Bybit Launches New Solana-Based DeFi App 'Byreal' as Trading on Decentralized Exchanges Grows 16%

DEX , Monday, 16 June 2025

Posted by Rima Dwi Astuti

Bybit launches Byreal, a new decentralized exchange on Solana

Bybit, one of the busiest crypto trading platforms, is launching a new decentralized exchange (DEX) called Byreal. It’s built on the Solana blockchain and shows Bybit’s big move into decentralized finance (DeFi).

Byreal aims to mix the best of both worlds: the strong trading power of centralized exchanges (CEX) with the open, transparent nature of decentralized exchanges. Bybit’s CEO, Ben Zhou, said it’s not just another DEX—it will combine high liquidity from Bybit with the security and transparency of DeFi.

What’s special about Byreal?

Byreal plans to start testing by June 30, with a full launch expected in the third quarter of 2025.
The platform uses advanced technology to make trading smoother and fairer, reducing common problems like price slippage and unfair trading advantages.
It introduces new features like “Reset Launch” to make token launches fair and a “Revive Vault” to earn rewards using staked Solana tokens.

Why does this matter?

DEX trading is growing again, with weekly trading volumes recently passing $10 billion for the first time since 2021. Solana is a popular choice for fast and reliable blockchain tech, making it a good base for Byreal.

Bybit’s new DEX shows a trend called CeDeFi, which combines centralized and decentralized finance features. This could help Bybit stand out from competitors like Coinbase, which focuses on Ethereum Layer 2 solutions.

This launch is also important for Bybit’s reputation. Earlier this year, Bybit suffered a big hack, losing $1.4 billion. After that, they closed their Web3 division. Byreal represents a fresh start and a way to rebuild trust by moving more trading onto the blockchain.

What’s still unclear?

We don’t know who will audit Byreal to ensure its security.
It’s not yet clear how Byreal will attract enough traders and liquidity to work well.
Since Byreal is started by a centralized exchange, regulators might still treat it like a centralized platform, which could cause legal challenges.

If Byreal works well, it might push other platforms like Uniswap and Coinbase to rethink how decentralized they really are. If it doesn’t, it could show the limits of trying to mix centralized and decentralized finance.

For now, Bybit is betting big on Solana and the future of hybrid crypto trading.