BounceBit

BounceBit: Redefining the world of CeDeFi on a scalable, secure infrastructure

Google Cloud Results
  • Improves system response time by 50% during peak traffic

  • Reduces development pipeline by 40%

  • Reduces infrastructure costs by 30%

To merge its various services securely on a single platform, BounceBit decided to deploy Google Cloud due to its scalable, secure, and cost-efficient infrastructure that would support the complexities of its Centralized Decentralized Finance (CeDeFi) ecosystem.

The new way to streamline blockchain operations

As a layer one blockchain organization, BounceBit migrated to Google Cloud as it needed a reliable cloud platform to keep its operations running smoothly while enabling users to conduct staking securely in a decentralized environment. To introduce the concept of Centralized Decentralized Finance (CeDeFi) to broader communities, BounceBit also needed the ability to scale quickly.

“We wanted to be able to process a large amount of blockchain data in real time, as it helps us unlock insights into market trends, user behavior, and discover where users are coming from to support our business decision-making. The speed of Google Cloud supported that,” shares Jack Lu, Co-founder at BounceBit. 

The team also wanted to leverage Vertex AI capabilities as its high response time enables efficient model training.

We wanted to be able to process a large amount of blockchain data in real time, as it helps us unlock insights into market trends, user behavior, and discover where users are coming from to support our business decision-making. The speed of Google Cloud supported that.

Jack Lu

Co-founder, BounceBit

People viewing computer screen

Why Google Cloud?

BounceBit needed a scalable, secure, and cost-efficient infrastructure to ensure users could transact on a high-performance platform without delays. Meanwhile, its platform's large scale of financial datasets meant that it needed a highly stable infrastructure with robust security features and compliance. 

“Verifying transactions on our platform is very important, and incidents must be solved immediately. With Compute Engine, we’ve seen an improvement in response time by 50% not only for our chain, but also for the CeDeFi infrastructure,” says Lu.

BounceBit has also implemented more efficient node validation, and by scaling resources automatically on Google Cloud, its users have been able to support high on-chain activities. To date, BounceBit has reduced its development pipeline by 40%, and saved up to 30% of its overall infrastructure costs.

Meanwhile, Vertex AI improves computation performance so that users can conduct smooth staking operations on their own. Vertex AI will also bring in better predictive market analytics capabilities and automated risk assessments in the larger scheme of things so users can manage their assets confidently.

Verifying transactions on our platform is very important, and incidents must be solved immediately. With Compute Engine, we’ve seen an improvement in response time by 50% not only for our chain, but also for the CeDeFi infrastructure.

Jack Lu

Co-founder, BounceBit

BounceBit Chain Network

BounceBit is building a new narrative in the CeDeFi space and plans to grow the blockchain and cryptocurrency space to help more users generate yield on a mission to change how consumers perceive cryptocurrency.

Industry: Financial Services

Location: Singapore

Products: Vertex AI, BigQuery, Cloud SQL

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