June 2025 is shaping up to be a big month for Bybit, as the global crypto exchange prepares to roll out its very first decentralized exchange (DEX), called Byreal, on the Solana blockchain.
Bybit CEO Ben Zhou recently took to social media to share the announcement, confirming that the project will officially go live by the end of the month. Built from the ground up, Byreal is the first product to come out of Bybit’s internal incubation and is designed to deliver a new kind of trading experience that blends the speed and liquidity of centralized exchanges with the transparency of DeFi.
“Announcing Byreal — our first on-chain DEX incubated by BB, will be LIVE by end of the month. Starting from scratch and now born on Solana,” Zhou said in his post.
What Makes Byreal Different?
Unlike traditional DEXs, Byreal is focused on building a hybrid liquidity model. It combines two powerful trading mechanisms — RFQ (Request for Quote) and CLMM (Concentrated Liquidity Market Maker) — to offer users faster execution, deeper liquidity, and better pricing.
- RFQ allows large traders or institutions to receive real-time quotes from market makers, making it easier to execute high-value trades efficiently.
- CLMM, popularized by Uniswap v3, lets liquidity providers concentrate their assets in specific price ranges, increasing capital efficiency.
By integrating both methods, Byreal aims to provide low-slippage, MEV-protected swaps at high speeds — a major step forward in decentralized trading.
Bridging the Gap Between CEX and DEX
Bybit is marketing Byreal as more than just another DEX — it’s a move towards what the company calls “hybrid finance.” Zhou hinted that more products could be on the way that merge centralized and decentralized technologies.
This development could be especially significant after Bybit’s tough start to the year, when the exchange suffered a massive $1.4 billion ETH hack — one of the biggest in crypto history. While much of that loss remains untraced, Bybit seems to be doubling down on innovation with the launch of Byreal.
What’s Next?
Beta testing for Byreal is expected to begin later this month. If successful, this could mark the beginning of a new era where decentralized finance becomes more efficient, user-friendly, and accessible to both retail and institutional traders.
