BICONOMY (BICO) Price (BICO)

Biconomy (BICO) is a multichain relayer protocol that seeks to enhance the user experience on decentralized applications (DApps). It strives to make web3 products as intuitive and user-friendly as web2 products. Biconomy focuses on transaction management and gas optimization, and aims to reduce gas costs. It achieves this by utilizing meta transactions, which allow users to submit a transaction with zero gas, with a third party covering the transaction fees. Biconomy's non-custodial and gas-efficient relayer infrastructure network enables this process at scale.

Biconomy works by providing an infrastructure that addresses several web3 bottlenecks. It allows protocols to onboard users without them having to pay gas fees. Users can pay gas in an ERC-20 token of their choice, avoiding blockchain complexities like network changes. Transactions aim to be confirmed more quickly, enhancing the overall user experience. Biconomy's protocol uses meta transactions, which means users can submit a transaction with zero gas, and a third party pays the transaction fees. This approach is made possible by Biconomy's non-custodial and gas-efficient relayer infrastructure network.

Biconomy has a wide range of potential use cases, particularly in improving the user experience on decentralized applications. For instance, Curve Finance uses Biconomy to perform meta transactions for gasless BTC deposits, allowing users to provide liquidity without paying gas to swap them for RENBTC. Perpetual Protocol offers gasless transactions to its traders on the xDAI chain thanks to Biconomy, eliminating the need for users to change the RPC url in their web wallet. Decentral Games aims to improve the gaming experience by removing gas fees with Biconomy's help, and Sapien Network enables gasless transactions for bloggers on its platform.

Biconomy was founded by an international team of blockchain entrepreneurs, including Ahmed Al-Balaghi, Sachin Tomar, and Aniket Jindal. Al-Balaghi, a Queen Mary University alumnus, has spent over three years in the blockchain industry in China, the UK, and the United Arab Emirates. Tomar and Jindal are Indian blockchain entrepreneurs with backgrounds in software engineering and blockchain projects, respectively. Biconomy has backing from various blockchain venture capitalists. The BICO token, the network's native utility token, was introduced with a total supply of 1 billion. BICO is used to pay transaction fees, receive compensation from staking, and vote on governance proposals.

We update our BICONOMY (BICO) to GBP currency in real-time. Get the live price of BICONOMY (BICO) on Coinbase.

The current market cap of BICONOMY (BICO) is £161.61M. A high market cap implies that the asset is highly valued by the market.

The all-time high of BICONOMY (BICO) is £19.20. This all-time high is highest price paid for BICONOMY (BICO) since it was launched.

Over the last 24 hours, the trading volume of BICONOMY (BICO) is £16.23M.

Assets that have a similar market cap to BICONOMY (BICO) include Band Protocol, iExec RLC, Flux, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of BICONOMY (BICO) is 925 million.

The median time that Coinbase customers hold BICONOMY (BICO) before selling it or sending it to another account or address is 13 days.

BICONOMY (BICO) ranks 169 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 58% of Coinbase users are buying BICONOMY (BICO). In other words, 58% of Coinbase customers have increased their net position in BICONOMY (BICO) over the past 24 hours through trading.

Yes, BICONOMY (BICO) is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy BICONOMY (BICO) guide.