CEO of Bybit, Ben Zhou, has announced the upcoming launch of Byreal, the first decentralized exchange (DEX) set to be available by the end of this month.
Overview of Byreal
Byreal, built on the Solana network, promises to be an innovative platform in the cryptocurrency market with its unique characteristics. CEO Ben Zhou emphasized that Byreal is not just another DEX in the market.
Hybrid Structure and Technologies
According to Zhou, Byreal combines CEX-level liquidity with the transparency of DeFi. A key technological innovation is the routing system based on RFQ (request for quote) and CLMM (concentrated liquidity market maker), allowing users to execute MEV (maximum extractable value) protected transactions with low slippage.
Future Plans
Ben Zhou also noted that the team working on the project was small but dedicated, and he expressed pride in what they have achieved. In the future, Bybit plans to launch projects that will integrate centralized and decentralized functionalities.
The launch of Byreal marks a significant step in the development of decentralized finance and highlights Bybit's commitment to innovation in the cryptocurrency industry.
