news 
**Bybit Announces Byreal Decentralized Exchange on Solana Network**
In a recent announcement, cryptocurrency exchange giant Bybit has revealed plans to launch its own decentralized exchange (DEX) called Byreal, which will be built on the Solana blockchain network. The platform is set to debut in Q3 2025, with a testnet version expected to go live by June 30.
According to CEO Ben Zhou, Byreal aims to bridge the gap between traditional centralized exchanges and decentralized trading services, offering a unique hybrid approach that combines the benefits of both worlds. By combining “CEX-grade liquidity with DeFi-native transparency,” Bybit hopes to attract both traditional crypto traders and DeFi users under one roof.
The platform’s architecture is designed to optimize trading through advanced routing technology using RFQ (Request for Quote) and CLMM (Concentrated Liquidity Market Maker) systems. This combination enables low-slippage and MEV-protected swaps at serious speed, making Byreal an attractive option for traders seeking efficient trading experiences.
The launch of Byreal marks a significant shift in Bybit’s strategy as the company expands its DeFi offerings and seeks to capitalize on the growing popularity of Solana-based decentralized exchanges. The testnet launch will serve as a crucial testing ground for Byreal’s technology, paving the way for the mainnet launch in Q3 2025.
Bybit’s entry into the Solana DEX space is expected to create stiff competition among existing players, particularly Raydium, which dominates the Solana-based decentralized exchange landscape with $1.7 billion in total value locked (TVL) and a significant market share of 55%.
The Byreal platform will need to navigate these challenges and demonstrate its competitive edge if it hopes to attract a substantial user base and drive growth. As such, the project’s success hinges on its ability to effectively integrate centralized liquidity with decentralized trading features.
In conclusion, the launch of Byreal signals a bold move by Bybit to strengthen its position in the crypto market while expanding its offerings into the Solana-based DEX ecosystem.
Source: coincentral.com
