Binance Smart Chain, provides a powerful ecosystem for decentralized finance.
In light of its meteoric growth and the number of new emerging use cases, it is not too far-fetched to believe that DeFi could be the next “big thing” in global finance.
**DeFi stands for Decentralized Finance. **
The DeFi market is an internet-native financial ecosystem that offers many of the products and services available in traditional finance but, instead, built on blockchain technology in the form of decentralized, autonomous applications.
There are different kinds of blockchain networks that DeFi projects can leverage to build decentralized applications. For this reason, one of the most important decisions a DeFi project needs to make is to choose a robust blockchain protocol that offers a reliable cheap, fast, and user-friendly platform for DApps.
Since its launch in September 2020, Binance Smart Chain (BSC) has demonstrated that it is arguably one of — if not the — best blockchains for decentralized finance and DApp development.