GMTrade launches 24/7 commodity perpetual trading on Solana

  • GMTrade launched 24/7 commodity perpetual futures on Solana.
  • Contracts cover gold, silver and West Texas Intermediate crude oil.
  • Chainlink Data Streams supplies price data for the cash-settled contracts.

Solana-based decentralized exchange GMTrade has introduced 24/7 perpetual futures for gold (XAG), silver (XAG) and West Texas Intermediate crude oil (WTI). The cash-settled contracts track spot prices and give traders exposure without requiring ownership of physical commodities or tokenized versions. Chainlink Data Streams supplies low-latency, high-frequency price data through a decentralized oracle network. Unlike conventional futures, the contracts have no expiration date and use funding rates to keep prices aligned with the underlying assets. GMTrade says the offering expands on-chain access to traditionally centralized commodity markets and adds non-crypto assets to Solana's DeFi ecosystem.

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