Gavel is becoming the most watched new launch platform in the Solana ecosystem. And its test token, IBRL, may be more than just a technical demonstration; it's a paradigm experiment on "fair launch." In the Solana ecosystem, where token issuances frequently encounter MEV front-running and bot arbitrage, Gavel hopes to break the deadlock with a new mechanism. Developed by the star team Ellipsis Labs, Gavel focuses on fair distribution, anti-sandwich attack AMM design, and automatic liquidity recycling, striving to provide project teams with structured, secure, and low-latency financing tools. To demonstrate the platform's complete process, Gavel launched the test token IBRL, simulating the entire "public offering - listing - burning" process. With no airdrops and no expected use, it attracted over 2,480 participants and raised over 30,000 SOL in a short period, with a market cap once exceeding $36.00 million. Jarry Xiao, the developer behind Gavel, previously worked at Solana Labs, and another founder participated in AMM research to prevent MEV attacks. The project has also received support from Paradigm and Solana founder toly. IBRL itself has long evolved from a test token into a symbol of the Solana community culture—its name, "increase bandwidth, reduce latency," is precisely the core of the Solana performance narrative repeatedly emphasized by toly. With the emergence of demands such as RWA and AI agents, the Solana network urgently needs efficient and secure infrastructure to accommodate the arrival of real-world assets and mainstream users. Whether Gavel's experiment can lead a wave of "professional launch platform" transformation remains to be seen, but it is showing us another possibility for the Solana on-chain capital market.

The on-chain order book exchange Kuru announced the completion of a $2 million seed round financing, led by Electric Capital.

DEX Kuru completed a $2 million seed round financing, led by Electric Capital.

Kuru Raises $2 Million for On-Chain Orderbook Exchange on Monad Blockchain