Byreal’s Year One: $3.7B Volume, 25.3M Txns, RWA Book Leads Solana DEX Field

Byreal, the Bybit-incubated decentralized exchange built on Solana, closed its first year of operations with $3.7 billion in cumulative trading volume across 25.3 million transactions, according to figures the platform disclosed to mark its anniversary. The protocol launched on the Solana testnet on June 30, 2025, and has since attracted close to 500,000 total users while distributing $2.8 million in fees to liquidity providers.

The numbers position Byreal as one of the more active hybrid venues on Solana, combining on-chain execution with liquidity routing tied back to Bybit’s centralized order books. For a protocol still inside its first 12 months, the throughput-to-user ratio — roughly 50 transactions per registered wallet — points to a base weighted toward active traders and bots rather than passive holders.

Tokenized equities anchor the RWA book

Byreal’s real-world-asset segment is built on partnerships with xStocksFi, Backpack, Tether Gold and Sunrise, which together have brought more than 20 tokenized equities on-chain, including tickers tracking Micron (MU), SPAC-linked SPCX, SanDisk (SNDK), Nvidia (NVDAx) and Circle (CRCLx). That lineup gives the platform depth in a segment where most Solana DEXs still route volume primarily through spot crypto pairs.

Byreal also claims Day 1 top-volume status on Solana for several new token listings — including BP, MON, ARX, SKR and BRIB — through its integration with Bybit Alpha, which the platform says lets centralized liquidity flow into on-chain markets from the moment a token goes live. That launch-day liquidity bridge is one of the more measurable differentiators versus peer Solana DEXs, which typically see thinner books in the first hours of a new listing.

“Reaching $3.7 billion in total volume and becoming a leading venue for tokenized real-world assets on Solana validates that vision,” said Emily Bao, founder of Byreal, referring to the platform’s original goal of matching centralized-exchange execution quality on-chain.

Product stack expands into perps, prediction markets and AI agents

Over the past year Byreal rolled out three product verticals on a single platform: Real Farmer, described as the first copy-farming product on Solana; a perpetuals venue offering up to 50x leverage on both equities and crypto around the clock; and Predict, an on-chain market for real-world outcomes. The combination puts leveraged derivatives, yield farming and prediction markets under one liquidity umbrella rather than split across separate protocols.

The platform is also positioning itself around AI-agent trading infrastructure. Agent Skills is an open layer that lets autonomous agents swap, provide liquidity, trade perps and participate in prediction markets programmatically, while RealClaw is a personal agent designed to farm yield, trade spot and perps, and manage positions on a user’s behalf. Byreal describes itself as one of the first AI agent-native exchanges in DeFi, a positioning that will be tested as agent-driven order flow becomes a larger share of on-chain volume across Solana venues.

No independent on-chain data provider was cited alongside the platform’s self-reported figures, so the $3.7 billion volume and 25.3 million transaction counts should be read as company-disclosed metrics pending third-party verification through Solana block explorers or DeFi aggregators.

Read more: Solana’s Tokenized Asset Volume Hits $5.77B Quarterly ATH as Raydium Grabs 95% Share

Sources

• captainaltcoin.com — Bybit’s Yoyee Wang: Trust Will Define the Next Era of Institutional Digital Asset Adoption
• dailyhodl.com — Byreal Marks First Anniversary with Strong Growth, RWA Leadership, and AI-Native Innovation on Solana
• finbold.com — Byreal Marks First Anniversary with Strong Growth, RWA Leadership, and AI-Native Innovation on Solana