Bybit’s Byreal DEX on Solana Boosts DeFi Liquidity

- Bybit introduces a new decentralized exchange (DEX) named Byreal. - Byreal integrates centralized exchange liquidity with DeFi transparency. On June 15, 2025, Bybit announced the launch of its first decentralized exchange, Byreal, set on the Solana network. This platform aims to blend the liquidity of a centralized exchange with the transparency of a decentralized system. On June 15, Cryptopolitan reported that Byreal launches as a hybrid DeFi protocol. Its design ensures superior transaction speed, minimizes slippage, and protects users from Maximal Extractable Value (MEV). To achieve these goals, the DEX will utilize requesting-for-quote (RFQ) and concentrated liquidity market maker (CLMM) routing. The Byreal testnet will launch by June 30, 2025, and Bybit plans for the mainnet to be available by the third quarter of 2025. On June 15, CEO Ben Zhou of Bybit stated, “Byreal aims to provide CEX-grade liquidity with DeFi-native transparency.” The platform will also feature a fair launchpad model and curated yield vaults. This strategic development aligns with Bybit's focus on core financial products. Byreal has the potential to positively impact the Solana network, potentially attracting more users and capital to its ecosystem. As of June 15, 15:18 UTC, Solana (SOL) trades at $152.074, and its 24-hour trading volume increased by 4.647%. Meanwhile, Hyperliquid (HYPE) trades at $40.975, and its 24-hour trading volume changed by 0.156%.