Bybit gets into Defi with a Solana-based platform

Bybit goes beyond the centralized trade with the upcoming introduction of his decentralized byreal stock exchange, which is based on the Solana blockchain.

The platform will be your test network on June 30th openthe Mainnet rollout is planned for later this year.

In contrast to conventional defi platforms, byreal aims to integrate the efficiency of centralized stock exchanges-such as quick execution and high liquidity-into a decentralized environment. It introduces innovative mechanisms such as Request-for-Quotes (RFQ) trade and concentrated liquidity market maker (CLMM) routing that should protect users from MEV attacks and ensure more smooth price.

One of the outstanding features is the “Reset Launch” system, which with the help of tools such as Smart Price Laddering and the Faishare Engine promises a fairer token distribution. Byreal will also offer return strategies via his revive Vault, which initially focuses on Solana-native Assets such as BBSOL.

Bybit CEO Ben Zhou sees Byreal as part of the more comprehensive alignment of the stock exchange for hybrid finance-a model that combines control of defi with the usability-friendliness of centralized platforms. This step distinguishes Bybit from other large stock exchanges that concentrate on Layer-2-Rollouts.

The time is remarkable because the decentralized trade volumes have risen recently. Bybit, which is still recovering from a serious security violation at the beginning of the year, increasingly relies on product innovations, including the latest expansion into traditional markets such as stocks and raw materials.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.