Polygon, BSC, Ethereum Nodes API for dApps: Next Big Thing?

Company

GETBLOCK

October 11, 2021

3 min read

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GetBlock, a high-profile blockchain nodes provider, lists the advantages of connecting to BSC, Polygon, Ethereum nodes API, for modern Web3 businesses.

Blockchain nodes API for dApps: Money

Liquidity structures are the DNA of every crypto-centric protocol. Decentralized finances (DeFi) segment attracted enormous amounts of money. As such, every application - from saving accounts and digital banking apps to high-risk schemes, gambling and ‘play-to-earn’ platforms - should consider moving on-chain.

To provide the context, let’s track the dynamics of ‘total value locked’, i.e. net amount of value deposited to various protocols on Polygon, Ethereum, BSC nodes. Applications on blockchain nodes API incentivize users to lock liquidity, so, this metric is 100% community-driven.

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Image by DeFi Llama

According to the DefiLlama dashboard, DeFi users locked $210 billion in various protocols which is a new historic high. Therefore, the DeFi segment shrugged off recent pullback caused by Ethereum and Bitcoin prices dropdowns.

Simply put, connecting to BSC nodes or Polygon API allows your application to become a part of a twelve-digit ecosystem. With Ethereum nodes API or Solana endpoints, every application joins the Web3 revolution.

Blockchain nodes API for dApps: Users

Also, decentralized finances on blockchain APIs are witnessing massive inflow of users. As covered by GetBlock previously, it is triggered by an exodus of Chinese crypto holders. Since China officials shut down centralized cryptocurrency services, DeFi has become the last resort for traders and ‘yield farmers’.

Company

GETBLOCK

October 11, 2021

3 min read

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