Solana Labs debuts Leap trading app for tokenized stocks and crypto
Leap has rolled out a beta iPhone trading app on Solana for tokenized equities, ETFs, commodities, and crypto, kicking off early access while stirring debate over whether Solana Labs is competing with independent network builders.
Leap, built by the team behind Dialect and launched as a new Solana Labs product, has released a beta iPhone app aimed at trading tokenized stocks, ETFs, metals, currencies, and cryptocurrencies on Solana. Pitching the platform to users seeking opportunities beyond meme coins, the team opened early access on Thursday.[2][3][4]
Under the rollout plan, a portion of future platform fees generated by Leap is slated to be used to buy and burn SOL, according to SolanaFloor. Reporting by Crypto Briefing highlighted that integrating such a diverse array of assets could bolster the broader Solana ecosystem and potentially impact SOL's value through those burns.[3][5]
The release sparked immediate debate across the ecosystem concerning whether Solana Labs should be competing with third-party developers building on the network. Solana Labs co-founder Anatoly Yakovenko addressed the tension by stating that Labs is building a product that will compete with everything, while underscoring that Solana Labs operates separately from the Solana Foundation.[1]
Co-founder Raj Gokal explained that Labs created Leap in response to demand for an app prioritizing disciplined, long-term investing, network performance, and Solana-native assets, even acknowledging the field is intensely competitive. Meanwhile, Solana Foundation's Vibhu clarified that the Foundation did not build the app, pushing back against critics by remarking that builders who do not want their host chain to have users should just use Arbitrum.[1]
Key facts
- Leap launched a beta iPhone app for trading tokenized stocks, ETFs, metals, currencies, and crypto on Solana.
- The app was built by the team behind Dialect and presented as a Solana Labs company.
- A portion of future transaction fees from Leap is planned to fund buybacks and burns of SOL.
- Solana Labs co-founder Anatoly Yakovenko noted that Labs is building a product to 'compete with everything' and stated Labs is separate from the Solana Foundation.
- Solana Labs co-founder Raj Gokal said Leap was developed to meet demand for disciplined, long-term investing and Solana-native asset support.
- Solana Foundation's Vibhu clarified the Foundation did not build Leap amid community friction over host-chain competition.
Sources · 4 sources
- SO
SolanaFloor@SolanaFloorPost on X ·
LATEST: @Solana Labs' launch of @leapxyz has sparked debate over competition with independent Solana ecosystem builders. Co-founder @toly says @solanalabs is building a product that will "compete with everything," while noting that Labs is separate from the Solana Foundation. Co-founder @rajgokal says Labs built Leap in response to demand for an app focused on disciplined, long-term investing, Solana-native assets and network performance. Meanwhile, Solana Foundation's @Vibhu clarified that Leap wasn't built by the Foundation and pushed back at an Arbitrum contributor, saying builders who don't want their host chain to have users should "just use Arbitrum."
Open source - DE
DecryptArticle ·
Solana Labs’ Leap Launches Mobile App for Trading Tokenized Stocks and Crypto Leap, built by the team behind Dialect, launched a beta iPhone app for trading tokenized stocks, ETFs, metals, currencies and crypto on Solana, pitching itself to traders looking beyond meme coins.
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
NEWS: @SolanaLabs launches @leapxyz, a new mobile trading app bringing tokenized stocks, ETFs and commodities, from memecoins to macro, into one platform. Early access starts today, with a portion of future fees planned to buy and burn $SOL. https://t.co/0azxMiS2vy
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @solanalabs UNVEILS @leapxyz - A MOBILE TRADING APP FOR TOKENIZED STOCKS, ETFS, COMMODITIES, CURRENCIES AND CRYPTO EARLY ACCESS STARTS TODAY https://t.co/UwsBySvy2n
Open source - CB
Crypto BriefingArticle ·
Solana Labs launches Leap trading app for tokenized stocks, ETFs and crypto Leap's launch could enhance Solana's ecosystem by integrating diverse assets, potentially increasing SOL's value through buybacks and burns. The post Solana Labs launches Leap trading app for tokenized stocks, ETFs and crypto appeared first on Crypto Briefing .
Open source