list, discover and trade “real value” transparently onchain. The development follows Bybit’s strategic shift towards hybrid DeFi models after discontinuing several standalone Web3 services, including its previous DEX Pro and NFT marketplace, in May 2025.
The launch represents Bybit’s effort to rebuild user trust and expand its decentralized offerings following a significant security breach earlier in 2025. Byreal will compete in the growing market for hybrid finance platforms seeking to blend CEX efficiency with DeFi’s open infrastructure. Community speculation about an associated “Byreal” token has circulated on social media platform X, but Bybit’s official communications focus solely on the platform features and timeline.
Byreal’s success will depend on its ability to deliver promised CEX-level liquidity and seamless DeFi trading when mainnet operations commence later this year. The platform is backed by Bybit and built on the Solana network.
Source: Bitcoin
