Bybit has officially announced the launch of Byreal, its first on-chain decentralized exchange incubated by the company. Expected to go live by the end of June 2025, Byreal will aim to create a robust synergy between centralized exchange (CEX) liquidity and decentralized finance (DeFi) transparency. Ben Zhou, the CEO of Bybit, emphasized that Byreal is not just another DEX but seeks to provide a new on-chain liquidity network tailored for the next generation of crypto assets.
The DEX is positioned to facilitate transparent trading and asset discovery, focusing on real value in the crypto market. This move comes as a part of the growing adoption of the Solana blockchain, which is becoming a preferred choice for new projects seeking high performance and reliability.
Experts note that the introduction of Byreal could mark a significant positive impact on the price of Solana's native token, SOL. Zhou stated, “Combining CEX and DEX functionalities could lead to new opportunities and greater market participation.”
The DEX is positioned to facilitate transparent trading and asset discovery, focusing on real value in the crypto market. This move comes as a part of the growing adoption of the Solana blockchain, which is becoming a preferred choice for new projects seeking high performance and reliability.
Experts note that the introduction of Byreal could mark a significant positive impact on the price of Solana's native token, SOL. Zhou stated, “Combining CEX and DEX functionalities could lead to new opportunities and greater market participation.”
