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BIO Protocol Expands to Solana: What This Means for DeSci

BIO Protocol Expands to Solana: What This Means for DeSci

CoinEditionCoinEdition2024/12/17 16:00
By:Parth Dubey

BIO will soon launch on the Solana blockchain, confirmed founder Paul Kohlhaas. As of November, the DeSci project has raised a massive $33 million. BIO Protocol will participate in the JP Morgan Healthcare Conference next month.

  • BIO will soon launch on the Solana blockchain, confirmed founder Paul Kohlhaas.
  • As of November, the DeSci project has raised a massive $33 million. 
  • BIO Protocol will participate in the JP Morgan Healthcare Conference next month.

BIO Protocol, a Binance Labs-backed decentralized science (DeSci) project, is expanding to Solana. Leveraging Solana’s scalability and low fees, this move could revolutionize the DeSci market. With $33 million in funding, BIO Protocol aims to transform how early-stage scientific research is funded and commercialized.

BIO Protocol Expands to Solana: What This Means for DeSci image 0 BIO Protocol Expands to Solana: What This Means for DeSci image 1

Expanding Beyond Ethereum

Currently operating on Ethereum with seven “ BioDAOs ,” BIO Protocol is broadening its reach by expanding to Solana and other blockchains. This launch highlights the growing potential of Solana’s ecosystem in driving innovation in DeSci.

The protocol focuses on researching cryopreservation, women’s health, and psychedelics for mental health. It plans to expand research initiatives to chronic diseases and COVID. BIO Protocol’s founder and CEO, Paul Kohlhaas, announced the Solana launch on X , hinting at potential airdrops to major pharmaceutical companies.

BIO Protocol will also participate in the JP Morgan Healthcare Conference next month, highlighting the growing convergence of digital assets and healthcare.   

Is DeSci the Next Bullish Trend?

The DeSci sector is currently valued at $1.18 billion, with $185.6 million worth of tokens traded in the past 24 hours. Top DeSci tokens include OriginTrail (TRAC), VitaDAO (VITA), ResearchCoin (RSC), Hippocrat (HPO), and AxonDAO Governance Token (AXGT).

In the last seven days, VITA surged 61% and RSC skyrocketed 33%, while TRAC fell 11.4% and AXGT dropped 5.7%. Other DeSci projects also saw declines last week, with Urolithin A ($URO) falling 20.6% and Rifampicin ($RIF) crashing 13.6%. However, $RIF shot up 50% in the past 24 hours.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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