Global renowned cryptocurrency exchange Bybit is set to launch its first incubated on-chain decentralized exchange (DEX) Byreal by the end of May 2025, marking an important step for Bybit's official entry into the decentralized finance (DeFi) field. Byreal was born in the Solana ecosystem, standing out with its unique CEX-DEX collaborative model and Solana native architecture, different from typical DeFi clone projects. Bybit CEO Ben Zhou announced this news through the social media platform X and emphasized that its hybrid exchange model is a key innovation, although technical details are not yet fully disclosed. This development is expected to provide cryptocurrency traders with a more flexible and efficient trading experience, while also demonstrating Bybit's ambitions for expansion in the cryptocurrency ecosystem.
Bybit to Launch First On-chain DEX Byreal by Month's End, Born in Solana Ecosystem
Bybit CEO Ben Zhou announced through the X platform that the exchange's first incubated on-chain decentralized exchange Byreal will be launched by the end of May. The platform stands out through CEX-DEX collaboration and Solana native architecture.
Unlike typical DeFi clone projects, Byreal is a purpose-built solution born from the Solana ecosystem. Zhou emphasized that its hybrid exchange model is a key innovation, although technical details have not yet been disclosed.
