Solayer Launches Margin Trade on Mainnet for Solana Derivatives

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

LAYER-7.67%

SOL-6.223%

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Mainnet Launch Significance: Solayer's transition of its perpetuals trading platform Margin Trade from testnet to mainnet signifies a shift to real capital and market exposure, enhancing user confidence and strengthening the competitive landscape of the Solana ecosystem.
Platform Features: As a Solana-native platform, Margin Trade operates and settles directly on the Solana blockchain, eliminating the complexities of bridging assets from other chains, thus providing users with a more efficient trading experience and facilitating the expansion of multi-asset perpetuals.
Market Impact: The launch of Margin Trade is expected to deepen liquidity in Solana's perpetuals market, similar to how Axelar's recent mainnet integration has attracted more traders and increased overall market activity.
Future Metrics to Watch: Key metrics to monitor include trading volume, open interest, and the range of supported markets, as these figures will help evaluate Margin Trade's market performance and its standing in the Solana derivatives landscape.

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Technical Analysis for LAYER

Technical Sentiment Analysis for Solayer (LAYER). As of , Solayer (LAYER) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 6 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LAYER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, LAYER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solayer (LAYER) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0326	0.0472	0.0638	0.0784	0.095	0.11	0.126
Fibonacci	0.0472	0.0591	0.0664	0.0784	0.0903	0.0976	0.11

About LAYER

Solayer is the first hardware-accelerated blockchain that offloads blockchain components onto programmable chips to target 1MM+ TPS and 100Gbps+ network bandwidth, enabling near-zero latency use cases. Solayer’s InfiniSVM architecture infinitely scales the SVM leveraging SDN, RDMA, and dedicated hardware like InfiniBand technology together with a multi-execution model to increase bandwidth and reduce latency.LAYER is the native governance token that is used for: Protocol upgrades, such as adding supported assets Treasury management, such as diversification Key ecosystem initiatives, such as grants

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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