Bybit, the prominent cryptocurrency exchange, is set to introduce its first on-chain decentralized exchange (DEX) named Byreal, with a launch slated for the third quarter of 2025.
The Byreal DEX will operate on the Solana blockchain, and its testnet version is anticipated to go live by the end of June.
The decision to build on Solana has received a favorable response from the market, as the price of SOL, the blockchain’s native token, surged over 7% following the announcement.
“Not Just Another DEX”: Bybit’s First-Ever Solana Exchange Coming Q3 2025
On June 15, Bybit CEO Ben Zhou took to X to emphasize that Byreal is not merely “another DEX,” but rather a platform that merges “CEX-grade liquidity with DeFi-native transparency.”
In a tweet, Zhou announced: “Byreal — our first onchain DEX incubated by Bybit, will be LIVE by end of the month. Starting from scratch and now born on Solana. what’s special: 1/ CEX + DEX synergy Byreal isn’t ‘just another DEX.’ It’s combining CEX-grade liquidity with DeFi-native transparency. https://t.co/JU60e4zHQ4
— Ben Zhou (@benbybit) June 15, 2025
Zhou also remarked that this hybrid DEX would incorporate unified liquidity and fast transaction speeds, designed around Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing.
The RFQ process allows buyers and sellers to solicit price quotes from various providers to secure the best deal. By leveraging Solana, Byreal will be able to gather cryptocurrency pricing from platforms such as Raydium, Jupiter, and Meteora, thus offering traders advantageous pricing options.
On the other hand, CLMM refers to an Automated Market Maker (AMM) featured in decentralized finance (DeFi) that enables liquidity providers to pool capital within defined price ranges instead of spreading it across the entire spectrum.
Zhou stated that Byreal aims to facilitate users with low-slippage and miner extractable value (MEV)-protected transactions, all conducted swiftly.
The Byreal team asserts that their DEX is designed to “transform fragmented liquidity into unified opportunity.”
“Byreal is built to turn fragmented liquidity into unified opportunity. Testnet launching on Jun 30. Mainnet coming Q3 2025. Built with conviction. Powered by Solana. Backed by Bybit. This is Byreal.”
— Byreal (@byreal_io) June 15, 2025
The testnet is scheduled for launch on June 30, with the mainnet anticipated in Q3 2025.
How Bybit Just Unlocked Gold, Stocks & Forex Trading
This announcement follows Bybit’s recent enablement of trading for gold, stocks, forex, and indices directly through its app.
CEO Ben Zhou unveiled this new feature during a live stream on May 3. In a significant expansion, the exchange has included trading options for blue-chip U.S. stocks, such as Apple and MicroStrategy, as well as commodities like gold and crude oil.
These developments have cemented Bybit’s status as the second-largest cryptocurrency exchange globally in terms of trading volume, according to CoinMarketCap.
Furthermore, the Dubai-based exchange has recently solidified its European presence by securing a Markets in Crypto-Assets Regulation (MiCAR) license from Austria’s Financial Market Authority (FMA), allowing it to offer regulated cryptocurrency services across 29 countries in the European Economic Area and potentially serve up to 500 million users.
Why Byreal DEX News Could Push Solana Past $250
Following the announcement of Byreal, Solana’s price has reacted positively, with SOL climbing 7.9% in just 24 hours, rising from a low of $144.36 to $156.53 at the time of reporting, according to Finance Newso.
This increase has forged a bullish trend reminiscent of the setup seen in 2024, prior to a rally that saw SOL reach $250, fueling expectations that it may soon surpass the $200 psychological barrier.
$Sol #Sol Getting Ready For Another Rally, Currently Consolidating Within Tight Bullish Pennant Range, Expecting Move Towards 185$ (Horizontal Resistance Area) After Pennant Breakout, And If Solana Managed To Close Above 185$ In Daily Tf, Then It Can Cross 250$ in Coming Days https://t.co/soTpNlLMdt
— World Of Charts (@WorldOfCharts1) June 16, 2025
Additionally, speculation is growing around the potential approval of U.S. ETFs for cryptocurrencies, contributing further to market optimism.
Eric Balchunas, a Bloomberg ETF analyst, suggested that the SEC could approve cryptocurrency ETFs linked to altcoins like Solana as early as next month.
“Approval odds for a $SOL ETF have climbed to 92%, according to Polymarket. If confirmed, expect a major capital rotation into altcoins. Don’t just watch it happen — be ready.” https://t.co/xMXKXHb2g8
— Thomas Kralow (@TKralow) June 15, 2025
According to the prediction market Polymarket, the likelihood of a SOL ETF being approved has reached 92%.
The post SOL Surges 7% as Bybit Prepares to Launch Major Solana-Based DEX ‘Byreal’ appeared first on Finance Newso.
