Boba Network Price (BOBA)

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. This compatibility aims to facilitate quicker transactions and reduce fees compared to their respective layer-1 counterparts. 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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The current market cap of Boba Network is $31.44M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Boba Network is $7.15. This all-time high is highest price paid for Boba Network since it was launched.

Over the last 24 hours, the trading volume of Boba Network is $2.77M.

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.

The current circulating supply of Boba Network is 172 million.

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

Boba Network ranks 124 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

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.

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.