{"id":24717,"date":"2025-06-16T14:25:08","date_gmt":"2025-06-16T11:25:08","guid":{"rendered":"https:\/\/forklog.com\/en\/bybit-to-launch-hybrid-solana-exchange-byreal\/"},"modified":"2025-06-16T14:25:08","modified_gmt":"2025-06-16T11:25:08","slug":"bybit-to-launch-hybrid-solana-exchange-byreal","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bybit-to-launch-hybrid-solana-exchange-byreal\/","title":{"rendered":"Bybit to Launch Hybrid Solana Exchange Byreal"},"content":{"rendered":"<p>Cryptocurrency exchange Bybit has announced the launch of Byreal, a hybrid DEX offering &#8220;centralized platform-level liquidity.&#8221;<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Announcing Byreal \u2014 our first onchain DEX incubated by Bybit, will be LIVE by end of the month. Starting from scratch and now born on Solana. what&#8217;s special: 1\/ CEX + DEX synergy Byreal isn\u2019t \u201cjust another DEX.\u201d It\u2019s combining CEX-grade liquidity with DeFi-native transparency.\u2026 <a href=\"https:\/\/t.co\/JU60e4zHQ4\">https:\/\/t.co\/JU60e4zHQ4<\/a><\/p>\n<p>\u2014 Ben Zhou (@benbybit) <a href=\"https:\/\/twitter.com\/benbybit\/status\/1934105274975158614?ref_src=twsrc%5Etfw\">June 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the company&#8217;s head, Ben Zhou, the Solana-based trading platform will feature high speed and protection against MEV.<\/p>\n<p>The testnet launch is expected on June 30, with mainnet deployment slated for the third quarter.<\/p>\n<p>Zhou explained that the new DEX employs <span data-descr=\"Request for quotation\" class=\"old_tooltip\">RFQ<\/span>-based routing and <span data-descr=\"concentrated liquidity market maker\" class=\"old_tooltip\">CLMM<\/span>. He stated that such architecture is efficient, minimizing slippage and manipulation.<\/p>\n<p>Plans also include launching a &#8220;new type&#8221; of token launchpad and yield &#8220;vaults&#8221; for crypto assets like bbSOL.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201c<span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span> and DEX can work in harmony, enhancing each other,\u201d <a href=\"https:\/\/x.com\/calilyliu\/status\/1934113434502562284\">shared<\/a> Solana Foundation President Lily Liu.<\/cite><\/p><\/blockquote>\n<h2 class=\"wp-block-heading\">The Rise of Non-Custodial Exchanges<\/h2>\n<p>DEXs are gaining popularity, with the share of non-custodial trading platforms exceeding 25% of CEX volumes, a record high.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/dex-non-custodial\/dex-to-cex-spot-trade-volume\/embed\" title=\"DEX to CEX Spot Trade Volume (%)\"><\/iframe><\/p>\n<p>Over the past 30 days, the cumulative turnover of decentralized exchanges reached $405 billion. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"586\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/DeFiLlama-8-1024x586.png\" alt=\"DeFiLlama-8\" class=\"wp-image-260530\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/DeFiLlama-8-1024x586.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/DeFiLlama-8-300x172.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/DeFiLlama-8-768x439.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/DeFiLlama-8-1536x879.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/DeFiLlama-8.png 1554w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">DEX turnover dynamics. Data: <a href=\"https:\/\/defillama.com\/dexs\">DeFi Llama<\/a>. <br \/><\/figcaption><\/figure>\n<p>PancakeSwap leads the way, significantly outpacing former segment leader Uniswap \u2014 $132 billion versus $93 billion.<\/p>\n<p>CEO of venture firm Hashed, Simon Kim, <a href=\"https:\/\/x.com\/simonkim_nft\/status\/1929045935943987686\">suggested<\/a> that by 2028, DEXs will surpass CEXs in trading volume. He also described non-custodial platforms as the &#8220;core&#8221; of blockchain financial ecosystems.<\/p>\n<p>In May, BNB Chain <a href=\"https:\/\/forklog.com\/en\/news\/bnb-chain-surpasses-ethereum-and-solana-in-dex-trading-volume\">surpassed<\/a> Ethereum and Solana in trading volume on decentralized exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Bybit has announced the launch of Byreal, a hybrid DEX offering &#8220;centralized platform-level liquidity.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":24716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1151,787,1159],"class_list":["post-24717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bybit","tag-dex","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24717"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24716"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}