Byreal | The "Future of Financial Markets" Seriously Created by Bybit. Entering an Era of Trading Real-World Assets (RWA) by Fusing the Strengths of CEX and DEX.

Key Points of This Article

• Zero DeFi Hassles: Realizes a CEX-like comfortable trading experience by minimizing gas fees and slippage (price discrepancies).
• Full Support from Bybit: As a project nurtured by one of the world's largest exchanges, Bybit, it offers a different level of security and financial strength.
• Real Assets Take Center Stage: The focus is on trading "real-world assets (RWA)" like real estate and U.S. treasuries, not speculative meme coins.
• Rewarding New Contributions?: Aims for a system that rewards users who genuinely contribute to the project, eliminating those merely hunting for airdrops.

Anyone who has ever touched DeFi (Decentralized Finance) must have thought this at least once:

"The gas fees are high again..." "My order was executed at a different price than I intended (slippage)." "This project has an incredibly high yield, but is it safe?"

From 2024 to 2025, the DeFi market was plagued by excessive hype and speculation without substance, leaving many users confused and exhausted.

ByReal was born from a strong conviction to say "NO" to this situation, with the belief: "Substance over noise." ByReal is not just another new DEX (Decentralized Exchange). It is a project that solves the fundamental problems of DeFi and proposes a new form of finance where everyone can safely trade "real value."

What definitively sets ByReal apart from other DEXs is the fact that Bybit, one of the world's largest exchanges, is putting its full force into nurturing it.

Bybit's CEO, Ben Zhou, asserts, "The future of trading lies in the seamless integration of CEX and DEX." He positions ByReal as an "on-chain outpost" to channel Bybit's massive user base and institutional-grade liquidity into the world of DeFi.

This reflects Bybit's strategy to consolidate its previously fragmented Web3 services (DEX Pro, NFT Marketplace, Cloud Wallet, etc.) and bet everything on the single initiative of ByReal. In response to the growing demand for "exchange transparency" since the collapse of FTX, Bybit is providing an answer with ByReal, which fuses the "comfort of a CEX" with the "transparency and self-custody of DeFi." This powerful backing gives ByReal a level of credibility and liquidity from the start that is incomparable to other projects.

ByReal is composed of three core functions that cover the entire cycle of wealth creation: "Trading," "Discovery," and "Management."

3-1. Byreal DEX: The "Ultimate Exchange" in Pursuit of a Stress-Free Experience

This is the heart of ByReal, designed to thoroughly eliminate the "hassles" of DeFi.

• Near-Zero Gas Fees: Users don't need to worry about gas fees with every trade. They can focus on trading smoothly, just like on a CEX.
• No Slippage (Price Discrepancy): Even for large orders, if you decide to "buy at this price," the order is executed precisely at that price. No more worrying about unfavorable price movements.
• Absolute Fairness (MEV Protection): Completely protects users from the unfair practice of "MEV," where specialized bots reorder transactions to extract profit.
• Blink-of-an-Eye High-Speed Trading: Internal tests have recorded astonishing speeds of less than 0.2 seconds. A performance that will satisfy even professional traders.

These are strategic features designed to allow users accustomed to the convenience of a CEX to enter the world of DeFi without any friction.

3-2. Reset Launch: A "Fair Project Discovery Platform" That Can't Be Gamed

It "resets" the mechanism of IDOs (Initial DEX Offerings) for supporting new projects, just as its name suggests.

ByReal believes that activities like "airdrop farming," which aim solely for rewards using multiple accounts, hinder the healthy growth of a project. Therefore, it introduces its proprietary "Fairshare Engine" and other measures to prevent buy-ups by bots and whales (large-scale investors), aiming for a system where long-term investors who genuinely want to support the project can acquire tokens at a fair price.

This is also an important message for users expecting airdrops. It suggests that on ByReal, "high-quality contributions" such as using the DEX and providing liquidity are more likely to lead to future rewards than simple repetitive tasks.

3-3. Revive Vault: The "Magic Vault" Where Dormant Assets Go to Work

This is a vault where you can deposit assets not being traded on the DEX to efficiently generate yield.

Of particular note is its integration with "bbSOL," a liquid staking token issued by Bybit.

【The Winning Formula for Bybit Users】

1. Stake SOL on Bybit and receive "bbSOL."
2. Deposit that bbSOL into ByReal's "Revive Vault."
3. The result: You can earn both staking rewards from Bybit + DeFi yield from ByReal!

This mechanism, where Bybit's CEX and ByReal's DeFi work as one, symbolizes a "hybrid finance" that offers users unprecedentedly efficient asset management.

ByReal's "CEX-level comfort" and "DeFi's openness" are achieved through a unique hybrid structure that combines two technologies: RFQ and CLMM.

• RFQ (Request for Quote): A method of getting direct quotes from professional market makers (MMs). Since the MM guarantees the price, slippage is, in principle, impossible. It is ideal for large-lot trades handled by institutional investors.
• CLMM (Concentrated Liquidity Market Maker): A DeFi-native mechanism that concentrates liquidity within specific price ranges. Anyone can participate, allowing for efficient liquidity provision even with small amounts of capital.

When a user places an order, ByReal's "smart routing engine" instantly determines whether RFQ, CLMM, or a combination of both is best for the order, always executing the trade in the most optimal way.

Underpinning all of this is the ultra-fast, low-cost Solana blockchain. ByReal's ambitious challenge is only possible thanks to the "superhighway" that is Solana.

Powerful DEXs like Jupiter and Orca already exist on Solana. However, ByReal is not trying to take a piece of their pie.

ByReal's true targets are the "CEX users who have not yet come to DeFi" and the entirely new, massive market of "Real-World Assets (RWA)."

RWA refers to tokenized real-world assets such as real estate, fine art, U.S. treasuries, and private credit (corporate loans). This market, said to grow to a scale of hundreds of trillions of dollars, is the final frontier of Web3.

ByReal aims to play a central role, like a "NASDAQ for RWA," where a wide variety of RWA tokens issued worldwide can be traded securely. This is a grand strategy to become an indispensable infrastructure partner for all RWA projects, rather than competing with specific ones.

• Testnet Launch: June 30, 2025
• Mainnet Launch: Late Q3 2025

First, you can get an early experience of the future of finance on the testnet.

Regarding "airdrops," which many are curious about, ByReal has shown a clear stance that "true contributors should be rewarded." This suggests that high-quality activities that contribute to the platform's growth, such as:

• Continuous trading on Byreal DEX
• Investing in promising projects on Reset Launch
• Providing liquidity to Revive Vault (especially bbSOL is important!)

are likely to bring significant returns in the future. It will be the users who engage with the project from a long-term perspective, not short-term hunters, who will receive the greatest benefits.

The full picture of ByReal, the next-generation DEX nurtured by Bybit and Solana, was recently unveiled. The landmark first project and detailed schedule for one of its core features, the fair project discovery platform "Reset Launch," have finally been announced.

The project kicking things off on a high note is the Solana-native liquid restaking protocol "Fragmetric (@fragmetric)."

What is the Notable First Project, "Fragmetric"?

Fragmetric is more than just a liquid restaking protocol. It is currently evolving into a "transparent asset management layer" that protects capital, optimizes rewards, and empowers the entire ecosystem.

The fact that ByReal, which emphasizes "intrinsic value," chose it as its first partner is a testament to its highly regarded potential.

Participation is a Must! The Full Reset Launch Schedule

This Reset Launch will proceed in the following three phases. Users who wish to participate should mark their calendars.

• Phase 1: Whitelist Check
  • Date: June 27
  • Details: A checker will be released to confirm if you are eligible to participate.
• Phase 2: Reset Launch Begins
  • Date: June 30
  • Details: Fragmetric's IDO will begin, exclusively for whitelisted users.
• Phase 3: Post-Launch Campaign
  • Date: July 1
  • Details: Further campaigns are planned after the IDO concludes.

Crucial: Participation is for "Whitelisted" Wallets Only!

Only wallets registered on the whitelist can participate in this Reset Launch.

ByReal has named these whitelisted individuals the "Reset Cabal" and is inviting user groups who have made significant contributions to the ByReal and Solana ecosystems. The eligible partners and user groups are as follows.

【Eligible Whitelist Partners】

• Bybit Integration: Active users of bbSOL
• Fragmetric Community: Holders of Fragmetric's F Points & TOPU, Inc. NFT holders
• Key Players in Solana DeFi:
  • Kamino Finance (@KaminoFinance)
  • Jito (@jito_sol)
  • Sanctum (@sanctumso)
  • RateX (@RateX_Dex)
• Other Ecosystem Partners:
  • Cudis (@CudisWellness)
  • virtuals.io (@virtuals_io)
  • SafePal (@iSafePal)
  • Solana_zh (@Solana_zh)

Each partner selects wallets based on their own criteria. Let's wait for the checker to be released on June 27 to see if your wallet is eligible.

【Please Note】 Even if selected by multiple partners, only one whitelist spot will be applied per wallet.

【Last Chance】 Still Time! A Campaign to Win One of 30 Whitelist Spots

It's too early to give up thinking, "I'm probably not eligible..." ByReal is running a campaign to grant access to the Reset Launch whitelist to 30 lucky people.

How to Participate:

1. Follow ByReal's official X account (@byreal_io)
2. Join the official Telegram (t.me/Byreal_Community)
3. Post your thoughts on the Reset Launch on X with the hashtag "#ByrealReset"
4. Submit your wallet address via the designated Google Form

ByReal's philosophy of "rewarding high-quality contributors" is strongly reflected in the whitelist selection criteria. This launch, which rewards users who have continuously contributed to the ecosystem, is set to be a crucial event that will shape the future of ByReal. First, check if your wallet is eligible, and hurry to participate in the campaign!

Conclusion: Witness the Moment DeFi History Changes

ByReal goes far beyond the scope of a mere DEX project.

It is an answer to the sustainability of DeFi, the core of Bybit's high-stakes on-chain strategy, and the infrastructure to unlock the multi-trillion-dollar RWA market.

ByReal's challenge is poised to be a significant step for crypto assets to move beyond a niche world and evolve into a true global financial market that handles real-world assets. Don't be left behind at this historic moment; start following its developments now.