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ORO Labs has raised $1.5 million in a pre-seed funding round led by 468 Capital, aiming to innovate gold trading through a tokenized protocol on Solana. The startup plans to transform gold into a liquid, income-generating asset, allowing users to earn yield and trade gold-backed assets with instant settlements.Additionally, ORO Labs signed a Memorandum of Understanding at the Abu Dhabi Global Market, highlighting its expansion plans in the UAE, a major hub for gold trade with over $100 billion in annual transactions.
Vayana, a Pune-based supply chain finance startup, has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India. The company is planning to raise $20 million. Other fintech startups like Jupiter and Cred have also recently obtained lending licences from the central bank.
In January, Solana ecosystem users will benefit from two significant airdrops: Sonic will distribute 7% of its SONIC token supply on January 7, rewarding TikTok onboarded users, while Jupiter plans to airdrop $625 million worth of JUP tokens to around 2.3 million eligible wallets. Jupiter's tiered airdrop will reward users based on their trading activity, with those accumulating over $800 in trading volume receiving 50 JUP, and those with $14 million in volume getting 20,000 JUP.
Solana (SOL) has resumed its bullish trend, recently reaching $232 after a two-week correction, with analysts predicting a potential price surge to $4,000 based on a bullish "cup and handle" pattern. Despite mixed technical signals, Solana's Total Value Locked has hit $9.198 billion, reflecting strong interest in its DeFi ecosystem, while DEX volumes have seen a 25% decline. Recent developments, including Grayscale's filing for a spot Solana ETF, have further fueled optimism, although the platform faces challenges with trading activity stability.
Jupiter, a decentralized exchange aggregator on Solana, has approved a proposal to airdrop $860 million in JUP tokens to community voters as part of the "Jupuary" initiative. This move aims to incentivize long-term participation and ensure benefits for genuine users, excluding bots and speculators. The airdrop is part of a broader strategy to strengthen the Jupiverse and will coincide with the upcoming "Catstabul" event, which will introduce new initiatives for token utility.
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