Solayer, the high-performance Layer 1 blockchain built using the Solana Virtual Machine, has launched the mainnet of Margin Trade, its new onchain perpetual trading platform.
According to an announcement on Wednesday, Margin Trade will enable multi-asset trading of crypto, commodities, and equities through a single margin account on Solana, supposedly combining the transparency and self-custody of permissionless finance with the speed and capital efficiency expected from traditional trading venues.
"Margin Trade is designed to bring crypto, commodities, and equities into a single onchain environment where traders can access global markets with the speed, transparency, and capital efficiency that modern trading demands," Solayer marketing lead Margie Feng said.
At launch, Margin Trade will support major crypto perpetual contracts, commodity markets for assets like gold, silver, and oil, as well as MT500, a synthetic index tracking broad U.S. equity market performance. Notably, Margin Trade is the first platform to offer a liquid perpetual market for Pearl Research (PRL), with up to 3x leverage.
Built by contributors from Solayer Labs in collaboration with "former traders from leading financial institutions and crypto exchanges," including Citadel and Kraken, the platform uses a cross-margin system where traders can manage multiple positions with shared collateral, and all executions, funding payments, margin updates, and liquidations happen transparently onchain.
It also leverages Solayer’s high-throughput infrastructure, which claims to achieve 330,000+ TPS and ~400ms finality, according to the announcement.
Solayer launched a public version of Margin Trade on the Solana testnet last week.