The announcement comes at a time when decentralized exchanges (DEXs) are steadily increasing their share of global spot trading volume, indicating a shift in user preference towards non-custodial solutions.
According to Zhou, Byreal incorporates features such as Request For Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing.
The platform plans to offer access to assets such as bbSOL, a liquid staking derivative on Solana. This broader suite of services positions Byreal to compete not just with DEXs like Raydium or Orca but also with token launch and yield platforms built on Ethereum and BNB Chain.
Lily Liu, president of the Solana Foundation, commented on the collaboration, emphasizing the potential for synergy between centralized and decentralized exchanges.
Cex / Dex can work in harmony, and amplify one another.
The asset diversity and global availability of a dex, plus the liquidity of a cex.
Building internet capital markets means having asset and product venue diversity, all on the shared rails.
The growing popularity of these platforms signals increasing confidence in decentralized protocols for executing trades without intermediaries.
Featured image created with DALL-E, Chart from TradingView
