Solayer Launches On-Chain Perpetual Futures Platform
Summary
- Solayer (LAYER) launched the mainnet of Margin Trade, an on-chain perpetual futures trading platform.
- Margin Trade supports trading in a range of assets, including cryptocurrencies, commodities and stocks, through a Solana-based single margin account.
- The on-chain derivatives and perpetual futures markets are becoming more competitive, a shift that could narrow the boundary between DeFi and traditional finance.
Forecast Trend Report by Period
Solayer, a Solana Virtual Machine-based Layer 1 blockchain behind the LAYER token, has launched an on-chain perpetual futures trading platform, a move that could intensify competition in the on-chain derivatives market.
Crypto news outlet The Block reported on June 3 that Solayer launched the mainnet of its perpetual futures trading platform, Margin Trade.
Margin Trade supports trading in a range of assets, including cryptocurrencies, commodities and stocks, through a single margin account built on Solana.
Solayer said the platform is designed to deliver trading speeds and capital efficiency comparable to traditional finance while preserving blockchain transparency and self-custody.
The on-chain derivatives market has been growing rapidly, led by Hyperliquid. In response, blockchain projects have been building on-chain trading infrastructure aimed at offering an experience comparable to centralized exchanges.
The expansion of the on-chain perpetual futures market could further narrow the boundary between decentralized finance, or DeFi, and traditional finance, according to market observers.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
