#BSCOnTheRise

**What is Binance Smart Chain?*

*BSC* is a blockchain network launched by *Binance*, one of the largest cryptocurrency exchanges in the world. It is characterized by its ability to execute smart contracts with high efficiency, like the **Ethereum** network, but it offers **lower transaction fees** and faster transactions.

*Reasons for the rise of BSC*

1. **Rapid expansion of decentralized finance (DeFi)*: BSC has become a major platform for many **DeFi** projects, which enhances its use in lending applications, decentralized exchanges, and financial derivatives