Modular General Abstract Layer XION Announces Implementation on Solana Chain via Picasso Network

According to Odaily, the Modular General Abstract Layer, XION, has announced its implementation on the Solana chain through the Picasso Network. This development follows the previous announcement by Composable Finance's Picasso Network, which last month declared the successful implementation of the Inter-Blockchain Communication (IBC) protocol on Solana. This marked the initiation of the first minimal trust connection between several networks, including Solana, Cosmos, Ethereum, and Polkadot. The Picasso Network, under the DeFi protocol of Composable Finance, has been instrumental in facilitating this connection. The successful implementation of the IBC protocol on Solana by the Picasso Network last month was a significant milestone. It signified the first minimal trust connection between multiple networks, a crucial step in enhancing interoperability between different blockchain platforms. The recent announcement by XION about its implementation on the Solana chain via the Picasso Network further strengthens this connection. It represents a significant stride in the ongoing efforts to enhance interoperability and connectivity between different blockchain networks. This development is expected to have far-reaching implications for the blockchain industry, potentially paving the way for more seamless and efficient cross-chain transactions.