Ben Zhou announces Byreal launch on Solana by end of month
@benbybit: Ben Zhou announces Byreal launch
Ben Zhou, co-founder of Bybit, has announced the upcoming launch of Byreal, the company's first onchain DEX, set to go live by the end of the month. This strategic initiative aims to harness the capabilities of Solana's blockchain technology.
The innovative decentralized exchange is designed to bridge the gap between centralized exchange (CEX) liquidity and decentralized finance (DeFi) transparency. Zhou asserts that Byreal is not merely ''another DEX'', but rather a platform combining the strengths of both models to offer CEX-grade liquidity with inherent DeFi transparency. Bybit's plunge into the world of decentralized exchanges represents a broader trend among centralized crypto platforms looking to adapt to the growing demand for more transparent and decentralized options.
Zhou emphasized Byreal’s unique blend of liquidity and transparency as a central differentiator. ''Byreal isn’t just another DEX. It is combining CEX-grade liquidity with DeFi-native transparency,'' he noted. As the demand for decentralized financial solutions intensifies, the success of Byreal could potentially set a precedent for future collaborations between centralized and decentralized financial infrastructures.
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