Bybit has announced the launch of its decentralized exchange (DEX) Byreal's testnet on the Solana platform, marking an important step for the company in decentralized finance (DeFi).
Bybit's Strategic Move into DeFi
The Byreal testnet launch, scheduled for June 30, is part of Bybit's strategic plan to advance in the DeFi space, with a mainnet launch expected in Q3 2025.
CEX and DEX Synergy
CEO Ben Zhou highlighted that Byreal combines centralized exchange (CEX) liquidity with decentralized platform (DEX) transparency. He stated, 'CEX + DEX synergy Byreal isn’t 'just another DEX.' It’s combining CEX-grade liquidity with DeFi-native transparency. This is what real hybrid finance looks like.'
Impact on Solana's Ecosystem
The launch of Byreal primarily affects Solana's ecosystem, boosting liquidity and trading volume. Utilizing a hybrid CEX-DEX model could drive liquidity growth in Solana, providing users with MEV-protected swaps and low slippage options.
The launch of Byreal DEX highlights Bybit's growing role in the DeFi sector and may significantly influence liquidity and market dynamics on Solana.
