Bybit Steps Into DeFi With Solana-Based Platform

Bybit is venturing beyond centralized trading with the upcoming launch of its decentralized exchange, Byreal, built on the Solana blockchain.

The platform will debut its testnet on June 30, with the mainnet rollout planned for later this year.

Unlike traditional DeFi platforms, Byreal aims to bring the efficiency of centralized exchanges—like fast execution and deep liquidity—into a decentralized setting. It introduces innovative mechanisms such as Request-for-Quote (RFQ) trading and Concentrated Liquidity Market Maker (CLMM) routing, both designed to protect users from MEV attacks and ensure smoother price execution.

One of its standout features is the “Reset Launch” system, which promises more equitable token distributions using tools like Smart Price Laddering and the Faishare Engine. Byreal will also offer yield strategies through its Revive Vault, initially focused on Solana-native assets like bbSOL.

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Bybit CEO Ben Zhou views Byreal as part of the exchange’s broader pivot toward hybrid finance—a model that blends the control of DeFi with the usability of centralized platforms. This move distinguishes Bybit from other major exchanges focusing on Layer 2 rollouts.

The timing is notable, as decentralized trading volumes have seen a resurgence recently. Bybit, still recovering from a major security breach earlier this year, is doubling down on product innovation, including its recent expansion into traditional markets like equities and commodities.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.