XION: Solana on-chain abstraction will be realized through Picasso Network

Odaily News XION, a modular universal abstraction layer, announced on the X platform that it will implement Solana on-chain abstraction through Picasso Network. Earlier, Picasso Network, a subsidiary of Composable Finance, a DeFi protocol in the Polkadot ecosystem, announced last month that it had implemented the IBC protocol experience on Solana, marking the launch of the first trust-minimized connection between Solana, Cosmos, Ethereum, and Polkadot networks.