Boba Network BOBA

1. Summary

Ranks

Liquidity

93

Developer

-

Social

98

Momentum (beta)

21

Stack Rank™

-

Price

$0.25 +4.2%

Market Cap

$94.47M (#414)

Supply

380.89M / 500.00M

Tags

Smart Contracts Ethereum Ecosystem Layer 2 (L2) Rollup GMCI Layer 2 Index

More Metrics

Price
52W High price	$1.18
52W High date	15th Mar 2024 (4 months ago)
All Time High (ATH) Date	25th Nov 2021 (2 years ago)
ATH Price	$7.93
% From ATH	-96.5%
All Time Low (ATL) Date	12th Oct 2023 (9 months ago)
ATL Price	$0.10
% From ATL	169.61%

Supply & Trading Volume
Trading Volume (24h)	$1.82M
Total Supply	500.00M
Max Supply	500.00M
Circulating Supply	380.89M

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Description

Boba Network is an Ethereum Layer 2 (L2) Optimistic Rollup scaling solution built by the Enya team as core contributors to the OMG Foundation. It aims to reduce gas fees, improve transaction throughput, and extend the capabilities of smart contracts by leveraging Optimistic Rollups. Boba shrinks the Optimistic Rollup exit period from seven days to...

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Boba Network is an Ethereum Layer 2 (L2) Optimistic Rollup scaling solution built by the Enya team as core contributors to the OMG Foundation. It aims to reduce gas fees, improve transaction throughput, and extend the capabilities of smart contracts by leveraging Optimistic Rollups. Boba shrinks the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities.

Key Features

• Fast Exits: Boba offers fast exits backed by community-driven liquidity pools, reducing the exit period from seven days to just a few minutes.
• Extensible Smart Contracts: Boba enables developers to build dApps that invoke code executed on web-scale infrastructure such as AWS Lambda, allowing for complex calculations and machine learning.
• Multichain: Deployed on multiple blockchains including Ethereum, Avalanche, Binance, and others, providing a rich environment for developers and users.
• Hybrid Compute: Allows developers to bring off-chain algorithms on-chain, opening up more advanced calculations.
• Scaling: Improves transaction throughput and reduces fees up to 100 times compared to the underlying blockchain.
• Distributed Governance: Uses the BOBA token for governance, incentivizing network growth and user adoption.

Ecosystem and Governance

• BOBA Token: Facilitates governance, incentivizes network growth, and supports user adoption in the DeFi ecosystem.
• Tokenomics: Designed to serve various functions, including governance, staking rewards, and network growth.
• Distribution: Initial supply of 160 million tokens, incrementally increasing over four years to a maximum supply of 500 million.
• Stakeholders: Tokens allocated to OMG holders, strategic investors, the team, and the treasury for network support and development.

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