[DigitalToday reporter Chi-gyu Hwang] Solayer, a high-performance layer-1 blockchain based on the Solana Virtual Machine (SVM), has launched the mainnet for its onchain perpetual futures trading platform, Margin Trade.

According to a recent report by The Block, Margin Trade is a platform that allows integrated trading of cryptocurrencies, commodities and stocks from a single margin account. It currently supports major cryptocurrency perpetual futures, commodity markets such as gold, silver and crude oil, and MT500, a synthetic index that tracks the overall U.S. stock market. It is also offering Pearl Research (Pearl Research·PRL) perpetual futures for the first time with leverage of up to 3 times.

Margin Trade adopts a cross-margin method, allowing multiple positions to be managed with a single collateral. All processes, including execution, funding payments, margin updates and liquidation, are handled onchain.

Solayer said experts from major financial institutions and cryptocurrency exchanges, including Citadel and Kraken, built the Solayer Labs team and the Margin Trade platform. It said that using Solayer's high-performance infrastructure, it can process more than 330,000 transactions per second and supports about 400 milliseconds finality.