Bybit Launches DEX on Solana, Eyes the Future of DeFi

🧪 Bybit Goes Hybrid with Solana DEX Launch

Byreal isn’t just another DEX. It's Bybit’s big swing at bridging CEX liquidity with DeFi transparency, and it’s launching testnet on Solana by June 30. The exchange’s CEO, Ben Zhou, made the announcement on X, describing Byreal as the start of a new era in “real hybrid finance.”

Bybit’s goal? Combine the best of both worlds using a unified liquidity model (RFQ + CLMM routing), promising faster swaps, reduced slippage, and protection from MEV attacks.

But let’s clear the hype: only the testnet is going live for now. Mainnet isn’t expected until Q3 2025.

Inside Byreal:

• Fair launchpad powered by Smart Price Ladder & Fairshare Engine

• Curated yield vaults

• Native to Solana, tapping into its growing institutional momentum

Why it matters:

This is Bybit’s clearest signal that it’s serious about DeFi. After shutting down a suite of Web3 products earlier this year, including Cloud Wallet, NFT Marketplace, and DEX Pro, Bybit is recalibrating.

And this time, it’s eyeing a growing but under-served segment: on-chain derivatives. With Hyperliquid now eating up 80% of DEX perps volume, Bybit may be planning to follow suit or beat them at their own game.

Meanwhile on Solana…

The Solana ecosystem just got another boost. Already favored by firms like Franklin Templeton, Fidelity, and r3, the network is solidifying its place as the go-to chain for institutional-scale finance. Syndica reports that Solana dApps captured 58% of all chain revenue in May, outpacing every other L1 combined for eight straight months.

Byreal could be the next catalyst. As the meme coin frenzy cools down, Solana’s pitch for real financial use cases is heating up.

📚Read Also: Cardano Founder teases full XRP integration package

Charles Hoskinson, the Cardano founder, released new information about the possible integration of XRP and its related features on the Cardano blockchain. Hoskinson replied with a wide-scope plan that is not limited to RLUSD.

📊 Market Watch:

🦊 A MetaMask Token? 

For years, early MetaMask users have waited, and waited, for an airdrop that never came. Some moved on. Others stopped using the wallet altogether, frustrated by usability issues and no tangible rewards for loyalty.

But now, there’s a spark of hope.

Joseph Lubin, founder of Consensys (MetaMask’s parent company), just hinted at token plans.

The conversation began on X, where Lubin weighed in on the $SBET crash, a stock dubbed the "MicroStrategy of Ethereum" that tanked 75% after KOLs misinterpreted SEC filings, wrongly suggesting insiders sold all their shares.

Lubin stepped in to clear the air. When asked whether MetaMask would ever launch a token, even a meme one, Lubin responded with something the community had long waited to hear.

“There’s a short and medium-term plan... involving protocolization of our current products,” he said. “And Web3 protocols need tokens.”

LINEA will be the first tokenized product, he confirmed. And the others? They're coming.

Lubin hinted the next candidate might be DIN (Decentralized Infrastructure Network), an Infura-powered network aiming to decentralize Web3’s backend infra. Think of it like giving the decentralized world its own tokenized version of TCP/IP.

DIN = game-changing

According to Lubin, DIN is key to scaling MetaMask across the full Web3 stack. It would allow decentralized services to respond with Infura-level reliability, but across many more chains and protocols.

Why this matters:

• MetaMask token rumors are heating up again, this time with a stronger foundation.

• The token strategy appears to link MetaMask, Linea, Infura, and DIN under one tokenized ecosystem.

• If it plays out, early users could finally get the airdrop they’ve been waiting for and crypto infra might just get a lot more decentralized in the process.

📚Read Also: Bitcoin mining difficulty dips slightly after record highs

Bitcoin’s mining difficulty has dropped slightly after reaching its highest level ever at the end of May.On Saturday, June 15, the network recorded a small but notable decrease in difficulty, bringing it down to approximately 126.4 trillion. This follows the all-time peak of 126.9 trillion on May 31, according to data from blockchain analytics firm CryptoQuant.

📜 Regulation Watch

GENIUS Act could reshape stablecoin regulation—and rattle small banks

The US Senate is on the verge of passing the GENIUS Act, a landmark bill that would finally give stablecoins a federal legal framework. It allows issuers to back their tokens with reserves in banks, Treasuries, or short-term loans—just like money-market funds.

At a glance, it sounds like common-sense regulation. But underneath, the bill signals a deep shift in how cash moves through the financial system.

Here’s what actually changes:

When someone mints a stablecoin, the dollars don’t disappear—they’re moved. But instead of sitting in small, insured bank accounts, they end up in massive, uninsured holdings. That’s where things get risky.

In the words of the European Central Bank:

“Stablecoins turn stable retail deposits into volatile corporate cash.”

That’s exactly what happened in March 2023, when Circle’s $3.3 billion transfer from Silicon Valley Bank failed to go through before the FDIC stepped in. USDC de-pegged. Trust only returned after a government backstop.

Big banks win. Small ones get squeezed.

In the fallout, Circle shifted its reserves to global giants like JPMorgan and Citi. These institutions are built to handle fast-moving capital. Smaller banks aren’t.

And now, there’s talk of major banks launching their own stablecoins, potentially controlling not just reserves, but the entire crypto-cash pipeline.

Meanwhile, the ecosystem around stablecoins keeps evolving. Users can now:

• Earn yield by simply holding tokens

• Access tokenized Treasuries without touching a bank

• Spend and save in crypto with increasing ease

📚Read Also: HYPE reaches new price record above $44, leveraged whales post profits

Hyperliquid continues to establish itself as one of the key narratives during the 2025 cycle, as HYPE reached a new all-time high. HYPE traded above $44 on Monday, on a mix of BTC bets and direct buying.

🎁 Top Airdrops of the Week
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Market-moving headlines 🔥

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