Crypto exchange Bybit plans to unveil its new Solana-based decentralized exchange Byreal in the third quarter, with a testnet version scheduled for the end of June. Bybit CEO Ben Zhou highlighted the unique feature of Byreal, combining centralized exchange (CEX) and decentralized exchange (DEX) synergy. Byreal aims to offer CEX-grade liquidity alongside DeFi-native transparency, representing a hybrid financial model. The exchange will prioritize unified liquidity and speed, incorporating RFQ and CLMM routing for low-slippage, MEV-protected swaps. Bybit's entry into the DEX market, led by Uniswap, Curve DEX, and PancakeSwap, reflects a competitive landscape with evolving total value locked (TVL) figures. While Solana has been associated with memecoin trading, Byreal seeks to establish a strong presence with its innovative approach to decentralized finance. Read more AI-generated news on: https://app.chaingpt.org/news