{"id":485302,"date":"2025-06-16T11:50:54","date_gmt":"2025-06-16T10:50:54","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=485302"},"modified":"2025-12-13T00:59:35","modified_gmt":"2025-12-13T00:59:35","slug":"bybit-launches-solana-native-on-chain-dex-byreal-as-average-global-swap-volume-jumps-16","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bybit-launches-solana-native-on-chain-dex-byreal-as-average-global-swap-volume-jumps-16\/","title":{"rendered":"Bybit launches Solana on-chain CeDeFi app Byreal as DEX volume jumps 16%"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/bybit\/\">Bybit<\/a>, one of the world\u2019s most active crypto <a href=\"https:\/\/www.statista.com\/statistics\/864738\/leading-cryptocurrency-exchanges-traders\/\">derivatives exchanges<\/a>, has announced the launch of <strong>Byreal<\/strong>, a decentralized exchange (DEX) built on <strong>Solana<\/strong>, marking its most aggressive push yet into DeFi.<\/p>\n<p>The move signals a broader pivot toward hybrid finance, where centralized liquidity meets decentralized transparency.<\/p>\n<p>\u201cByreal isn\u2019t &#8216;just another DEX.' It\u2019s combining CEX-grade liquidity with DeFi-native transparency,\u201d <a href=\"https:\/\/x.com\/benbybit\/status\/1934105274975158614\">tweeted<\/a> CEO <strong>Ben Zhou<\/strong> in a press note released on June 15.<\/p>\n<p>The statement, part of a broader thread, emphasized Byreal\u2019s ambition to combine the \u201cCEX-grade liquidity\u201d of Bybit with the auditability and self-custody of DeFi.<\/p>\n<h2>CeDeFi takes shape<\/h2>\n<p>Byreal is set to <a href=\"https:\/\/x.com\/byreal_io\/status\/1934085435212308789\">enter<\/a> testnet by <strong>June 30<\/strong>, with a <a href=\"https:\/\/x.com\/byreal_io\/status\/1934085443290857972\">mainnet launch<\/a> scheduled for <strong>Q3 2025<\/strong>. According to CryptoBriefing\u2019s exclusive first look, the DEX uses a blend of <strong>RFQ (Request for Quote)<\/strong> and <strong>CLMM (Concentrated Liquidity Market Maker)<\/strong> routing, aiming to\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">offer<strong> slippage<\/strong><\/span><strong>, MEV-resistant trades<\/strong>, deemed key pain points for DeFi traders.<\/p>\n<p>The platform also introduces a novel \u201c<strong>Reset Launch<\/strong>\u201d mechanism for fair token launches and a <strong>Revive Vault<\/strong> yield product built around <strong>bbSOL<\/strong>, a Bybit-native version of staked Solana.<\/p>\n<p>Byreal arrives at a time when <strong>DEX volumes are resurging<\/strong>: weekly totals recently averaged above <strong>$10 billion<\/strong> for the first time since 2021, a <a href=\"https:\/\/defillama.com\/dexs\">16% spike<\/a> according to DeFiLlama.<\/p>\n<figure id=\"attachment_485347\" aria-describedby=\"caption-attachment-485347\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-485347 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-16-at-11.40.49-1024x460.png\" alt=\"DEX volume (Source: DefiLlama)\" width=\"1024\" height=\"460\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-16-at-11.40.49-1024x460.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-16-at-11.40.49-300x135.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-16-at-11.40.49-768x345.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-16-at-11.40.49-1536x689.png 1536w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-16-at-11.40.49.png 1582w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-485347\" class=\"wp-caption-text\">DEX volume (Source: DefiLlama)<\/figcaption><\/figure>\n<p>Meanwhile, Solana\u2019s resurgence, buoyed by sustained <a href=\"https:\/\/status.solana.com\/\">100% uptime<\/a> in 2025 and peak transaction speeds over <a href=\"https:\/\/solana.com\/news\/solana-summer\">65,000 TPS<\/a>, makes it a strategic base layer for scalable on-chain infrastructure.<\/p>\n<h2>Why it matters<\/h2>\n<p>Bybit\u2019s Solana-native DEX marks a watershed for <strong>CeDeFi<\/strong>, the increasingly favored hybrid model among exchanges seeking to retain user trust while expanding on-chain.<\/p>\n<p>With major CEXs like Coinbase doubling down on <a href=\"https:\/\/cryptoslate.com\/coinbase-stakes-its-claim-as-ethereums-largest-independant-node-operator\/\">Ethereum L2s<\/a>, Bybit\u2019s Solana route puts it on a divergent yet competitive path, one that could accelerate the <strong>volume flippening<\/strong> between centralized and decentralized trading.<\/p>\n<p>It also marks a reputational reboot: Byreal is the first major product launch since <strong>Bybit\u2019s $1.4 billion <a href=\"https:\/\/cryptoslate.com\/bybit-ceo-reveals-hackers-laundering-stolen-ethereum-via-bitcoin-mixers\/\">hack<\/a><\/strong> in February, which forced the exchange to seek emergency liquidity from <strong>Binance<\/strong> and <strong>Bitget<\/strong>. Its in-house Web3 suite was shuttered shortly after. By moving liquidity on-chain, Bybit appears to be making a play for innovation and trust.<\/p>\n<h2>The open questions & what\u2019s next<\/h2>\n<p>Despite its ambitions, several elements remain unconfirmed: <strong>no audit partners have been announced<\/strong>, and details on liquidity provisioning, especially how Byreal will attract market makers, are yet to be disclosed.<\/p>\n<p>Regulatory treatment is also a looming wildcard. While branded as a DEX, Byreal is incubated by a centralized exchange, raising the possibility that authorities may still consider it a custodial platform in disguise.<\/p>\n<p>If Byreal succeeds, it could pressure rivals like <strong>Uniswap<\/strong>, <strong>PancakeSwap<\/strong>, and <strong>Coinbase<\/strong> to rethink their decentralization narratives. If it fails, it may become a case study in the limitations of CeDeFi when neither side of the hybrid is fully convinced.<\/p>\n<p>The bet is on, and Solana is at the table.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bybit, one of the world\u2019s most active crypto derivatives exchanges, has announced the launch of Byreal, a decentralized exchange (DEX) built on Solana, marking its most aggressive push yet into DeFi. The move signals a broader pivot toward hybrid finance, where centralized liquidity meets decentralized transparency. \u201cByreal isn\u2019t &#8216;just another DEX.&#8217; It\u2019s combining CEX-grade liquidity [&hellip;]<\/p>\n","protected":false},"author":1264,"featured_media":485336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,77472,39],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bybit launches Solana on-chain CeDeFi app Byreal as DEX volume jumps 16%<\/title>\n<meta name=\"description\" content=\"Bybit&#039;s hybrid finance strategy with &#039;Byreal&#039; on Solana aims to merge CEX liquidity and DeFi transparency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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