Bybit Launch Solana DEX Byreal, Experts Tip Solaxy As Best DEX Coin To Buy
The post Bybit Launch Solana DEX Byreal, Experts Tip Solaxy As Best DEX Coin To Buy appeared on BitcoinEthereumNews.com.
Tier-1 centralized crypto exchange Bybit has announced its own Solana-based decentralized exchange, Byreal. With the testnet launching in June and full rollout expected in Q3, the platform aims to merge CEX-grade liquidity with DeFi-native transparency, Bybit CEO Ben Zhou announced on X this Sunday. Announcing 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 Bybit’s entry into the Solana DEX market shines the spotlight on one of the most promising growth frontiers in the crypto market. With on-chain volumes climbing and Solana dApps generating exceptional revenue, the upside potential for DEX-focused tokens is hard to overstate. For instance, the new Solana layer-2 platform, Solaxy (SOLX), has announced a Solaxy DEX, as well as a competitor to Pump.Fun, called the Igniter Protocol. Unsurprisingly, SOLX raised over $53 million in its ICO and is being viewed as the best DEX crypto to buy now. Could Bybit’s Byreal Challenge Raydium’s Dominance? Bybit is looking to turn the page on its $1.5 billion hack, doubling down on innovation and entering high-growth verticals. The company’s top executive Zhou announced the exchange’s foray into the Solana DEX space, after already being one of the top global CEXs by trading volume and user base. Zhou highlighted Byreal’s CEX-DEX synergy, stating, “This is what real hybrid finance looks like.” Giving a peek under its hood, the Bybt CEO revealed that Byreal is designed using RFQ (Request for Quote) and CLMM (Concentrated Liquidity Market Maker) routing. Users can reportedly benefit from low-slippage, MEV protection and high speed. Bybit’s entry into the Solana DEX space isn’t surprising.…
Filed under: News - @ June 17, 2025 4:21 am