Bison Trails is an enterprise infrastructure provider. It is for blockchain as well as for the cryptocurrency industry. The firm has expanded its support for Binance Smart Chain developers, which the company says will contribute to the health and safety of the booming DeFi sector. The Binance Smart Chain is also known as the BSC. With the help of Bison Trails, the BSC developers will gain access to validor node infrastructure. It allows them to launch nodes and contribute to the security of the entire network.
Furthermore, this platform also provides BSC with a transaction and query infrastructure, allowing developers to more easily build the applications. This partnership with BSC aims to develop DeFi and the Chain’s strategic decision to make the DeFi sector more affordable with the help of higher gas blocking limits and shorter block times. Since its launch almost a year ago, BSC has attracted more than 180 projects to join the platform.
According to industry data, BSC’s daily transactions have hit an all-time high of more than 13.1 million on July 29 this year. However, it has plummeted since then. Bison Trails currently supports over 30 protocols, and the company has announced several key partnerships over the past year.
What Does Data Say About Bison Trails BSC?
According to the data retrieved, the platform’s recent partnerships include Crypto.com and the Provenance Blockchain Foundation. While the adoption of DeFi in BSC has grown significantly, there are protocol hacks as well. In May, a series of exploits targeting the Spartan Protocol liquidity platform resulted in losses of $30 million. Obviously, this DeFi plunder is not the problem just for the BSC.
Even Poly Network was recently hacker for $ 600 million, although the attacker is said to be intent on giving the money back. Hackers also got DAO Maker, the crowdfunding platform, earlier this month, resulting in $7 million in losses. Moreover, cybercriminals also targeted THORChain in July. in an organized robbery worth about $8 million. Nonetheless, DeFi remains one of the fastest-growing cryptocurrency stories. The total value recorded in the industry is again rapidly approaching historical highs, which indicates a market reversal that is currently taking place after several months of negative price action.