Bybit, one of the world’s leading centralized cryptocurrency exchanges, officially announced the launch of Byreal – a pioneering on-chain trading platform, marking a strategic move into the decentralized finance (DeFi) sector. Byreal will operate on the Solana blockchain, with a testnet version expected to launch on June 30, 2025, and the official mainnet scheduled for deployment in the third quarter of the same year.
Byreal: Preserving Excellence, Connecting CEX and DeFi
Byreal is designed as a groundbreaking bridge that blurs the lines between centralized exchanges (CEX) and decentralized exchanges (DEX). This platform provides a seamless experience, combining the strengths of CEX such as ample liquidity, superior order matching speed, and minimal slippage while maintaining the transparency and asset autonomy characteristic of DeFi.
To achieve this, Byreal integrates advanced technologies:
- Request for Quote (RFQ): Optimizes the quoting process.
- Concentrated Liquidity Market Making (CLMM): Enhances trading efficiency and protects against MEV (Maximal Extractable Value) attacks.
These improvements ensure Byreal achieves optimal price matching, delivering exceptional value to users.
Byreal introduces groundbreaking mechanisms to ensure fair token distribution and expand access opportunities:
- “Reset Launch” Mechanism: Utilizes Smart Price Laddering and Faishare Engine technology for transparent and efficient token allocation.
- Revive Vault: A DeFi asset vault that allows users to earn yields from tokens like bbSOL and other assets within the Solana ecosystem.
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Vision of Hybrid Finance
According to Ben Zhou, CEO of Bybit, Byreal represents a significant milestone in realizing the vision of Hybrid Finance – a financial model that harmonizes the efficiency of CEX with the freedom and transparency of DEX. Unlike competitors like Coinbase or Kraken, which focus on Layer 2 solutions, Bybit takes a direct approach to the DeFi market, ready to compete with top DEXs like Uniswap, PancakeSwap, and Hyperliquid.
The launch of Byreal comes at a time when the DeFi market is experiencing a strong recovery, with trading volumes on DEXs increasing by over 15% in the past week.
Following a security incident that caused $1.4 billion in losses in February 2025, Byreal demonstrates Bybit’s commitment to restructuring, strengthening core capabilities, and asserting its pioneering position.
Additionally, Bybit continues to expand its product offerings, not only in cryptocurrencies but also including U.S. stocks, commodities, and indices, aiming to become a comprehensive financial platform that meets the diverse needs of global users.
Byreal is not just a trading platform; it is a testament to Bybit’s strategic vision in shaping the future of digital finance.
