Author: Nancy, PANews
Increase Bandwidth Reduce Latency is a key concept frequently mentioned by Solana co-creator toly, which has recently drawn market attention to the MEME coin IBRL. Meanwhile, the emerging Launchpad platform Gavel behind IBRL has become a new star in the Solana ecosystem by addressing challenges such as MEV and bot frontrunning.
Breaking Through MEV and Bot Frontrunning, Development Team Ellipsis Labs Launches New Project
Recently, Gavel has sparked heated discussions on social media with its innovative mechanism and has been publicly mentioned and affirmed by toly multiple times.
According to the introduction, Gavel is a full-chain capital formation and liquidity launch platform for Solana, dedicated to solving common issues in on-chain financing such as bot frontrunning, MEV attacks, and liquidity sandwich attacks.
Gavel's core mechanisms include: fair distribution mechanism (supporting multiple public issuance methods, token allocation based on contribution ratio), anti-sniping mechanism (preventing bot frontrunning profits, ensuring consistent financing and listing prices), anti-sandwich AMM (exclusive AMM architecture design to prevent front-running and back-running user exploitation), temporary liquidity (automatically batch-recovering liquidity funds for token buyback and burning), and on-chain governance with automated execution.
Simply put, Gavel's design philosophy is to reduce the negative impact of MEV on users and projects through technical means, enhance the fairness and security of token issuance, and provide efficient, low-cost financing and liquidity launch solutions for Solana projects.
To demonstrate Gavel's full-process capabilities, the team specially launched the test token $IBRL to simulate the complete mechanism of "public offering + listing + liquidity recovery + token burning". This token has no current or future utility, with 100% of funds used to verify Gavel's operational logic.
The $IBRL public sale attracted 2,480 investors, raising a total of 30,747 SOL. As of the time of writing, Gavel's data shows that $IBRL's market cap exceeds $36 million, with a 24-hour trading volume of around $32 million. Currently, approximately 3.97 million tokens have been burned, with about 17,000 SOL remaining to be burned.
The development company Ellipsis Labs is the driving force behind Gavel and a star development team in the Solana ecosystem. They have previously launched well-known projects Phoenix, SolFi, and SolFi, and received investment support of tens of millions of dollars from Paradigm, Robot Ventures, Paradigm, and toly himself. Co-founder Jarry Xiao previously worked at Solana Labs, and the other co-founder @0xShitTrader has repeatedly mentioned the negative impact of sandwich attacks on the Solana ecosystem. Through the unofficial Solana research institution Umbra Research, he collaborated with Paradigm executives on research about anti-sandwich attack AMM (sr-AMM), which is the basis for Gavel's sr-AMM.
Therefore, Gavel does not aim to compete with low-barrier MEME launchpads like Pump.fun, Letsbonk.fun, and Believe, but instead focuses on providing a more professional and defensively robust issuance mechanism for Solana projects requiring high-standard, structured financing.
For Solana, Gavel's emergence not only provides project parties with more reliable issuance tools but could also become a key variable in attracting quality projects. Franklin Templeton recently reported that 70% of AI agents prefer deployment on Solana due to its high performance and low-cost transaction characteristics, yet Solana has long been a hotspot for MEV.
Solana's MBTI Personality, IBRL as an Alternative Community Culture
Since last year, toly has frequently mentioned "Increase Bandwidth Reduce Latency" in his tweets, positioning it as the core technical narrative for Solana network performance optimization. IBRL not only reflects Solana's technological vision in the blockchain field - lowering barriers to decentralized capital markets through high throughput and low latency - but also demonstrates its ambition to replicate traditional capital market depth and liquidity through technological innovation, aiming to eliminate high-cost intermediary institutions and enable ordinary users to participate in more mainstream markets at low cost.
In one tweet, toly humorously compared IBRL to Solana's "MBTI personality type", emphasizing its high performance and innovative characteristics in the blockchain field. He also shared on Twitter a Solana roadmap website created by Helius CEO Mert Mumtaz, which contains only one sentence: "IBRL", directly pointing to Solana's core concept.
Especially now, as Solana shows rapid expansion in the RWA field, infrastructure like Gavel can provide professional matching functions for tokenized assets, further opening up RWA development space and helping to realize the IBRL narrative vision. For example, Kraken announced a collaboration with Backed to launch the xStock platform on the Solana blockchain, offering tokenized versions of US stocks for qualified clients outside the US market; the private Corda blockchain development team R3 will collaborate with Solana to enter the public "internet capital market", with over $10 billion in real-world on-chain assets issued by asset management firms and banks; Monetary Metals and ORO Labs launched the first interest-earning gold token on Solana, providing a new asset class for generating returns for institutional investors; online brokerage Robinhood submitted a 42-page RWA tokenization framework proposal to the SEC, explicitly mentioning Solana and Base as its preferred networks for RWA exchanges.
It can be said that IBRL is not just a synonym for Solana's performance optimization, but is gradually evolving into a community cultural symbol and strategic vision, helping to build a high-performance on-chain capital market.
As one of the exploratory paradigms of this concept, Gavel is still in its early stages, and whether its mechanism can be widely implemented remains to be verified over time.
