Biconomy
BICO
Web3 account abstraction and transaction infrastructure
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| 0.24% | 6.18% | 13.65% | 15.25% | 69.82% | 20.84% |
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Fundraising not disclosed
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This content is generated by RD AI and is for reference only
Biconomy is a Web3 infrastructure platform focused on account abstraction and transaction flow simplification. It provides smart accounts, relayer networks, and modular tools, enabling developers to build gasless transactions, batched transactions, cross-chain transactions, and more. Its core mechanisms include the Modular Execution Environment (MEE) and Supertransaction, supporting unified signing and execution across multiple chains.
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About Biconomy
Biconomy is an account abstraction infrastructure provider focused on simplifying blockchain interactions for both developers and end users. Its core products include Nexus, a modular smart account built on ERC-7579, as well as Paymaster and Bundler services that enable gasless transactions and transaction batching. The company also developed MEE (Modular Execution Environment), an intent-based execution layer, and co-authored ERC-8211 with the Ethereum Foundation in April 2026 to standardize smart batching for AI agent execution.
The main market pain point Biconomy addresses is the high friction in Web3 user experience: users must hold native tokens to pay gas fees, manage private keys, and execute multi-step operations manually. By abstracting these complexities, Biconomy allows dApps to offer one-click experiences, sponsor or pay gas in ERC-20 tokens, and enable AI agents to execute complex on-chain strategies with dynamic parameters.
In the past six months (February to August 2026), Biconomy has focused on advancing its ERC-8211 standard, which shifts transaction execution from static parameters to dynamic real-time evaluation, better suiting AI agent and DeFi use cases. The Nexus repository has seen continued updates, reflecting ongoing development of its modular smart account. However, the broader account abstraction sector remains at an early stage, with limited adoption among mainstream applications. BICO token performance has been weak, declining over 62% in the past year despite a recent short-term rally, indicating market skepticism about near-term value capture.
Founded in 2019, Biconomy emerged as a multi-chain transaction infrastructure provider, securing a $1.5M seed round in January 2021 at a $22.5M valuation, followed by a $9M private round in July 2021 at a $75M valuation. The BICO token launched in December 2021, marking its entry into the public market.
In March 2024, the company completed an undisclosed OTC financing round, signaling continued investor confidence. A pivotal technical milestone came in late 2024 with the introduction of Modular Execution Environments (MEE), a new standard decoupling transaction permissioning and orchestration from execution, enabling single-signature multi-chain composability.
In 2025, Biconomy unveiled Companion Accounts, extending smart account capabilities to all EOA wallets without requiring deposits or upgrades, and launched the Biconomy Network—a decentralized, permissionless MEE implementation supporting 1000+ chains. These developments represent a strategic shift from simple API infrastructure to a comprehensive execution layer, positioning Biconomy as a universal interface across the fragmented blockchain landscape.
Co-founders & Core Executives:
Sachin Tomar (Co-founder & CTO) - Ex-Samsung, Ex-MakeMyTrip (Sr. Software Engineer).
Aniket Jindal (Co-founder & COO) - Ex-Samsung, Ex-MakeMyTrip (Sr. Software Engineer).
Ahmed Al-Balaghi (Co-founder) - Ex-Citibank, Dow Jones, Ofgem; founded MENA's largest blockchain podcast 'Encrypted'.
Biconomy recently saw a key team change: VP of Product Mislav Javor departed in April 2026. He joined in November 2024, serving about 17 months, and led products related to smart accounts and chain abstraction. According to his LinkedIn and public sources, he subsequently joined Ethlabs to continue work on Ethereum account abstraction and interoperability. This departure marks a significant adjustment in Biconomy's product team.