Solana Labs' subsidiary Leap launched a mobile trading app with plans to buy back and burn SOL.

Solana Labs' new subsidiary, Leap, has launched a high-performance mobile trading app of the same name, available for early access starting today. The app supports trading in tokenized stocks, ETFs, commodities, forex, and crypto assets, and provides profit and loss displays covering deposits and transaction fees. Leap plans to use a portion of each transaction fee to buy back and burn SOL after the fee is implemented. Solana's official account has confirmed this news.