Bybit Launches ByReal – A Hybrid Decentralized Exchange on Solana Combining CEX Liquidity with DeFi Transparency

HKAN | June 16

Crypto exchange giant Bybit has officially launched ByReal, a hybrid decentralized exchange (DEX) built on the Solana blockchain. The new platform aims to combine the best of both worlds — the deep liquidity of centralized exchanges (CEXs) with the trustless, transparent nature of DeFi protocols.

 

This strategic move represents a significant step toward bridging the gap between CeFi and DeFi, making advanced trading tools accessible without compromising user control and transparency.

 

What is ByReal?

 

ByReal is designed to offer:

 

High-speed transactions and low fees powered by Solana’s performance

 

Centralized liquidity pools to support deep order books and stable pricing

 

Decentralized execution and on-chain transparency for user security and trust

 

Non-custodial architecture, meaning users maintain control over their assets

 

 

Bybit has positioned ByReal as a next-gen trading platform for users seeking both performance and decentralization.

 

> “ByReal sets a new benchmark for hybrid exchanges, offering users the best of DeFi and CeFi in a single ecosystem,” a Bybit spokesperson said.

 

 

 

Why Solana?

 

Solana was chosen for its high throughput, scalability, and near-instant settlement times, making it ideal for real-time trading experiences. Its low-cost structure also enables competitive fee models compared to Ethereum-based DEXs.

 

Market Impact

 

The launch of ByReal could:

 

Spark increased institutional interest in DeFi products

 

Attract retail traders looking for fast, affordable, and transparent trading options

 

Set a precedent for other exchanges to explore hybrid exchange models

 

 

 

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Final Thoughts

 

Bybit’s launch of ByReal signals a major evolution in crypto trading, blending centralized performance with decentralized values. As users increasingly demand both speed and self-custody, hybrid exchanges like ByReal may shape the future of digital asset trading.