Bybit will launch its first decentralized exchange, Byreal, on the Solana blockchain. The testnet will go live on June 30, 2025, with a mainnet launch planned for Q3 2025.
Byreal is part of Bybit’s expansion into decentralized finance. It will offer on-chain trading and aims to replicate features of centralized exchanges like low slippage and deep liquidity.
The company chose Solana to support fast transactions and low fees, making it suitable for high-frequency trading on-chain.
Byreal Introduces RFQ, CLMM, and Anti-MEV Tools
Byreal will use Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing. These help secure accurate pricing and defend against MEV (Maximal Extractable Value) attacks.
To support fair token launches, the exchange will feature a Reset Launch mechanism. It includes Smart Price Laddering and the Faishare Engine for better token allocation and to limit bot interference.
The platform will also introduce a Revive Vault. This feature offers yield options on Solana-based assets, including bbSOL, through a curated vault system.
Byreal Comes After Bybit’s $1.4B Security Breach
Byreal’s launch follows a $1.4 billion security breach at Bybit in February 2025. The platform has since focused on infrastructure and product development.
At the same time, data from DeFiLlama shows that DEX trading volume rose 15% over the past week, showing increased activity across decentralized platforms.
Bybit CEO Ben Zhou referred to Byreal as part of a broader move toward “hybrid finance,” which blends centralized trading infrastructure with decentralized access and transparency.
Bybit Expands Its Product Lineup
Bybit recently added support for U.S. equities, commodities, and index trading, expanding beyond digital assets.
While Coinbase and Kraken focus on Layer 2 scaling, Bybit is deploying Byreal directly on Solana’s mainnet, targeting users seeking fast, on-chain trades.
Byreal positions Bybit alongside decentralized platforms like Uniswap, PancakeSwap, and Hyperliquid.
The June 30 testnet launch will mark the first public version of the platform, with full access expected later in Q3 2025.
