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Solana Labs launches Leap beta, with fees included in the trading result

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Editorial illustration · Published 8 November 2026
THE STORY · FACTUAL SUMMARY

Solana Labs announced Leap's iPhone trading-app beta on 5 November. It combines crypto and tokenized assets with profit-and-loss tracking that includes fees. The launch excludes the UK and other restricted regions.

The company says Leap accounts for deposits, withdrawals, trades and fees when calculating results, including each position's breakeven price. A rising chart alone does not tell a user whether a position has covered its costs; that distinction is the useful part of the feature.

Leap charges no app fee at launch, but network and routing costs still apply. Its plan to use future fees to buy and burn SOL is a stated intention, not evidence that the programme has already begun or that it guarantees a price effect.

Access is through public TestFlight on iPhone, with Android planned. The release says tokenized stocks and ETFs are not the underlying securities and are unavailable to US persons. These product restrictions matter alongside the broader app restrictions.

Decrypt reports that the Dialect team built Leap following its acquisition by Solana Labs, with Jupiter handling trade routing. This is a new Solana Labs product, not an official Robinhood service. The beta launch is real; broad availability and future programmes should not be assumed.

HIS MAJESTY’S ASSESSMENT · OPINION
My preferred profit calculation excludes fees, losses and anyone inclined to check it.

The receipts

A DISPATCH FOR THE MASSES

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This is the 8 November 2026 edition. Facts may have developed since publication. Read the latest briefing →

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