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Picasso Overview
24h High
$0.00
24h Low
$0.00
7d Change
+17.85%
30d Change
-44.52%
Volume 24h
$0
Market Cap
$12.57K
Circulating Supply
9.20B PICA
Picasso News
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About Picasso
Picasso is a Layer 1 blockchain focused on decentralized interoperability and cross-chain restaking. Built using the Cosmos SDK, it acts as an IBC hub connecting multiple blockchain ecosystems, including Solana, Ethereum, Polkadot, and Kusama. Its Generalized Restaking Layer enables users to restake PoS assets for additional yield and security. PICA, its native token, is used for staking, governance, and transaction fees. The protocol is maintained by the Composable Foundation and backed by prominent investors.
Picasso's core functionalities revolve around interoperability and restaking: - Cross-Ecosystem IBC: Picasso facilitates decentralized cross-chain transactions, messaging, and token transfers through the IBC protocol. It enables direct, non-custodial asset transfers without relying on trusted intermediaries. - Generalized Restaking Layer: The protocol allows users to restake assets from multiple PoS networks to secure services called Actively Validated Services (AVSes), such as bridges, sequencers, and oracles. This expands the concept of EigenLayer’s Ethereum restaking to a multi-chain environment. - Governance: PICA token holders can participate in protocol decisions, including onboarding new AVSes, restaking assets, and modifying network parameters. Governance occurs via Picasso’s OpenGov system. - Staking and Restaking Rewards: Users who stake PICA contribute to network security and receive rewards, including a share of transaction fees. Additionally, restakers earn a portion of revenue generated from AVSes. - Bridging Fees: A percentage of IBC transaction fees is allocated to PICA stakers. These fees are collected in bridged tokens and used to buy back PICA from the market, redistributing it to stakers.
Picasso was founded by Omar Zaki (Research Director), Miguel Santafé (Head of Design), and Blas Rodriguez Irizar (Chief Technology Officer - CTO). The project is developed and maintained by the Composable Foundation, an organization focused on cross-chain infrastructure and interoperability. Picasso is backed by investors including Coinbase Ventures, Blockchain Capital, Jump Capital, Spartan Group, GSR, and LongHash Ventures.
Picasso Markets
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Picasso Platforms
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Picasso Market Data
The live Picasso price today is $0.00 USD with a 24-hour trading volume of $0.00 USD. We update our PICA to USD price in real-time. Picasso is tracking market moves in the last 24 hours.
The current market cap is $12,573.97 USD. The circulating supply is 9,202,167,247 PICA out of a max supply of 10,000,000,000 PICA.