Biconomy (BICO), launched in December 2021, is the native governance and utility token of the Biconomy protocol, a multichain relayer infrastructure on the Ethereum blockchain and 20+ EVM-compatible chains like Polygon, BNB Chain, and Blast. Founded by Biconomy Labs, it simplifies Web3 user experiences by enabling gasless transactions, social logins, and cross-chain interactions. BICO powers transaction fees, staking, governance, and developer incentives, with $520M in total value processed.

Key Features

  • Gasless Transactions: Meta-transactions allow users to interact with dApps without paying gas fees upfront.
  • Multichain Support: Operates on 20+ chains, processing 50K daily transactions for 40+ dApps like Curve Finance.
  • Account Abstraction (AA): Enables social logins and one-click interactions, onboarding non-crypto users.
  • Ecosystem: Integrates with dApps like Decentral Games and Sapien Network, with 28K MetaMask accounts.

BICO Token

  • Purpose: Used for network fees, staking, governance voting, and rewarding node operators.
  • Supply: Circulating supply of ~960 million BICO, with a max supply of 1 billion.
  • Contract Address: On Ethereum, BICO’s contract is 0xf17e65822b568b3903685a7c9f496cf7656cc6c2 (addable to MetaMask). CoinGecko CMC.

Who Are the Founders of Biconomy?

Biconomy was founded in 2019 by Ahmed Al-Balaghi, Sachin Tomar, and Aniket Jindal. Al-Balaghi, CEO, previously worked at Binance and Viewfin. Backed by Coinbase Ventures, Binance Launchpad, and Mechanism Capital, Biconomy raised $9M in 2021 via a public sale on CoinList. The team aims to make Web3 as intuitive as Web2.

What Makes Biconomy Unique?

Biconomy simplifies Web3 adoption:

  • Meta-Transactions: Users pay gas in any ERC-20 token or none, with third parties covering fees.
  • Gas Optimization: Reduces gas costs by up to 40%, enhancing dApp usability.
  • Cross-Chain Relayer: Supports seamless interactions across chains via Khalani and ApeChain integrations.
  • Developer-Friendly: SDKs enable dApps to abstract Web3 complexities with minimal code.

BICO Network Upgrades (2025)

  • HyperSignals Launch (June 2025): Gave BICO stakers (500+ BICO) early access to elite trader insights on Hyperliquid.
  • Blast Integration (Q1 2025): Processed $360M (69% of $520M total value), boosting multichain adoption.
  • Boomerang Protocol (March 2025): Enabled decentralized incentives, increasing dApp engagement by 15%.

How Is BICO Secured?

Biconomy and BICO are secured through:

  • Ethereum PoS: Leverages Ethereum’s Proof-of-Stake for transaction and smart contract security.
  • Non-Custodial Design: Users retain private keys, ensuring trustless meta-transactions.
  • Smart Contract Audits: Regular audits by firms like CertiK protect relayer and dApp integrity.
  • Governance: BICO holders vote on protocol upgrades, ensuring decentralized control.

Conclusion

Biconomy (BICO) powers a multichain relayer protocol, simplifying Web3 with gasless transactions, account abstraction, and cross-chain support. With $520M processed, 28K MetaMask accounts, and upgrades like HyperSignals, Biconomy drives DeFi and dApp adoption.