Bison Trails, a blockchain and cryptocurrency corporate infrastructure provider, has extended support to Binance Smart Chain developers, a move the company claims will contribute to the health and security of the fast developing DeFi sector.
Developers on the Binance Smart Chain, commonly known as BSC, will have access to validor node infrastructure using Bison Trails, allowing them to run nodes and contribute to the network’s security.
Bison Trails is providing BSC with Query & Transact architecture, which makes it easier for developers to create apps.
The relationship with BSC is focused on DeFi’s growth and the Chain’s strategic goal to make decentralized finance more accessible by increasing gas block limits and shortening block times.
BSC has attracted more than 180 projects since its start roughly a year ago. According to industry data, BSC daily transactions peaked at over 13.1 million on July 29, but have since dropped drastically.
After announcing numerous significant agreements over the past year, Bison Trails now supports over 30 protocols. Crypto.com and the Provenance Blockchain Foundation are two of the company’s most recent agreements.
On BSC, as DeFi adoption has grown, so has the number of protocol attacks. A series of vulnerabilities targeting liquidity platform Spartan Protocol resulted in a $30 million loss in May of this year.
Of course, DeFi theft isn’t only a BSC issue; Poly Network was just hacked for $600 million, with the perpetrator promising to repay the money.
DAO Maker, a crowdfunding platform, was also hacked earlier this month, leading in a $7 million loss. THORChain was the subject of a coordinated heist of approximately $8 million in July.
Despite this, DeFi remains one of crypto’s most promising growth stories. The total value locked in the industry is rapidly approaching record highs, indicating that the market is reversing after months of negative price movement.
