Byreal, a new decentralized exchange (DEX) platform on world’s fastest-growing Solana blockchain. Mark your calendars today because it’s debuting its testnet on June 30, 2025! Incubated by Bybit, the platform aims to revolutionize decentralized finance by combining the transparency of DEXs with the liquidity and speed of centralized exchanges (CEX). Byreal is expected to release its mainnet in Q3 2025. In order to improve trade quality and liquidity management, it will bring an advanced mechanism such as RFQ (Request for Quote), CLMM (Concentrated Liquidity Market Maker).
Byreal’s launch comes at a time when DEXs have an aggregate total value of approximately $20.3 billion. This is quite a drop from the $80 billion high in November 2021. Byreal is betting on process efficiency and innovative technologies to capture user adoption. Moreover, they’re strategically using the power of CEX and DEX model synergy to significantly increase participation in decentralized trading.
Innovative Mechanisms: RFQ and CLMM
Byreal distinguishes itself through two key mechanisms: Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM). RFQ mechanism Improving trade quality by allowing the trader or user to request quotes and receive responses directly from liquidity providers. This approach guarantees optimized pricing and mitigates slippage.
The CLMM mechanism makes concentrated liquidity market making possible, letting liquidity providers deliberately concentrate their capital within narrower price brackets. This concentrated approach not only maximizes capital efficiency, but it offers traders much tighter spreads.
Collectively, these mechanisms aim to provide a more seamless and efficient trading experience that benefits end investors. They address almost all of the same key building blocks that plague traditional DEX platforms.
Bybit's Backing and Vision for Byreal
Bybit’s CEO, Ben Zhou, called the launch of Byreal “an exploration” of decentralized exchange and claimed that it was different from traditional DEXes. Specifically, he noted the platform’s goal to provide low-slippage swaps shielded from MEV (Maximal Extractable Value) at a speed and efficiency that would be truly impressive.
"low-slippage swaps protected from MEV (Maximal Extractable Value) with remarkable speed" - Zhou
Bybit’s incubation of Byreal is a clear sign of the company’s vision to bring together the best of centralized finance and decentralized finance. As an incubator for development and ingenuity, The Byreal’s development benefited from the full support of the exchanges, bringing them expertise and resources.
"Annunciando Byreal — il nostro primo DEX onchain incubato da Bybit, sarà LIVE entro la fine del mese. Partendo da zero e ora nato su Solana. cosa c’è di speciale: 1/ Sinergia CEX + DEX Byreal non è “solo un altro DEX.” Sta combinando la liquidità di livello CEX con la trasparenza nativa DeFi…" - Ben Zhou
Real takes advantage of the Solana blockchain’s speed and cost-effectiveness. Its high throughput and low transaction costs makes it the absolutely perfect environment for decentralized trading. Solana has gained a lot of attention recently for its extraordinary ability to process a huge number of transactions. This has been notably evident through the minting and trading of memecoins.
Revitalizing DEXs on the Solana Blockchain
Byreal intends to leverage these capabilities to provide traders with a streamlined, engaging and most efficient trading experience. The platform’s launch comes as cryptocurrency traders are seeing a renewed interest in DEXs. It addresses some of the most important problems such as slippage and MEV that have contributed to users fleeing.
Byreal plans to incorporate the best elements of centralized exchanges (CEXs) and decentralized exchanges (DEXs). This new orientation might help attract a more diverse crowd, attracting experienced DeFi users and newcomers alike. Through unparalleled user experience and cutting-edge technological innovation, Byreal is on track to lead the industry as a benchmark for decentralized exchanges.
Byreal's focus on combining the best aspects of CEXs and DEXs could attract a broader audience, including both experienced DeFi users and newcomers to the space. By focusing on user experience and technological innovation, Byreal aims to set a new standard for decentralized exchanges.
