Solana (SOL Coin) started the new year with a big boost by entering a new stock exchange listing. SLP Governance (Realms) is now integrated into the OKX Web3 wallet. KuCoin Labs announced a strategic investment in Inscription Protocol’s first cross-chain system, ISSP. And more!
There are hot developments for SOL Coin, SLP, JUP and these 4 altcoins….
Solana was listed on another exchange. SOL Coin jumped 11%
cryptokoin.comAs you follow from , Solana started 2024 with a big leap. In this leap, SOL Coin was listed on a new stock exchange. Singapore-based crypto exchange Crypto.com announced the listing of four SOL Coin-based trading pairs. Crypto.com announced that new trading pairs HNT/SOL, ORCA/SOL, JTO/SOL and MNDE/SOL are now available on its platform.
Considering that HNT, ORCA, JTO, and MNDE are Solana ecosystem tokens, the listing represents positivity for SOL Coin. MNDE is the native token of Marinade Finance, a non-custodial liquid staking protocol built on the Solana Blockchain. JTO is the native token of Jito, a Solana-based decentralized finance (DeFi) platform. Orca is an Automated Market Maker (AMM)-based decentralized exchange (DEX) built on Solana.
SLP Governance integrated with OKX Web3 wallet
SLP Governance (Realms) is now integrated into the OKX Web3 wallet. Users can create DAOs, manage their members, vote on proposals, and allocate funds through the SLP Governance platform using the OKX Web3 wallet plugin. SLP Governance is the main platform for DAO governance on the Solana network. Most mainstream protocols are managed through this platform.
KuCoin Labs makes strategic investment in cross-chain system ISSP
KuCoin Labs announced a strategic investment in ISSP, Inscription Protocol’s first cross-chain system combining Launchpad, Marketplace and Swap. ISSP uses the indexer embedded in the Sui node to index Inscription data. Thus, it achieves the highest performance and most stable Inscription usage experience. At the same time, Inscription increases its liquidity. In addition, it extends traditional Inscription protocols to support rapid reloading into Inscription trading platforms without the need for additional technical development integration with the trading platform.
Owlto Finance published its 2023 year-end summary
Owlto Finance has published its 2023 year-end summary. In less than 6 months since its launch, Owlto Finance has experienced rapid growth. Additionally, he achieved multiple milestones. The first project to support cross-chain bridge projects in the Base and Zora networks. It also has the highest TXN in the Scroll ecosystem. Additionally, it is one of the most widely used cross-chain bridges for user participation in Manta and Starknet interactions.
Owlto Finance has also released several tools to help users engage in interactions, including the only Scroll smart contract one-stop deployment tool in the entire network, the first EVM authoring tool in the entire network, the ZKFair airdrop bulk query tool, and the login function that facilitates user interaction with zkSync. In terms of data, Owlto Finance has never had a case of theft. Additionally, the cross-chain completed more than 90% of transactions within 30 seconds. As of now, Owlto Finance is integrated with 22 blockchain networks, 11 wallets and 6 tokens.
Jupiter’s co-founder made a statement regarding token distribution
Jupiter co-founder Meow revealed more information about the JUP token on social media. Meow stated that the current plan is as follows:
- Minting 10 billion JUP tokens.
- Distributing 10 billion JUP tokens equally between two cold wallets in a 50:50 ratio. One of them will belong to the team, the other will belong to the community.
- Withdrawing 10% of tokens from the team wallet to ensure liquidity.
- Withdrawing 15% of tokens from the community wallet for the first airdrop and early community activities.
Meow stated that the team wallet is initially expected to use 5% of the tokens to generate initial liquidity. He also added that the distribution of the remaining tokens has not yet been determined. However, on the first day, 1-2% of tokens will be available for liquidity. Overall, 15%-17.5% of JUP tokens will enter circulation on the first day. Additionally, expectations are that 10%-7.5% of tokens will be stored in hot wallets and 75% in cold wallets.
Scroll announced its 2024 road map
Sandy, co-founder of Layer 2 network Scroll, announced Scroll’s 2024 roadmap. In addition, Scroll will launch some trade show launch projects this month. Sandy announced that the roadmap includes the following plans:
- Reducing cross-chain costs by 50%.
- Compressing data and using 4844 data blocks to reduce transaction fees.
- Supporting EIP 1559 transaction types and SHA256 precompilations.
- Adding multiple validators.
- Introducing decentralized proof.
- Running parallel EVM.
Polkadot-based Astar (ASTR) jumps 25%
Polkadot’s largest para-chain protocol, Astar Network (ASTR), dazzled market bears with its price increase today. ASTR increased by 25.24% on the day. Thus, Astar Network increased its earnings last week to 51.18%, while its monthly earnings exceeded 129%. It is not uncommon for Astar Network to make impressive or parabolic price runs. This rise has a number of undertones that limit technology and community support plans. Astar has a road map for its protocol called Astar 2.0, which is planned to be implemented this year. The Astar 2.0 driver will herald some technological advances that include fair distribution of block resources and the introduction of an efficient burning mechanism.
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