DeFi Altcoin Project Rises 130% in Seven Days, Far Outperforming the Broad Crypto Market

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An altcoin protocol designed to allow developers to easily build decentralized applications (DApps) ignores the biggest correction in the crypto market.

Bifrost (BFC) has jumped over 130% in the past seven days after launching a new product in the decentralized finance (DeFi) industry.

Bifrost (BFC) presents itself as the world’s first blockchain middleware.

The platform aims to make it easy for engineers to leverage multiple blockchains and combine the best features of various protocols.

Bifrost’s vision is also centered on giving crypto users an easy way to access digital asset deposit and lending services through its lending platform called BIFI.

The platform’s price spike follows Bifrost’s launch of its “Biport Wallet” earlier this month.

The decentralized, open-source wallet connects to Bitcoin, Ethereum, Binance Smart Chain, Avalanche, and Klaytn blockchain networks.

“Currently supporting cryptocurrencies on blockchain networks including Bitcoin, Ethereum, Binance Smart Chain, Avalanche and Klaytn, Biport Wallet is designed from the ground up to deliver the most seamless and secure, democratizing multi-channel experience. access to the world of DeFi. “

The project’s native token, BFC, is trading at $ 0.579602 at the time of writing and has risen about 38% in the past 24 hours.

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Featured Image: Shutterstock / DM7 / Sensvector

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