Crypto Exchange Bybit has announced that it aims to publish its new Exchange decentralized byreal, based in Solana, in the third quarter, with a testnet version which was released at the end of June.
In a post X on Sunday, the director general of Ben Zhou added that what makes the new special exchange is that it has Cex (Centralized Exchange) and Dex Synergy.
“Byreal is not only another DEX,” he said, adding that he combines “Cex quality liquidity with defective transparency”.
“This is what real hybrid finance looks like,” he said.
“We are building the ONCHAIN extension of a global exchange, combining CEX quality liquidity with transparency in common,” said the Byreal team, adding that the Testt is launched on June 30 and that the Mainnet will arrive in the third quarter, 2025.
It’s official. Byreal is here.
Incubated by @Bybit_officialborn on @Solana.
Byreal is a new ONCHAIN liquidity network for the next wave of assets – where real value is listed, discovered and exchanged transparently. pic.twitter.com/Sedokdzckw
– Byreal (@byreal_io) June 15, 2025
Byreal built with advanced routing
Zhou said that Byreal will have “unified liquidity and speed” and was designed with the RFQ (quote request) and CLMM (Fenturated Liquidity Market Maker) routing.
“Byreal gives users with low shift exchanges and protected by the MEV at a serious speed,” he said.
RFQ is when a buyer or a seller requests quotes from one or more sources to find the best price. CLMM allows liquidity suppliers to concentrate their capital in specific price ranges where they expect the business to occur, creating much deeper liquidity around the current market price.
In relation: Bybit denies the registration fees of $ 1.4 million, the promotional charges of the school on X
Bybit Dex enters a crowded market
Bybit Dex is entering a competitive market for decentralized exchanges with Uniswap as a market leader with a share of 24% and 4.9 billion dollars of total locked value, according to Defilma.
Curve Dex and Pancakeswap follow with $ 1.9 billion and $ 1.7 billion of total locked value, respectively.
Dex TVL is $ 20.3 billion, 75% compared to its top of $ 80 billion in November 2021.
Solara Dex scene
Although Solana was mainly used for mint and mechanical trade, there are a number of decentralized exchanges on the network.
The largest is Raydium, who has $ 1.7 billion on TVL and a market share of 55% of the total locked in the Solana ecosystem.
The use of Raydium jumped in January when the same merchants flocked to the DEX to exchange pump tokens. Fun Marketplace; However, the volume sang by 88% since then, Defillama reported.
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