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- BIO Protocol expands its BIO token to Solana, boosting decentralized science funding with cross-chain infrastructure.
- Solana outpaces Ethereum and Bitcoin in trading volume and capital inflows, strengthening its blockchain ecosystem.
The BIO Protocol, a Binance Labs-backed decentralized science (DeSci) initiative, has made a major step in increasing its influence in the blockchain ecosystem. Targeting Solana’s low transaction costs and scalability, the project just suggested including its BIO token into the Solana network.
Token deployment on Solana, strong cross-chain bridge infrastructure, and cross-chain liquidity pool creation using an extra one percent of ecological incentive money are all part of this concept. Expanding into Solana, Bio Protocol hopes to improve supporting early-stage scientific research accessibility and efficiency.
New Proposal: Bridge $BIO to @solana
DeSci on Solana is inevitable
1. Bring the $BIO token to Solana
2. Deploy onchain liquidity
3. Power consumer products that let scientists and patients create and consume science in new ways pic.twitter.com/GLQWttRjWl— BIO Protocol (@bioprotocol) December 25, 2024
BIO Protocol: Revolutionize Scientific Funding and Expand Impact
This strategic decision is in line with BIO Protocol’s continuous goal of changing the funding and commercialization of scientific research. Currently running on Ethereum, the protocol claims a seven-BioDAO network concentrated on several areas like cryopreservation, women’s health, and psychedelic treatments for mental health.
The integration of Solana is supposed to increase the scope and influence of these community-driven scientific projects. Moreover, it sets the BIO token to be more popular among blockchain ecosystem investors and academics.
Particularly in light of Binance Labs’ November 2024 investment, Bio Protocol has shown impressive expansion from its founding. Celebrated as a turning point in using blockchain technology for scientific discovery, this financial support sought to hasten DeSci funding.
Additionally attracting interest is the project, which ranks 63rd on Binance Launchpool and allows users to stake tokens to grow BIO.
Notably, Solana has kept proving to be a strong competitor in the blockchain space, outperforming Ethereum (ETH) and Bitcoin (BTC) in most important criteria.
As we previously reported, Glassnode reports that Solana’s price and trading volume have risen more than those of its bigger peers. Furthermore, from September 2023, the network has kept a good net capital inflow, and daily new capital flows into its ecosystem at $776 million.
Meanwhile, at the time of writing, SOL is trading at about $193.83, down 2.67% over the last 24 hours, dropping its market cap down below the $93 billion mark.
