The Solana Foundation launched Frontier Traders Thursday afternoon, a formal institutional program for elite trading firms, with the first qualifying campaign opening on SpaceX tokenized equity Friday.
The entry bar sits at $500 million in trailing 30-day onchain DEX volume combined with $16 million in gross time-weighted open interest. Three VIP tiers scale from there: VIP 1 for $500M–$2B in volume, VIP 2 for $2B–$5B, and VIP 3 for $5B and above. Maker minimums are reviewed directly with firms that can provide competitive liquidity. Members receive trading rebates across all Solana venues, priority RPC access, early access to asset launches through Asset Express, and invites to quarterly closed-door briefings. Jupiter Exchange is the program's featured venue partner; VIP enrollment closes June 18.
Firms below the volume threshold can qualify through time-limited campaigns. The first campaign opens on SpaceX tokenized equity, starting Friday. The choice of SpaceX as the debut asset places Solana directly in the pre-IPO derivatives race: Trade.xyz launched a synthetic SpaceX perpetual on Hyperliquid in May; Bybit and Kraken followed in June with 1:1 equity-backed SpaceX exposure via Backed Assets' xStocks, bringing the active venue count to four before Thursday's announcement.
