Solayer launches Margin Trade mainnet, a multi-asset perpetual contract platform based on Solana.

PANews reported on June 4th that, according to The Block, Solayer's high-performance public blockchain based on the Solana Virtual Machine has launched its multi-asset perpetual contract platform, Margin Trade, on its mainnet. This platform supports trading cryptocurrencies, commodities, and stocks through a single margin account on Solana. The platform initially launched with cryptocurrency perpetual contracts, commodity markets such as gold/silver/crude oil, and the MT500 synthetic index, which tracks the performance of the broad US stock market. It is also the first platform to offer Pearl Research (PRL) perpetual contracts (up to 3x leverage). Margin Trade uses a cross-margin model, with all trades, funding fees, margin updates, and settlements executed on-chain, relying on Solayer's infrastructure, which claims to achieve over 330,000 transactions per second and finality in approximately 400 milliseconds.

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