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.
Picasso Price Analysis
As of April 24 2025 Picasso has a marketcap of $507K.
This is {{percentagefromath}} from its all time high of $0.02857193.
In terms of its tokenomics, there's a total supply of 10B with 92% currently outstanding.
Keep in mind Picasso has a fully diluted value of $550K which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
