Bybit, a cryptocurrency exchange, plans to launch its new Solana – based decentralized exchange (DEX) called Byreal in the third quarter of 2025. The testnet of Byreal will be launched on June 30.
Byreal is a decentralized exchange incubated by Bybit and natively built on the Solana chain. It aims to integrate global liquidity and redefine the discovery and trading mechanism of on – chain assets. What makes Byreal special is that it combines the liquidity of centralized exchanges (CEX) with the transparency of decentralized finance (DeFi), achieving CEX – DEX synergy. Byreal adopts a hybrid routing of RFQ (Request for Quote) and CLMM (Concentrated Liquidity Market Maker), providing users with a trading experience with low slippage and MEV – protection.
In the future, it will also launch joint issuance projects of CEX and DEX.
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