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- Bybit has announced plans to launch a Solana-powered DEX identified as Byreal
- The alternate will agree with the liquidity level of CEXs and the transparency of DEXs
- Byreal’s testnet will be on hand to be used by the head of this month
In fashion crypto alternate Bybit has announced plans to launch a Solana-powered DEX, Byreal, by the head of the month. Bybit disclosed that Byreal will mix “CEX-grade liquidity with DeFi-native transparency,” including that this would perhaps presumably perhaps additionally merely present low designate slippage and give protection to users against MEV (most extractable worth) assaults. The alternate mighty that it’s working “alongside Solana” to bring new users, property, and expect to the Solana ecosystem, one thing that’s seemingly to comprehend the adoption of Solana-essentially essentially based mostly tasks.
Bybit’s First On-Chain DEX
In an X submit, Bybit CEO Ben Zhou said Byreal is Bybit’s first on-chain DEX. He added that they created the DEX from scratch, noting that it combines the synergy of every centralized and decentralized exchanges.
Announcing Byreal — our first onchain DEX incubated by Bybit, will be LIVE by smash of the month. Initiating from scratch and now born on Solana. what’s particular: 1/ CEX + DEX synergy Byreal isn’t “correct one other DEX.” It’s combining CEX-grade liquidity with DeFi-native transparency.… https://t.co/JU60e4zHQ4
— Ben Zhou (@benbybit) June 15, 2025
Zhou seen that combining facets from the 2 worlds defines “valid hybrid finance.” Primarily based totally on the alternate’s X internet page, “Byreal is built to indicate fragmented liquidity into unified opportunity.”
The Bybit CEO disclosed that Byreal will utilize a machine that integrates RFQ (Ask for Quote) with CLMM (Concentrated Liquidity Market Maker) to wait on its users better. RFQ focuses on users requesting designate quotes from several sources, while CLMM ensures passable liquidity at explicit designate ranges.
Byreal Comes With an Respectable Token
Byreal will additionally agree with an legit token identified as BYRL, which will wait on as “the core of a transparent ecosystem.” The token is presently within the presale section and is scheduled for itemizing on June 30.
📢 We’re proud to stutter the legit launch of $BYRL token.$BYRL is the core of transparently ecosystem, designed by Bybit_Official, born on Solana.
🌐 Presale is delivery: https://t.co/MzJEUq5Pci
🗓️ Itemizing date: 30 June 2025
🔒 Audited. Clear. Community-first. pic.twitter.com/AAQVqZeyv6— BryeaI (@TaguchiHome) June 15, 2025
The alternate’s testnet will launch on June 30, with the corpulent platform anticipated to lag dwell earlier than the head of September.
Bybit’s pass comes two months after the alternate shuttered its NFT Market, Inscription Market, and Preliminary DEX Offerings. The alternate additionally axed its Cloud Pockets, Swap & Bridge, and Keyless Pockets.
With Solana already having a success DEXs like Raydium, Pump.relaxing’s PumpSwap, and Jupiter, it’s to be considered whether or no longer Byreal will receive common adoption when it launches.
