Bybit – one of the world's leading centralized cryptocurrency exchanges – officially announces plans to launch Byreal, its first on-chain trading platform, aiming to expand into the decentralized finance (DeFi) sector.
Byreal will operate on the Solana network, with a testnet version expected to launch on June 30, while the mainnet will be deployed in Q3 of 2025.
Byreal: A bridge between CEX and DeFi
According to Bybit, Byreal is a strategic move in the effort to bridge the gap between two trading models: centralized (CEX) and decentralized (DEX). This platform is designed to provide a seamless experience for users, combining the advantages of CEX such as:
High liquidity
Superior order matching speed
Low slippage,
while still maintaining the transparency and control over assets characteristic of DeFi.
Byreal integrates advanced technologies such as:
Request for Quote (RFQ)
Concentrated Liquidity Routing (CLMM)
to counter MEV (Maximal Extractable Value) attacks and optimize price matching capabilities.
Innovation in token distribution and profit generation
Byreal will also introduce groundbreaking mechanisms to expand access and distribute tokens more fairly, including:
The 'Reset Launch' mechanism, using Smart Price Laddering and Faishare Engine to ensure efficient and transparent token allocation.
Revive Vault, a DeFi asset vault that allows users to earn from tokens like bbSOL and other assets in the Solana ecosystem.
Vision for Hybrid Finance
Bybit CEO, Mr. Ben Zhou, remarks that Byreal is an important milestone in the journey to realize the vision of Hybrid Finance – a model that combines the efficiency of CEX and the freedom, transparency of DEX.
Unlike competitors like Coinbase or Kraken, which are focusing on Layer 2 solutions, Bybit chooses a direct approach to the DeFi market, competing with leading DEXs like Uniswap, PancakeSwap, and Hyperliquid.
The launch of Byreal also comes amid signs of a strong recovery in the DeFi market, with trading volume on DEXs increasing by more than 15% in the past week.
After the $1.4 billion security incident in February, Byreal demonstrates Bybit's determination to restructure, enhance core capabilities, and assert its position in the market. At the same time, this exchange has also expanded its product portfolio into traditional fields such as US stocks, commodities, and indices, affirming its direction to become a comprehensive financial platform.
