Boba Network is a multichain Layer-2 scaling solution utilizing optimistic rollup technology to enhance transaction speed and reduce costs on EVM-compatible blockchains like Ethereum and BNB Chain. By providing off-chain data and compute capabilities, Boba Network enables developers to create hybrid decentralized applications that are faster and more efficient, addressing the limitations of current blockchain infrastructure.
Funding
$45M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
EVM-compatible blockchains like Ethereum and BNB Chain face limitations in transaction speed and high costs, hindering the development of efficient decentralized applications (dApps). Current blockchain infrastructure struggles to provide the off-chain data and compute capabilities needed for more complex hybrid applications.
Solution
Boba Network is a multichain Layer-2 scaling solution that leverages optimistic rollup technology to improve transaction throughput and reduce gas fees on EVM-compatible blockchains. By offering off-chain data and compute through HybridCompute™, Boba Network enables developers to build faster, more efficient hybrid dApps that can interact with real-world data and APIs. The network is fully compatible with EVM-based tools and supports multiple chains, facilitating interoperability between different blockchain environments. Boba Network's architecture aims to unlock the potential of rollup technology, providing a more scalable and versatile platform for Web3 development.
Target Audience
The primary target audience includes Web3 developers building decentralized applications (dApps) on EVM-compatible blockchains, as well as users seeking faster and cheaper transactions.
Features
- Multichain Layer-2 optimistic rollup for Ethereum and BNB Chain
- HybridCompute™ for accessing off-chain data and compute resources
- EVM compatibility, ensuring seamless integration with existing dApp development tools
- Reduced transaction fees, offering up to 100x savings compared to underlying blockchains
- High transaction throughput, improving scalability for dApps
- Dual-fee token system, allowing users to pay network fees in $BOBA or the protocol’s native currency
- Secure infrastructure, inheriting security from the underlying blockchain
- Token bridging for seamless asset transfer between Layer-1 and Layer-2