Bybit is preparing to launch a new decentralized exchange, called Byreal. The platform will go live on the Solana testnet on June 30. The full launch on the mainnet is expected in the third quarter of 2025. Byreal is designed as a hybrid exchange. It combines elements of centralized and decentralized trading. The company says it will offer centralized exchange-level liquidity and the transparency of decentralized finance. Ben Zhou, CEO of Bybit, described Byreal as a product that brings “CEX-grade liquidity with DeFi-native transparency.” The Byreal team called the platform an “onchain extension of a global ... (full story)