Byreal founder Emily: CeFi, DeFi, and TradFi are accelerating their integration, and on-chain adoption is entering a new phase

At the Solana Breakpoint conference, Emily, the founder of Byreal and head of Bybit Spot, stated that as RWA and institutional funds continue to enter the crypto market, CeFi, DeFi, and TradFi are no longer isolated systems but are accelerating their integration, forming a new type of on-chain financial infrastructure.

Emily pointed out that the core challenge facing current on-chain adoption is not whether users can access DeFi, but how to lower the barriers to use between different financial systems while ensuring safety and efficiency. The future on-chain experience should naturally integrate decentralized liquidity and on-chain assets within familiar user pathways, rather than requiring users to frequently switch between different systems. As RWA gradually becomes an important asset class on-chain, platforms with real growth potential will be those that can integrate centralized entry points, decentralized liquidity, and traditional financial assets within a single experience. Emily cited the development of Solana and Bybit as examples, indicating that TradFi, CeFi, and DeFi are no longer three parallel paths but are undergoing systematic integration.

Emily stated that Byreal, built on Solana, is designed around this integration trend. Byreal is not an independent DeFi product but operates in synergy with Bybit Alpha, serving as a key infrastructure connecting centralized entry points and on-chain liquidity. In this setup, Bybit Alpha acts as the connection layer between CeFi and DeFi, while Byreal serves as the underlying on-chain execution and liquidity access layer, enabling users to seamlessly participate in on-chain trading within familiar usage paths and directly access decentralized liquidity, transparent settlement, and on-chain ownership mechanisms, thereby promoting the scalable application of real-world assets in the on-chain market.

Emily concluded that the future of on-chain transactions at the billion-level will "start in CeFi, occur in DeFi, and be driven by TradFi assets," and the next growth cycle in the industry will also be defined by this integrated architecture.