Bybit is about to introduce Byreal, its own new on-chain DEX powered by the Solana blockchain. This launch represents a significant strategic change for Bybit. The news follows the company’s announcement last week of a record $1.4 billion loss due to a recent hack. Byreal is set to launch at the end of this month. Its mainnet launch isn’t scheduled until Q3 of 2025.
Byreal represents Bybit’s exciting entrance into hybrid finance. Their goal is to create a strong, productive synergy between CeFi and DeFi, opening public finance for more participants and use cases. On June 15, 2025, CEO Ben Zhou tweeted at their launch of the new DEX. He showcased its distinguishing features and described why it was strategically important. Byreal stands out from traditional decentralized exchanges with its CEX + DEX synergy.
Strategic Shift and Service Adjustments
Byreal comes as a surprise, following Bybit’s announcement that it would be stopping the provision of various services. These services are Cloud Wallet, Keyless Wallet, NFT marketplace, DEX Pro and Swap & Bridge. This strategic realignment reflects Bybit’s commitment to pioneering new solutions to create vibrant DeFi ecosystems. Byreal is the first on-chain DEX incubated end-to-end by Bybit.
This latest development reinforces Bybit’s determination to stay ahead of the curve in the fast-changing world of digital finance. The company has channeled its resources into developing a platform that leverages the strengths of both centralized and decentralized systems. Bybit is committed to providing a more comprehensive and secure trading experience for global users through Byreal.
Byreal's Unique Features and Ecosystem Support
Bybit created bbSOL with input from other major Solana ecosystem players, including Sanctum, Kamino Finance, Orca and Solayer. This collaboration underscores the key partnerships Bybit has nurtured in the blockchain ecosystem. To address the needs of its community, Byreal has developed an honest launchpad and a variety of curated vaults to foster dynamic ecosystem involvement.
Focusing on transparency, accessibility, and equity, the fair launchpad is your go-to place for guiding new projects. The curated vaults have specific features that promote and create incentives to participate in the broader Solana ecosystem. Bybit has uniquely developed Byreal from the ground up, making sure that it fits the company’s vision for hybrid finance.
Solana Integration and Future Prospects
Byreal's decision to operate on the Solana blockchain is strategic, leveraging Solana's high throughput and low transaction costs. The Byreal advantage This integration empowers Byreal to provide their users with a fast, unified trading experience. Bybit envisions Byreal as an important building block in its overall strategy to adopt hybrid finance.
With Bybit’s focus on innovation and strategic partnerships, Byreal is set to be a strong contender in the ever-changing DeFi landscape. The launch of Byreal also represents an important step in Bybit’s evolution. As such, it seeks to reposition itself in the growing digital asset space. Bybit anticipates that Byreal will attract a diverse range of users and contribute to the growth of the Solana ecosystem.
