Crypto Exchange Bibit has announced that its objective is to release its new Solna-based decentralized exchange beerial in the third quarter, with a testnet version in late June.
In an X post on Sunday, the company’s CEO Ben Jhou couple This new exchange makes special that it has CEX (centralized exchange) and dex
“Bireral is not just another dex,” he said, saying that it “CEX-grade combines liquidity with defi-original transparency.”
“This is what the actual hybrid resembles finance,” he said.
“We are creating an onchen extension of a global exchange, combining with CX-grade liquidity with dye-indesters transparency,” Bareral team said, Testnet is being launched on June 30 and Mannet will come in Q3, 2025.
This is official. Bareal is here.
Incubation by @Bybit_officialBhed @Solana,
There is a new onchain liquidity network for the next wave of Bayral assets – where the actual value is listed, discovered, and transparently traded. pic.twitter.com/sedokdzckw
– byreal (@byreal_io) June 15, 2025
Barel built with advanced routing
Jhou said that the Bireral would be “integrated liquidity and speed” and was designed with RFQ (request for quotes) and CLMM (focused liquidity market manufacturer) routing.
“Bareral gives users at a severe speed,” he said.
RFQ occurs when a buyer or seller quotes one or more sources to find the best value. CLMM liquidity allows providers to focus their capital within specific value limitations where they expect trading, leading to very deep liquidity around the current market price.
Connected: Bybit denies $ 1.4M listing fee, school promo charges on X
Bybit dex enters a crowded market
Bibet Dex is entering a competitive market for decentralized exchanges Anaswa Locked 24% as a market leader and $ 4.9 billion in total value, locked, According To Difilama.
Curve dex and Pancakexwap Follow $ 1.9 billion in the total value locked respectively and $ 1.7 billion respectively.
Dex TVL is $ 20.3 billion, 75% below its peak of $ 80 billion in November 2021.
Solana dex scene
While Solana is mainly used for mint and trade memecoin, there are many decentralized exchanges on the network.
The largest of which is the biggest RadiumWhich has a total market share of $ 1.7 billion in TVL and 55% in Solana Ecosystem.
The use of radium in January increased when Memcoin traders token to the token from the pump. However, Volume has since tanned up to 88%, Dilama said.
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