BICO (Biconomy) rose 19.26% in the last 24 hours.

Gate News Bot news, on July 25, according to CoinMarketCap data, as of the time of writing, BICO (Biconomy) is currently priced at $0.12, with a rise of 19.26% in the last 24 hours, reaching a high of $0.12 and a low of $0.10. The current market capitalization is approximately $118 million, an increase of $19 million compared to yesterday.

Biconomy is a multi-chain infrastructure platform that provides developers with a unified interface for blockchain interactions. Its core features include cross-chain abstraction, cross-chain composability, and multi-chain gas abstraction. BICO powers and secures the Biconomy network through economic incentive mechanisms. The platform has processed over 67 million transactions, has more than 1.6 million smart accounts, and over 5 million total users, with a transaction volume exceeding $3 billion.

Important news about BICO recently:

1️⃣ The advantages of multi-chain infrastructure continue to stand out Biconomy, as a multi-chain infrastructure platform, offers great convenience for developers with its cross-chain abstraction and composability features. As the blockchain ecosystem continues to evolve, the demand for multi-chain interoperability is increasingly urgent, and Biconomy's core advantages are gaining market recognition, which may be one of the important factors driving the rise in BICO prices.

2️⃣ User base and trading volume continue to rise The Biconomy platform has processed over 67 million transactions, has more than 1.6 million smart accounts, and a total user count exceeding 5 million, with a transaction volume of over 3 billion USD. These figures indicate that Biconomy has made significant progress in user adoption and practical application, providing solid support for the value of BICO.

3️⃣ Multi-chain gas abstraction function attracts developer attention Biconomy's multi-chain gas abstraction feature simplifies the complexity of cross-chain interactions for developers, helping to reduce development costs and improve efficiency. This innovative characteristic is attracting more and more developers to pay attention to and use the Biconomy platform, which could become an important factor in driving the rise of BICO demand.

From a technical perspective, after BICO breaks the 0.12 dollar mark, it may face some short-term pullback pressure. However, considering the continuous improvement of its fundamentals, it is still expected to maintain its rise in the medium to long term.

This message is not intended as investment advice; investors should be aware of market volatility risks.