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Boba Network

BOBA

Explore Boba Network

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Boba Network

BOBA is an Ethereum token that governs Boba DAO and can also be staked for rewards on the Boba Network. Boba Network is a Layer 2 Ethereum scaling and augmenting solution that lowers gas fees, enhances the capabilities of smart contracts and improves transaction throughput.

Boba Network is a layer-2 scaling solution that utilizes optimistic rollup technology to aim for improved blockchain communication. It is designed to be fully compatible with EVM-based tools and supports multiple chains including Avalanche, BNB, Moonbeam, and Fantom. Boba Network is powered by Hybrid Compute technology, which combines on-chain and off-chain computation to aim for enriched experiences for decentralized applications. The $BOBA token is used for governance within the Boba DAO, allowing token holders to submit proposals, vote, and delegate votes in accordance with the network's governance guidelines.

Boba Network operates on the Optimistic Rollup developed by Optimism, with a focus on aiming to improve computational capabilities. It provides additional cross-chain messaging, uses different gas pricing logic, and offers a swap-based system for rapid L2->L1 exits without the typical 7-day delay. Boba Network also features a community fraud-detector that allows transactions to be independently verified. It interacts with L2 ETH using standard ETH methods rather than as WETH. The network is organized as a DAO and supports native NFT bridging. It also automatically relays classical 7-day exit messages to L1, eliminating the need for this to be a separate step.

Boba Network aims to unlock the potential of rollup technology and enable more flexible blockchain communication. It can be used to aim for quicker transactions and reduce transaction fees. Developers can leverage Boba Network's Hybrid Compute technology to aim for the creation of more efficient smart contracts that utilize off-chain compute and real-world data, aiming to improve the user experience for decentralized applications. Furthermore, $BOBA token holders can participate in the governance of the Boba DAO, contributing to community initiatives and shaping the network's future direction.

Boba Network is built on the Optimistic Rollup developed by Optimism, a modified version of Ethereum that ensures compatibility with the Ethereum Virtual Machine (EVM) and Solidity. This compatibility minimizes the efforts required to migrate smart contracts from layer-1 to layer-2. Unlike side chains, which have their own consensus mechanisms, Boba Network operates within Ethereum as a series of smart contracts capable of executing Ethereum transactions. This design allows Boba Network to rely on the security of Ethereum itself. Boba Network has implemented a security model backed by a system of fraud proofs, which rewards users for revealing incorrect transaction results published to the chain.

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Market

United Kingdom Market stats

Market cap

£24.8M

Volume (24h)

£1.7M

Circulating supply

171.6M BOBA

Typical hold time

661 days

Popularity

#718

All time high

£5.53

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.05%

Price change (1d)

+6.07%

Price change (1w)

+6.39%

Price change (2w)

-1.83%

Price change (1m)

-8.88%

Price change (1y)

+31.07%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Social

Some highlights about Boba Network on social media

256 unique individuals are talking about Boba Network and it is ranked #1,091 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Boba Network has an average sentiment score of 3 out of 5. Finally, Boba Network is becoming more newsworthy, with 0 news articles published about Boba Network. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Boba Network. There were 29.41% of tweets with bullish sentiment compared to 23.53% of tweets with a bearish sentiment about Boba Network. 47.06% of tweets were neutral about Boba Network. These sentiments are based on 9 tweets.

On Reddit, Boba Network was mentioned in 71 Reddit posts and there were 138 comments about Boba Network. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

256 people

Posts

26 posts

Dominance

0.02%

Volume rank

#1,091

Average Sentiment

3 out of 5

Twitter

Reddit

Posts

71

Comments

138

Post Score

127

Comment Score

136

Boba Network is on the rise this week.

The price of Boba Network has increased by 0.05% in the last hour and increased by 6.07% in the past 24 hours. Boba Network’s price has also risen by 6.39% in the past week. The current price is £0.14 per BOBA with a 24-hour trading volume of £1.73M. Currently, Boba Network is valued at 97.38% below its all time high of £5.53. This all-time high was the highest price paid for Boba Network since its launch.

The current circulating supply of Boba Network is 171,624,231.86 BOBA which means that Boba Network has as total market cap of 171,624,231.86.

FAQ

What is the current price of Boba Network?

We update our Boba Network to GBP currency in real-time. Get the live price of Boba Network on Coinbase.

What is the market cap of Boba Network?

The current market cap of Boba Network is £24.85M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Boba Network?

The all-time high of Boba Network is £5.53. This all-time high is highest price paid for Boba Network since it was launched.

What is the 24 hour trading volume of Boba Network?

Over the last 24 hours, the trading volume of Boba Network is £1.73M.

What other assets are similar to Boba Network?

Assets that have a similar market cap to Boba Network include PlatON, Bella Protocol, Whiteheart, and many others. To see a full list, see our comparable market cap assets.

How many Boba Network are there?

The current circulating supply of Boba Network is 172 million.

What is the typical holding time of Boba Network?

The median time that Coinbase customers hold Boba Network before selling it or sending it to another account or address is 661 days.

What is the relative popularity of Boba Network?

Boba Network ranks 112 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Boba Network?

Currently, 100% of Coinbase users are buying Boba Network. In other words, 100% of Coinbase customers have increased their net position in Boba Network over the past 24 hours through trading.

Can I buy Boba Network on Coinbase?

Yes, Boba Network is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Boba Network guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024