Solana Ecosystem Sees Wave of Infrastructure Launches Including Native Payments, Mobile Trading, and Perpetuals Platform

The Solana ecosystem has expanded with several key infrastructure launches. The Solana Foundation deployed a native on-chain program for recurring payments, aiming to compete with giants like Stripe. Separately, perpetuals exchange Phoenix launched mobile browser-based trading, while Solayer released its Margin Trade mainnet, a multi-asset platform for trading crypto, commodities, and equities.

Solana native subscriptions program launch

• ▪The Solana Foundation has launched an on-chain program on its mainnet for recurring billing, capped allowances, and contractor payments
• ▪The new payments program is compatible with both SPL Token and Token-2022 standards and has been audited by Cantina
• ▪The Subscriptions Delegation Program supports three models: a fixed allowance with a cap, a recurring pull-payment delegation, and merchant-published subscription plans

Solana infrastructure competitive positioning

• ▪Margin Trade allows for multi-asset trading of crypto, commodities like gold and oil, and a synthetic U.S. equity index from a single account
• ▪On May 13, 2026, Phoenix recorded an all-time high daily trading volume of $4.3 million
• ▪At the time of the launches, Solana was the third-largest blockchain by total value locked (TVL) with $5.08 billion
• ▪Phoenix Trade, a perpetuals exchange on Solana, has launched mobile access for its trading platform via web browser, not requiring a separate app
• ▪The Solana payments program is designed to compete with off-chain payment processors like Stripe, which processed $1.9 trillion in total payment volume in 2025
• ▪Phoenix's platform uses a fully on-chain order book, unlike many competitors that rely on oracle-based pricing or off-chain engines
• ▪Solayer has launched the mainnet for Margin Trade, a new on-chain perpetuals trading platform built using the Solana Virtual Machine

Design partner integrations

• ▪Six design partners, including Helius, Dynamic, and Confirmo, are integrating the Solana Foundation's new payments program
• ▪Stablecoin payment gateway Confirmo will use the program to automate stablecoin invoice collection
• ▪Infrastructure provider Helius is using the program to let customers subscribe to API tiers directly on-chain
• ▪Wallet-as-a-service provider Dynamic is integrating the program into its checkout flows

Prior onchain billing protocol performance

• ▪Sablier, a token-streaming protocol from 2019, holds $3.54 million in active protocol total value locked
• ▪Superfluid, a streaming protocol launched in 2020, holds $4.54 million in total value locked across multiple chains
• ▪Previous on-chain recurring payment protocols like Superfluid and Sablier have not achieved mainstream merchant adoption