Solayer Unveils Multi-Asset Perpetual Trading Platform Dubbed Margin Trade
Solayer, a high-performance Solana Virtual Machine-compatible Layer 1 blockchain, has launched public testing for its multi-asset perpetual trading platform, Margin Trade. Built by former Citadel and Kraken traders, the platform enables unified margin, on-chain trading of both crypto and traditional assets like gold, oil, and a U.S. equities index. Following a private beta, the public testnet launch aims to offer capital efficiency and real-time execution in a single environment, moving away from fragmented traditional platforms.
Margin Trade leverages Solayer's InfiniSVM infrastructure, which supports over 330,000 transactions per second with fast finality and low fees via SOL for gas, enabling high-throughput decentralized applications. This launch is part of Solayer's broader financial product diversification, which includes its Solayer Pay stablecoin platform. Backed by a $35 million ecosystem fund, future plans for Margin Trade include adding single-stock equities and volatility products, along with trading competitions and incentive programs.
TheNewsCryptoAyer 12:58
