Solayer Launches Margin Trade Mainnet on Solana

Solayer launched the mainnet of Margin Trade on Wednesday, introducing a Solana-native on-chain perpetuals platform that lets traders use a single cross-margin account to trade cryptocurrencies, commodities and a synthetic U.S. equities index.

Margin Trade supports major crypto perpetual contracts, commodity markets for gold, silver and oil, and MT500, a synthetic index tracking broad U.S. equity performance. At launch the platform opened the first liquid perpetual market for Pearl Research (PRL), with leverage up to 3x.

The platform uses a cross-margin system so multiple positions draw on a shared collateral pool. According to Solayer, all core trading functions — order executions, funding payments, margin updates and liquidations — are settled on-chain and visible on the ledger while users retain custody of funds.

Solayer developed Margin Trade through contributors at Solayer Labs and with former traders from Citadel and Kraken. The team made a public testnet version available last week before the mainnet release.

Solayer describes its Layer 1 architecture as compatible with the Solana Virtual Machine and capable of more than 330,000 transactions per second with roughly 400 millisecond finality. Margin Trade is built to interoperate with other Solana-native applications and liquidity sources.

“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,” Margie Feng, Solayer’s marketing lead, stated in the announcement.

The company did not disclose initial liquidity levels or the identities of any market makers participating on mainnet at launch.

Perpetual contracts let traders hold leveraged positions without an expiry date. Cross-margining allows multiple open positions to draw on the same collateral pool. Synthetic indices replicate the performance of an underlying basket of assets through on-chain mechanisms rather than direct ownership.