what's Byreal?
Byreal is a decentralized exchange (DEX) built on the Solana blockchain, incubated by the centralized exchange Bybit. Launched in 2025, it represents a hybrid finance model that integrates centralized exchange (CEX) liquidity with decentralized finance (DeFi) transparency. The platform utilizes a unified liquidity model combining request-for-quote (RFQ) and concentrated liquidity market maker (CLMM) hybrid routing to provide efficient trading, fair price discovery, and streamlined user onboarding. Byreal aims to support a new wave of on-chain assets by offering features like a reset launchpad with a smart price ladder and fairshare engine for equitable token launches, as well as curated yield vaults for assets such as bbSOL. It leverages Solana's high-speed and scalable infrastructure to deliver CEX-grade execution while maintaining DeFi-native verifiability. This positions Byreal as an extension of Bybit's ecosystem, bridging traditional exchange functionalities with blockchain-based trading. The project emphasizes open listing and exchange of valuable assets in a transparent on-chain environment, targeting users seeking both performance and decentralization. By focusing on real hybrid finance, Byreal differentiates itself from pure DEXs and CEXs by unifying liquidity sources and reducing fragmentation in the Solana ecosystem.
Byreal recently listed KABUTO, liquid, and WhiteWhale tokens on its platform.
Links
x.com/byreal_ioListed three new tokens (KABUTO, liquid, and WhiteWhale) on the platform.
Bybit reintroduced their wallet as Bybit Alpha, enabling users to trade any Solana token seamlessly within a unified account.
Ben, Bybit CEO and co-founder, participated in a fireside chat with Solana Foundation President at Breakpoint2025, discussing Byreal as an incubated DEX built around deep liquidity. Both Bybit and Byreal focus on real world assets driven by user demand for compliant and resilient infrastructure.
Emily Bao, founder of Byreal and Head of Spot at Bybit, speaks at Solana Breakpoint conference about CeFi/DeFi convergence and unified liquidity layer.
Byreal launches Real Farmer Season with SNS community partnership, featuring an SNS Real Farmer Pool that offers rewards for liquidity provision and referrals.
Byreal integrates DFlow's JIT Routing for native swaps on Solana.
Byreal partners with XAUt0 to provide onchain gold market on Solana.
Byreal partners with Bybit Venture Studio and Mantle to support Printr, a chain-abstracted memecoin launchpad now live on Solana, Mantle, Base, BNB Chain, Arbitrum, Ethereum, and Avalanche. Printr features a points program ahead of its upcoming TGE and is undergoing audit by Ackee Blockchain.
Byreal is identified as a DEX on Solana launched by Bybit as part of the exchange's growth-oriented experimentation strategy alongside stocks, forex, and commodities trading offerings.
Yield farming incentive pool doubles earnings for WSOT Onchain Wave traders.
SOL-bbSOL pool launches with 3.5 $bbSOL daily incentives for liquidity providers
New partnership with CUDIS Wellness launches, offering limited edition physical rings through trading competition.
$1M+ trading competition launches today through September 15, featuring unified CEX+DEX leaderboard with weekly prizes and special bonuses for 6th place finishers.
Founder Emily Rio Freeman revealed as Key Advisor for Mantle and Head of Spot & Web3 at Bybit.
DEXTools integrates ByReal DEX, enabling direct trading access through their platform.
Whitelist opens for Top 1000 Kamino Points Season 3 users
Fragmetric integrates as first Reset Launch partner with 10% of FRAG tokens allocated for airdrop to users, expanding into Korean market with new stablecoin product.
FRAG integration launches June 30th with whitelisted access for top 1000 JTO holders who have signed transactions in last 3 months.
DEX launches with Bybit institutional backing
Testnet launches June 30 with mainnet following in Q3 2025.
New integrations with Warden Protocol and Kaito AI enable automated trading and rewards program, featuring PUMP points system for user interactions.
Centralized exchange liquidity from Bybit CEX will back asset derivatives on Solana-based CLOB, positioning as direct HyperLiquid competitor.
Fair-launch vaults and yield layers integrated into protocol at launch to enhance capital retention.
DEX expansion includes new launchpad functionality for token launches.
Major CEX Bybit revealed as parent company behind new Solana DEX launch.
New DEX launching end of month on Solana, featuring hybrid CEX-DEX model with RFQ + CLMM routing for MEV-resistant trading.