Hi! You've probably heard that the Bybit exchange is going to launch its first decentralized exchange, Byreal, this month, and not just anywhere, but on the Solana blockchain. It sounds promising, especially considering that Solana is now well-known for its high speed and low fees.
But what's the point here?
Unlike conventional centralized exchanges (CEX), where trading takes place within a single platform, decentralized exchanges (DEX) operate entirely on the blockchain and give users full control over their funds. The problem is that DEX's often suffer from low liquidity and things like slippage and MEV attacks (all sorts of unfair manipulation of transactions before they are confirmed).
Bybit wants to combine the best of both worlds: CEX liquidity and DeFi transparency. Their new product, Byreal— uses a hybrid routing system (RFQ + CLMM), which, according to CEO Ben Zhou, should reduce slippage and make trading more honest and stable.
What does this mean for Solana?
If everything goes according to plan, Solana could receive a decent dose of new liquidity and activity. History shows that when large centralized players enter DeFi, it is often accompanied by a surge of interest and an increase in TVL (total value locked), the total amount of funds locked in DeFi protocols.
At the time of writing (June 15, 2025), Solana is trading at $152.83 with a market capitalization of $77.44 billion, and 24-hour volume has dropped by almost 50%. This may indicate the calm before the storm — perhaps the launch of Byreal will breathe new life into the ecosystem.
The crypto community is still cautious, but generally positive. There have been no specific reactions from regulators or major opinion leaders yet — everyone is waiting for the launch and the first results.
So here's a question for you, friend.:
Do you think hybrid solutions like Byreal can really change the rules of the DeFi game?
