Solayer has announced the launch of the Margin Trade public testnet, a Solana-native perpetual trading platform that supports unified margin across multiple asset classes, including crypto, commodities, and equities. The testnet is now open for traders from the waitlist, with integration and partnership programs underway ahead of wider access.
Public Testnet Now Open, Built by Former Citadel and Kraken Traders
Developed by Solayer Labs team members alongside former traders from Citadel and Kraken, Margin Trade represents Solayer's latest push into real-time financial markets. A private testnet was earlier released to a select group of users and partners; now Solayer is onboarding traders from its waitlist and completing integrations and partnership programs.
Single-Collateral System Explained
The platform introduces a single-collateral system designed to support exposure to both digital assets and traditional market instruments within one onchain environment. "Most perpetual futures trading infrastructure today remains siloed across separate markets and fragmented collateral account structures," said Joshua Sum, Chief Product Officer at Solayer Labs. "Margin Trade is designed to bring capital efficiency, real-time execution, and multi-asset exposure into a unified environment that aligns with the vision of global financial markets."
Alongside the public testnet rollout, Solayer will release technical explainers, market-structure documentation, and product research outlining the platform's design and execution architecture.
MT500 Synthetic Index Debuts
At launch, Margin Trade will offer access to crypto perpetual markets alongside commodity contracts covering Gold, Silver, and Oil. The platform also introduces the MT500, a synthetic index designed to provide broad U.S. equity market exposure. Traders can thus use a single collateral pool to speculate on Bitcoin, gold, and the S&P 500 simultaneously.
Next Up: Single Stocks and Volatility Products
Solayer plans to expand the product suite further with the addition of single-stock equity instruments and volatility products as development continues. As part of the broader rollout, Solayer is preparing trading competitions, ranking features, and referral-based incentive programs to support user engagement and ecosystem growth.
Margin Trade is positioned as a fully Solana-native platform, leveraging Solayer's hardware-accelerated infrastructure for low-latency execution and scalable order processing. The launch follows Solayer's recent initiatives, including Solayer Pay (a stablecoin payments product) and a $35 million ecosystem fund supporting high-throughput onchain applications.