Bybit to Launch Solana-Based DEX ‘Byreal’ on 30 June

Cryptocurrency exchange Bybit plans to introduce Byreal, its first fully on-chain decentralized exchange, before the end of the month. Chief Executive Officer Ben Zhou said the platform is scheduled to go live on 30 June and will run natively on the Solana blockchain, capitalising on the network’s high transaction throughput and low fees.

Byreal is designed to blend traditional exchange liquidity with decentralised finance transparency through a hybrid request-for-quote and concentrated-liquidity market-maker routing system, which Bybit says will reduce slippage for traders. The launch signals the Dubai-based company’s push into on-chain trading as competition intensifies among centralised exchanges seeking to widen their DeFi offerings.