Solana Labs Unit Leap Tests iPhone App Aimed at Long-Term Traders

By Coinvote

Published November 6, 2026 - 07:23 UTC | 4 mins read

Solana Labs Unit Leap Tests iPhone App Aimed at Long-Term Traders

Leap, a Solana Labs company, has started an iPhone beta of an app covering tokenized equities, funds, metals, currencies and crypto on the network. Access is limited by region, and the launch tests whether traders will move from meme coins to tokenized assets.

Solana Labs unit opens a beta for round-the-clock trading

Decrypt reported that Leap, a newer Solana Labs business, put a beta of its phone trading app out on Thursday. Users can deal in tokenized equities, exchange-traded funds, metals, currencies and crypto without leaving one screen. Decrypt said trading runs around the clock, subject to restrictions.

Early access runs on iPhone via Apple's public TestFlight, and an Android release is said to be coming soon. The Defiant also reported the iPhone beta. It said trades are routed through Jupiter and that tokenized securities are off limits to US persons and to people in various other large jurisdictions.

A Dialect team behind the product, and a pitch against meme coin speed

According to Decrypt, the Dialect team, which Solana Labs bought earlier this year, built Leap. Dialect also developed Solana Actions and Blinks, which let blockchain transactions be shared as links, and the cashtags feature on X. Chris Osborn, Dialect's founder, is Leap's general manager.

Decrypt described the company as positioning the app against fast-paced meme coin trading. It is aimed at users seeking a more considered, longer-term approach. For that purpose, Leap's researchers select news that may move markets and attach each item to the price chart at the time of publication.

Leap also keeps a running profit-and-loss record that counts deposits, withdrawals, trades and fees, and shows the breakeven price of every position. Orders are entered as dollar amounts, and each one is carried out as a swap on the blockchain.

The numbers and terms reported so far

Most of the figures and terms below come from Decrypt's reporting. The fee structure matters because Leap is not charging its own fees at launch, although network and routing costs still apply.

Osborn said Solana now confirms a trade in about 150 milliseconds, crediting the Alpenglow consensus overhaul.
Leap intends to direct later fee revenue toward purchasing and destroying SOL, and toward paying for referrals.
Founders Club members, drawn from the early waitlist, would receive 30% of trading fees from people they invite.
Those members would also earn 5% from the referrals of the users they bring in.
Jupiter handles trade routing, while Helius provides infrastructure and Birdeye supplies market data.
Decrypt reported objections from 56 companies to their shares being offered on OKX and on a tokenized stock venue that ICE is planning.

Where the two outlets' accounts line up and where they differ

The two outlets agree on the basics: Leap is a Solana Labs product, the beta is on iPhone, and the offering includes tokenized securities alongside crypto. They emphasize different restrictions. The Defiant's summary highlights Jupiter routing and a bar on tokenized securities for US persons and for people in various other large jurisdictions. Decrypt names the U.K. and says other restricted regions are also excluded.

The two accounts do not conflict, but they are not equally detailed. The Defiant's piece was available only as a headline and summary, so details beyond the routing and eligibility limits cannot be confirmed from it. The full list of excluded jurisdictions is not spelled out in either outlet's reporting, so prospective users would need to check the app's own terms.

Why a tokenized-asset app matters for Solana traders and teams

Decrypt placed the launch in a wider trend of tokenized stocks gaining traction on Solana and elsewhere. It said Securitize has brought tokenized Nvidia, Apple and Amazon shares to Solana. It also noted the pushback from the 56 companies that object to their shares trading on OKX and on ICE's planned venue. Tokenized securities therefore remain contested by some of the issuers whose shares they track.

Solana's DeFi total value locked stands at $5.28 billion, according to DefiLlama. That is the pool of capital that apps like Leap, through Jupiter routing, could tap into or add to. Leap's intention to put later fee revenue toward buying and burning SOL would, if carried out, tie the app's activity to the token's supply. Neither outlet says how large those fees might become.

For readers who follow speculative tokens, Coinvote tracks 3,748 projects on its meme coin rankings. It logged 54 additions in the last seven days and 451 community votes today. Coinvote's new Solana token listings show 51 additions over the same seven days and 806 votes today. Those figures show how much of the activity Leap is positioning itself against is still happening.

What to watch as the beta develops

Several questions remain open. Neither outlet says how many users have access to the beta or when Android will arrive. The sources also do not say when Leap will begin charging fees, or how much of them will go to the SOL burn rather than to referrals.

The regulatory position of tokenized securities is also unsettled in the markets the app excludes. Teams building on Solana may want to check how Leap's eligibility limits compare with their own user bases. Traders can review the app's terms and its fee disclosures before the fee structure changes after launch.

A further test is whether the 150-millisecond confirmation figure holds up under real trading load. Osborn's figure is a claim from Leap's own general manager, and independent measurements were not part of the reporting.

On Coinvote

Best Meme Coins Today: Top Memecoins: 3,748 projects tracked, 54 new listings in 7 days, 451 community votes today.
New Meme Coins Launched Today: 3,748 projects tracked, 54 new listings in 7 days, 451 community votes today.
New Solana Tokens Listed Today: 3,801 projects tracked, 51 new listings in 7 days, 806 community votes today.
Best Solana Meme Coins Today: 2,473 projects tracked, 30 new listings in 7 days, 262 community votes today.

FAQ

What is Leap and what can users trade on it?

According to Decrypt, Leap is a Solana Labs company whose mobile app offers tokenized equities, funds, metals, currencies and crypto. The iPhone beta is in early access through TestFlight, and an Android version is described as coming soon.

Who cannot use Leap's tokenized securities?

The Defiant reported that tokenized securities are off limits to US persons and to people in various other large jurisdictions. Decrypt said the app is not available in the U.K. or other restricted regions.

Does Leap charge fees?

Decrypt reported that Leap adds no fee of its own at launch, although network and routing costs still apply. It plans to use later fees to purchase and burn SOL and to pay for a referral program.