'Binance Listing' BioProtocol, Expanding to Solana
JOON HYOUNG LEE
Summary
- BioProtocol is preparing to expand to the Solana network and has expressed a positive outlook on DeFi.
- They reported that data transfer between the Solana and Ethereum networks will be facilitated through a cross-chain bridge.
- BioProtocol has been selected for Binance's Launchpool project and announced future listing schedules.
BioProtocol (BIO) is pushing for an expansion to the Solana network.
BioProtocol announced through X that "DeFi based on Solana is inevitable" and proposed "bridging BioProtocol to the Solana network" on the 26th.
The proposal from BioProtocol includes plans to build cross-chain bridge infrastructure with the Solana network. A cross-chain bridge is a technology that connects incompatible blockchain networks to transfer data, virtual assets, etc. Currently, BioProtocol is based on the Ethereum network.
Meanwhile, BioProtocol was selected as the 63rd Launchpool project on the global virtual asset exchange Binance on the 23rd. BioProtocol will be listed on Binance on the 3rd of next month.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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