The BIO Protocol, a decentralized science (DeSci) initiative backed by Binance Labs, has taken a significant step towards increasing its influence in the blockchain ecosystem. The project has proposed the inclusion of its BIO token into the Solana network, targeting Solana’s low transaction costs and scalability.
This concept includes token deployment on Solana, the establishment of a strong cross-chain bridge infrastructure, and the creation of a cross-chain liquidity pool using an additional one percent of ecological incentive money. By expanding into Solana, Bio Protocol aims to enhance the accessibility and efficiency of early-stage scientific research support.
The project announced its new proposal on Twitter, stating that it plans to bring the BIO token to Solana, deploy on-chain liquidity, and power consumer products that enable scientists and patients to create and consume science in new ways.
This strategic decision aligns with BIO Protocol’s ongoing goal of revolutionizing the funding and commercialization of scientific research. Currently operating on Ethereum, the protocol focuses on various areas such as cryopreservation, women’s health, and psychedelic treatments for mental health through its seven-BioDAO network.
The integration of Solana is expected to expand the scope and influence of these community-driven scientific projects. Additionally, it aims to boost the popularity of the BIO token among investors and academics in the blockchain ecosystem.
Bio Protocol’s impressive expansion since its inception is particularly noteworthy, especially following Binance Labs’ investment in November 2024. This investment was seen as a significant milestone in utilizing blockchain technology for scientific discovery and aimed to accelerate DeSci funding.
The project has also gained attention for its ranking of 63rd on Binance Launchpool, which allows users to stake tokens and grow BIO. Solana, on the other hand, has proven to be a strong competitor in the blockchain space, surpassing Ethereum (ETH) and Bitcoin (BTC) in various key criteria.
According to Glassnode reports, Solana’s price and trading volume have surpassed those of its larger counterparts. Furthermore, the network has experienced a consistent net capital inflow since September 2023, with a daily new capital flow into its ecosystem reaching $776 million.
At the time of writing, SOL is trading at approximately $193.83, experiencing a 2.67% decline in the last 24 hours, causing its market cap to fall below the $93 billion mark.