Bybit’s Byreal to Link Centralized Exchange Features with DeFi Infrastructure on Solana

Bybit is preparing to launch a new decentralized exchange, called Byreal. The platform will go live on the Solana testnet on June 30. The full launch on the mainnet is expected in the third quarter of 2025.

Byreal is designed as a hybrid exchange. It combines elements of centralized and decentralized trading. The company says it will offer centralized exchange-level liquidity and the transparency of decentralized finance.

Byreal Offers CLMM, RFQ, MEV Protection

Ben Zhou, CEO of Bybit, described Byreal as a product that brings “CEX-grade liquidity with DeFi-native transparency.” The Byreal team called the platform an “onchain extension of a global exchange.”

Byreal will include features like Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing. RFQ allows users to request price quotes from multiple sources. CLMM helps liquidity providers focus their capital within price ranges where trading is most likely to happen. This setup is intended to reduce slippage and improve trade execution.

The exchange is designed to offer fast swaps with protection against MEV. MEV (maximum extractable value) is a factor in DeFi trading that can impact transaction fairness and pricing.

It’s official. Byreal is here.👋🏽Incubated by @Bybit_Official, born on @Solana.Byreal is a new onchain liquidity network for the next wave of assets — where real value is listed, discovered, and traded transparently. pic.twitter.com/seDoKdZCKw

You may find it interesting at FinanceMagnates.com: Bybit Integrates TradingView to Simplify Crypto Market Analysis.

Bybit Expands Services While Handling Breach

In early 2025, Bybit faced a significant cybersecurity breach that led to the loss of over $1.4 billion in assets. The company responded by launching a $140 million bounty program to identify those responsible and improve platform security. Bybit also collaborated with the decentralized custody protocol Safe to address vulnerabilities and manage withdrawal requests.

Bybit has also been expanding its product offerings to enhance user experience and market reach. Recently, the company introduced a Fixed Rate Loan service, enabling users to access peer-to-peer loans with fixed interest rates and terms.

Additionally, Bybit surpassed 30 million registered users globally and increased its market share in spot trading from 2% in 2023 to 11% by April 2024.