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BIO Protocol experiences price hike despite initial market dip

BIO Protocol (BIO) launched on Binance on January 1, 2025, initially priced at 0.86 USD. Early trading saw a drop to 0.74 USD before a recovery to about 0.80 USD. Despite early market dips, the BIO Protocol quickly established a market cap of 1.2 billion USD.

Trading volumes for BIO reached 338 million USD soon after its launch, boosted by its listing on the Binance launchpad. However, decentralized trading activities for BIO stay limited, reflecting a broader trend among DeSci tokens, which often struggle with liquidity due to their niche market.

Despite a lack of initial hype, BIO Protocol has significantly impacted the growing DeSci sector. BIO Protocol’s launch has driven attention towards DeSci projects, with innovations like DAO initiatives aimed at legitimate research and technology development.

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