Picasso is a DeFi infrastructure-focused Layer 1 protocol designed to address the challenges of cross-chain interoperability and security. It achieves this by extending the Inter-Blockchain Communication (IBC) protocol to connect multiple ecosystems, including Solana, Ethereum, Cosmos, and Polkadot. Picasso functions as a cross-ecosystem IBC hub, enabling secure asset transfers and facilitating the cross-pollination of assets, builders, and communities between these networks. The project also introduces a Generalized Restaking Layer, allowing users to enhance the security of various blockchain networks by restaking assets across multiple Proof-of-Stake (PoS) systems.
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476,486.00
24,287.00
-5.39
9,971,531,475.00
9,202,309,791.43
0.03
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2024-01-06
2025-04-07
4296
516,315.00