Overview
Bio Protocol is the main project in decentralized science (DeSci): using crypto to fund and organize scientific research outside traditional universities and pharmaceutical companies.
It brings together BioDAOs, online communities of scientists, patients and supporters that raise money to fund research in specific areas, such as longevity, rare diseases, hair loss, women’s health, cryopreservation and mental health. The best known, VitaDAO, focuses on longevity research and has been supported by Pfizer’s venture arm.
In late 2024, Binance Labs made its first DeSci investment in Bio Protocol, and the BIO token launched on Binance in January 2025.
How it works
- A new BioDAO applies to join the network.
- BIO holders vote on which BioDAOs to support and help fund them.
- BioDAOs use the money to fund lab work and early drug development, and may own the resulting intellectual property (patents, data).
- If research succeeds, value can flow back to the BioDAO’s token holders and the network.
BIO acts as the network’s funding and curation token: it connects the BioDAOs and gives holders a say in which projects get backed.
The BIO token
| BIO at a glance | |
|---|---|
| Maximum supply | 3.32 billion BIO |
| In circulation (Oct 2026) | about 2.15 billion |
| Price (29 Oct 2026) | about $0.023 |
| All-time high | about $0.89 (January 2025) |
| Market cap | about $49 million |
More than half of the supply was allocated to the community and ecosystem. The rest, for the team and investors, is released over several years.
Risks
- Science is slow. Drug development usually takes ten years or more, and most candidates fail.
- Hard to judge. Ordinary investors can’t easily assess the quality of research projects.
- Legal questions. Owning medical IP through tokens is new and largely untested.
- Volatility. BIO surged and crashed with the DeSci trend.
Bio Protocol vs. the competition
| Bio Protocol | Bittensor | Grass | |
|---|---|---|---|
| Focus | Funding biotech research | AI work marketplace | Web data for AI |
| Who participates | Scientists, patients, funders | AI developers | Internet users |
| Token | BIO | TAO | GRASS |
Our verdict
Bio Protocol is one of the most meaningful ideas in crypto: helping fund real medical research and letting communities share in it. Binance Labs’ backing gives it credibility.
But results take years, success is far from guaranteed, and BIO has lost about 97% of its value. BIO is a very high-risk, long-term bet on DeSci. Invest only what you can afford to lose.
This review is for information only and is not financial advice.