🚀🚀Competition Between Exchanges is Increasing: Binance's Recently Introduced Feature Also Announced by Its Rival! 🚀🚀

Bybit's CEO Ben Zhou announced that the company's first on-chain decentralized exchange (DEX), Byreal, will meet users by the end of this month.

Built on the Solana network, Byreal stands out as a hybrid platform that combines the liquidity advantages of centralized exchanges (CEX) with the transparency of the DeFi world, according to Zhou.

Zhou emphasized that Byreal is not an ordinary DEX, stating:

"Byreal combines the liquidity quality of centralized exchanges with the transparency of DeFi. This offers a truly hybrid financial experience. Additionally, new projects that blend CEX and DEX features are also in the preparation stage."

One of Byreal's standout features is the RFQ (request for quote) and CLMM (concentrated liquidity market maker) based routing system. This allows users to trade with low slippage and MEV (maximum extractable value) protection.

Ben Zhou also added:

"We started from scratch and were born on Solana. Byreal provides integrated liquidity and high transaction speed. It was developed with the effort of a small but dedicated team, and I am proud of that."

On the other hand, Binance recently enabled trading of altcoins listed on decentralized exchanges with the Binance Alpha feature.

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