Bybit to Launch Byreal, a Hybrid Solana-Based DEX, by Month-End

In Brief:

Byreal, Bybit’s first on-chain DEX, will launch by the end of June.

Built on Solana, it combines CEX-level liquidity with DeFi transparency.

Bybit CEO Ben Zhou announced on X that Byreal—the first decentralized exchange incubated by the crypto exchange—will launch by the end of this month. Developed on the Solana blockchain, Byreal aims to merge the strengths of centralized and decentralized finance. It features CEX-like liquidity paired with DeFi-native transparency, leveraging RFQ (Request for Quote) and CLMM (Concentrated Liquidity Market Maker) routing to offer low-slippage, MEV-protected transactions. Zhou added that Byreal is just the first of many CEX + DEX hybrid finance projects planned by Bybit.

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