Introducing Unmarshal Product Suite for Binance Smart Chain
Unmarshal being a multi-chain DeFi Data network, will enable developers to build any kind of applications on the Binance Smart Chain. Our suite of products for BSC will allow developers to offload the strenuous job of indexing and leverage Unmarshal’s data infrastructure to source meaningful and rich data from BSC. The end-point integrations offered by Unmarshal are just not limited to APIs, but include other data avenues like Notifications, Websockets. Applications can now produce a holistic illustration of BSC data to their users. Also, we will be adding support for Analytics & Dashboard which can further enhance the user experience.
Binance Smart Chain Ecosystem
Binance Chain was launched in April 2019 with a focus on providing fast decentralized trading. Due to flexibility limitations, the Binance Chain evolved to the Binance Smart Chain which got launched in September 2020. Today, BSC is arguably one of the fastest-growing chains, which is gaining a lot of traction because of its intriguing features compared to the other chains
Key Aspects:
- BSC generated $15 million & $24 billion in terms of transaction volumes in January and February 2021 respectively (exponential rise)
- BSC is the third largest chain with more than 50,000 unique active wallets
- PancakeSwap is only 12,000 users behind Uniswap in terms of unique active wallets
Some are the top features of BSC which are the reasons for it’s popularity
1. Superior Transaction Speed
Time taken to confirm a transaction is almost instant(3 second block processing time) with Proof of Staked Authority(PoSA)
2. Cross-chain compatibility
Binance Smart Chain operates on cross-chain technology which supports interoperability across different chains.
3. Lower transaction costs
BSC is more than 30 times cheaper than other chains like Ethereum, making it lucrative for developers to build applications on top of it.
-Source DAppRadar
Unmarshal + BSC: Query Data Faster 🚀
Unmarshal’s Automated indexing support for BSC protocols enables protocols to index data specific to their protocols in less than a few hours without having to write any code.
Protocols can work with Unmarshal’s Integration engineers to build the exact data response and format. Unmarshal transforms the blockchain data so as to be consumed as per the requirement.
🛠️Key Infrastructure Features
- Notification API: At-a-glance notifications
- Wallet Balance API: Track user token balances
- Transaction API: Decoded transaction details
- Bridge Tracking/Event Stream: To track transactions in real-time without data loss
- NFT API: To track NFTs from multiple vendors
Check out our API Docs to explore more.
About Unmarshal
Unmarshal is a Multi-chain DeFi data network aiming to deliver granular, reliable & real-time data to dApps. It provides the easiest way to query Blockchain data from Ethereum, Binance Smart Chain, Polkadot, Near and Solana. Unmarshal network consists of data indexers and transforming tools to power DeFi applications on any chain.
For more information about Unmarshal, connect with us
For any queries, reach out to us at info@unmarshal.io
