Bybit, under the leadership of CEO Ben Zhou, has announced the launch of its first on-chain decentralized exchange (DEX) Byreal on the Solana platform by the end of this month. This initiative aims to integrate CEX liquidity with DeFi transparency.
Announcement of Byreal's Launch on Solana
The launch of Byreal promises to be an important step in the development of DeFi on Solana. According to Ben Zhou, the new exchange combines the liquidity capabilities of CEX with the advantages of DeFi.
Goals and Advantages of Byreal
Byreal aims to provide trading opportunities with low slippage and protection against MEV through its RFQ + CLMM hybrid routing system. This should enhance liquidity and transparency in decentralized finance.
Impact of Byreal on the Solana Market
It is reported that the launch of new decentralized exchanges managed by centralized operators often leads to temporary increases in ecosystem participation. Ahead of Byreal's launch, there is a rise in interest in the Solana ecosystem and its DeFi applications.
The launch of Byreal could significantly impact DeFi activity and liquidity on Solana, creating new opportunities for users and enhancing the ecosystem.
