Trade Pearl ($PRL), crypto, RWAs, and more with 24/7 leveraged access to global markets on @solana Built by @solayer_labs
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Joined August 2025
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1/ Read @brezshares's notes on the pearl-2:native founder AMA twice. Worth it.
TLDR: FP8 fork is ready. Verifiable inference is coming. Overhead is ~0%. And 15% of GPUs buying pearl-2:native with inference margins absorbs ALL emissions at 10–30x FDV.
Here's why we think pearl-2:native is the AI bitcoin:native 🧵
$PRL is up ~590% in 60 days, hit an ATH of $2.10 last week and just entered CoinGecko’s top 100.
margin.trade is now on CoinGecko too. We’re the only place there to trade PRL spot in USDC, with PRL perps in the same account.
Find us on CoinGecko 👇
coingecko.com/en/exchanges/m…
Margin Trade is now live on @coingecko 🤝
Look up pearl-2:native and we show up under Markets, spot and perps. Bullish!
pearl-2:native is up 24% this week to about $1.44, with roughly $5M in daily volume across venues.
Both PRL perps and PRL/USDC spot are live on margin.trade, and these are the only two markets there where makers earn a rebate.
Trade pearl-2:native on margin.trade:
Perps: margin.trade/trade/PRL
Spot: margin.trade/trade/PRL-USDC
Throwback to 4 months ago when we became the first to launch pearl-2:native perps, so early the pearl-2:native cashtag didn't even exist.
We're still early: trade pearl-2:native spot and perps with up to 3x leverage on Margin.Trade
pearl-2:native is now 0.163% of $BTC on a fully diluted basis, up 1.8x since June and just under last week's 0.181% peak.
PRL perps up to 3x with maker rebate: margin.trade/trade/PRL
Source: prlstats.com/
We are the first to launch PRL perps. Makers get paid — trade pearl-2:native spot & perps (up to 3X):
margin.trade/trade/PRL
pearl-2:native (@prlnet) perps have been live on margin trade since June.
We listed them before we even had PRL spot.
Good to see the rest of the market catching up.
Up to 3x leverage.
Limit orders earn a rebate — we pay you to make the market.
margin.trade/trade/PRL
A Bitcoin ASIC only mines $BTC. Price falls below cost, hashrate goes with it.
pearl-2:native costs $0.089 on an idle GPU in an AI fleet. Most of its 58.9 EH/s is hardware with another job, and price can't switch that off. #PoUW
Source: prlstats.com by @jeremiahrogers
We run $PRL perps — the only place to take a leveraged view on $PRL, or lock in a price on coins you haven't mined yet.
> margin.trade/trade/PRL
Ansem said "proof of useful work" on stream: GPUs training models, not burning hashes for nothing.
Compute is crypto's scarcest resource: the question is which chain captures it.
pearl-2:native: 66 EH/s of GPU work and climbing. Narrative catching up to the chain.
And if you want to trade the thesis:
$PRL perps are live on Margin Trade — the first and only leveraged PRL market, up to 3x: margin.trade/trade/PRL