Crypto exchange Bybit has revealed its first decentralized exchange (DEX) called Byreal, set to go live on June 30, 2025. Built on the Solana blockchain, Byreal blends key elements of centralized and decentralized finance, aiming to provide a smooth and efficient trading experience for users.

This new development follows Bybit’s earlier decision to scale back several Web3 services after facing a major security incident. With Byreal, the platform shifts focus toward secure, user-friendly tools that support both speed and transparency.

What Is Byreal?

Byreal is designed as a hybrid DEX, combining centralized exchange features such as fast order matching with the openness and self-custody of decentralized platforms. Users can expect low-slippage trading, protection from MEV (Miner Extractable Value) attacks, and access to yield vaults like bbSOL, a Solana-based staking solution.

This strategy reflects Bybit’s goal of merging the benefits of traditional trading platforms with the security and flexibility of blockchain-based systems.

Why Solana?

The Solana blockchain was chosen due to its high-speed, low-cost infrastructure. Its ability to process thousands of transactions per second makes it a practical base for DeFi products requiring quick execution and low fees. Solana’s growing ecosystem also means more opportunities for integrated trading and liquidity across decentralized apps.

With Solana’s architecture, Byreal supports features such as:

• Low transaction fees

• Fast settlement

• High compatibility with other Solana-based assets and projects

This makes it suitable for both beginner and advanced traders looking for efficient tools without giving up transparency or control.

Key Features of Byreal

Byreal includes several unique features to improve trading in a decentralized environment:

• MEV Protection: Helps prevent front-running and other exploits that affect transaction outcomes.

• Low-Slippage Trades: Ensures more accurate pricing and stable execution, even with larger orders.

• Curated Yield Vaults: Provides access to passive income opportunities through strategies like bbSOL.

• Integrated Order Flow: Offers smooth order handling using systems similar to centralized exchanges.

These features are designed to help users manage risk and maximize returns while maintaining full control of their assets.

Bybit’s Strategic Pivot

This new product reflects a change in direction for Bybit. Earlier this year, the company discontinued several Web3 tools following a serious breach that affected its decentralized services. Since then, the platform has been focusing on core products that combine reliability with cutting-edge blockchain tech.

With Byreal, Bybit is turning attention back to the DeFi space — this time with stronger safety measures and a focus on performance and user trust. The platform will include built-in monitoring tools, regular audits, and simplified interfaces to ensure a secure and smooth trading experience.

Market Response

The timing of this development comes during strong price action across the crypto market. Solana (SOL) has seen a 6.76% gain, currently trading around $157.26, which may attract more attention to Solana-based platforms like Byreal.

Across the board, the CoinDesk Market Index rose by 1.39%, and Bitcoin spot ETFs reported over $1.37 billion in inflows last week. These trends suggest renewed investor interest in both Bitcoin and altcoins, and growing support for hybrid trading environments.

Meanwhile, Maple Finance’s SYRUP token recorded an 11.6% increase, showing that decentralized lending and yield services continue to attract institutional capital. These market conditions could create momentum for tools like Byreal that offer both access and control.

What Traders Should Know

Byreal will support trading pairs such as SOL/USDT and BBSOL/USDT, offering efficient swaps and strong liquidity. Users looking for ways to earn yield or avoid typical risks seen on DeFi platforms may find this hybrid system attractive.

The added MEV protection ensures safer execution, especially during volatile market movements, while the yield vaults allow for passive earning strategies.

As other centralized exchanges explore similar paths, Bybit’s move into hybrid finance could lead to broader industry changes. Combining the ease of centralized platforms with the power of blockchain could become a standard model in the next phase of crypto development.