Bybit Unveils Byreal, a Hybrid DEX Built on Solana

Bybit is stepping into the on-chain space with Byreal, a brand-new decentralized exchange constructed on Solana. The testnet goes live June 30, with a full launch expected later this year. Byreal is created to run as a hybrid liquidity network that combines the depth of central exchange (CEX) markets with decentralized financing (DeFi) mechanisms. It will integrate RFQ (Request for Quote) and CLMM (Concentrated Liquidity Market Maker) routing to assist in MEV-protected and low-slippage trades.

Announcing Byreal – our very first on-chain DEX bred by Bybit, will be LIVE by the end of the month. Going back to square one and now born on Solana. Byreal isn’t “just another DEX.” It’s combining CEX-grade liquidity with DeFi-native transparency. This is what genuine hybrid financing looks like. Byreal is also introducing a Reset Launch system: a fair launchpad system built with a smart price ladder and what it calls a “Fairshare Engine.” Furthermore, the platform will host Revive Vaults, curated DeFi yield products beginning with bbSOL.

Byreal is being developed as a new on-chain layer where real, high-demand assets can be traded with deep liquidity. Bybit states it’s meant for both regular users and larger institutional players. Byreal is built to turn fragmented liquidity into unified opportunity. Byreal selected Solana for its transaction speed and scalability, aiming to reach a broader set of users and assets within the Solana ecosystem.

The announcement follows a wave of hybrid product developments in the crypto market as exchanges seek to balance performance, transparency, and on-chain verification. Byreal’s testnet launch is expected at the end of June, with further developments in Q3 as it transitions into mainnet operations.

It’s combining CEX-grade liquidity with DeFi-native transparency. Byreal isn’t just another DEX. Byreal is built to turn fragmented liquidity into unified opportunity. Byreal is constructed to add new users, new assets, and new demand to the ecosystem.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

See Full Bio