• TEXT= DATE: 16.07.2025 SoulboundTV  |  IDO  | Social
  • TIMER= 16.07.2025
  • BUTTON= DISCOVER MORE
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

MORE FROM SPONSORED

LIVE Web3 News

 

ARTICLE INFORMATION

Bybit on Solana

Bybit on Solana ushers in hybrid finance with Byreal DEX launch

https://icn.live/wp-content/uploads/2025/06/vyvoiy-sol.mp3
  • by ICN.live
Adnan Al-Jaziri

Bybit on Solana marks a significant evolution in crypto trading through its upcoming decentralized exchange, Byreal.

This new platform merges the speed and usability of centralized exchanges with the security and openness of decentralized finance. Byreal is set to launch its testnet on June 30, followed by a full mainnet rollout in Q3 2025. Built on the fast and scalable Solana blockchain, Byreal aims to deliver real hybrid finance.

The platform introduces advanced features like a unified liquidity model. It uses Request-for-Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing. These features are designed to minimize slippage and guard against MEV attacks. High-speed transaction execution will also be a key advantage and will play a huge role.

here

Hybrid trading becomes a reality

Byreal offers innovative features for yield farming and fair participation. The launchpad will use Smart Price Ladder and Fairshare Engine, making token launches more equitable. It also introduces bbSOL, a Liquid Staking Token for Solana stakers. Bybit had already released bbSOL in partnership with Solana-native protocols like Sanctum and Kamino Finance.

This launch demonstrates Bybit’s renewed focus on Web3 infrastructure following recent service shutdowns. The firm ended multiple features, including Cloud Wallet, DEX Pro, and its NFT marketplace. The closures align with a strategy to enhance core offerings after a $1.4 billion hack earlier this year.

ANOTHER MUST-WATCH ON ICN.LIVE:

Bybit on Solana redefines decentralized exchanges

CEO Ben Zhou advocates for a balance between DeFi and traditional finance. His vision of real hybrid finance drives Bybit’s roadmap, blending centralized exchange strengths with blockchain innovation. Byreal is a major step in making this vision tangible.

Users will access the platform through byreal.io, with future integrations expected. Yield vaults, staking options, and fair token launches are just the beginning. The DEX is designed to evolve with user needs and market conditions.

SHARE

What is Byreal and how does it work?

Byreal is Bybit’s first on-chain decentralized exchange (DEX), built on the Solana blockchain. It combines centralized exchange efficiency with decentralized finance features. The platform uses a unified liquidity model integrating Request-for-Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing. These technologies aim to reduce slippage and protect against Miner Extractable Value (MEV) attacks. Byreal also introduces innovative elements like Smart Price Ladder and Fairshare Engine to ensure fair token launches. It will support curated yield vaults, including bbSOL, a liquid staking token that allows users to stake SOL while retaining liquidity. Byreal’s testnet launches on June 30, 2025, with mainnet expected in Q3 2025. The platform is part of Bybit’s broader push into hybrid finance, offering a seamless user experience that bridges the gap between traditional and DeFi ecosystems.

What is bbSOL and why is it important?

bbSOL is a Liquid Staking Token (LST) introduced by Bybit in collaboration with Solana ecosystem partners like Sanctum, Kamino Finance, and Orca. It allows users to stake SOL and receive bbSOL tokens in return, which can be used in other DeFi applications while still earning staking rewards. This dual functionality enhances liquidity and makes staking more flexible and productive. With the launch of Byreal, bbSOL becomes a key part of Bybit’s hybrid finance strategy. It enables Solana users to participate in decentralized finance without sacrificing their staking benefits. bbSOL is also integrated into yield vaults on Byreal, providing passive income opportunities. This token exemplifies the convergence of centralized convenience and decentralized freedom, allowing users to maximize returns in a secure and efficient environment.

How does Byreal improve user experience in DeFi?

Byreal improves the user experience in decentralized finance by blending the best aspects of centralized and decentralized systems. Its unified liquidity model ensures smooth trading with minimal slippage. Features like Request-for-Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing enhance trading precision and protect against front-running attacks. The platform also includes tools like Smart Price Ladder and Fairshare Engine to ensure fair and transparent token launches. Yield farming becomes more accessible with curated vaults such as bbSOL, allowing users to earn rewards with minimal complexity. Built on the fast and scalable Solana blockchain, Byreal offers near-instant transaction speeds. Overall, the platform is tailored for traders who want high performance, robust security, and decentralized ownership—all within a streamlined interface.

Why did Bybit shut down other services before launching Byreal?

Bybit recently shut down several of its Web3 services, including Cloud Wallet, DEX Pro, and NFT marketplace, to refocus on delivering high-quality core products. This strategic pivot came after a major $1.4 billion loss due to a security breach. The closures, effective as of May 31, 2025, were part of a plan to streamline operations and concentrate efforts on areas with the most potential impact—like hybrid finance. Byreal represents this new direction, emphasizing secure, efficient, and user-focused financial tools. Instead of spreading resources thin, Bybit is consolidating its strengths to create platforms that can compete both in speed and trust. The company’s CEO, Ben Zhou, has consistently advocated for a middle path that merges the advantages of centralized exchanges with decentralized transparency. Byreal is the first major product to embody that vision.

FEATURED

EVENTS

Days
Hr
Min
Sec
 

ICN TALKS EPISODES