Solayer, a high-performance Layer 1 blockchain compatible with the Solana Virtual Machine (SVM), has launched public testing for its multi-asset perpetual trading platform, Margin Trade. The platform is now available on the Solana testnet.
Developed by a team that includes former traders from Citadel and Kraken, Margin Trade offers a unified margin account for trading both cryptocurrencies and traditional market instruments. Its traditional finance offerings include commodities such as gold, silver, and oil, as well as the MT500, a synthetic index tracking U.S. equities.
Solayer's Chief Product Officer, Joshua Sum, said: "Most perpetual futures trading infrastructure today remains siloed across separate markets and fragmented collateral account structures. Margin Trade is designed to bring capital efficiency, real-time execution, and multi-asset exposure in a unified environment."
Margin Trade leverages Solayer's InfiniSVM infrastructure, capable of over 330,000 transactions per second with roughly 400 milliseconds of finality for its 304,000 users. Using Solana's native token (SOL) for gas fees keeps transactions affordable.
The launch follows the recent introduction of Solayer Pay, a stablecoin payments platform that now offers a physical card. Margin Trade's debut demonstrates the utility of Solayer's $35 million ecosystem fund. Future plans for Margin Trade include single-stock equities, volatility products, and incentive programs like trading competitions.