Boba Network (BOBA) price, chart, coin profile and news
Find the latest Boba Network (BOBA) price, coin profile, news and history to get you started with Boba Network trading and investing.
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What is Boba Network?
BOBA is the native cryptocurrency of the Boba Network. Launched in 2018, the Boba Network is a layer-2 scaling solution for the Ethereum blockchain. The network utilises optimistic rollup technology to move transactions away from the heavily congested Ethereum network. As a result, the network offers increased transaction speed and lower transaction costs.
Building on the open-source work of Optimism, a competing layer-2 scaling solution, the Boba research and development team has combined optimistic rollups with swap-based onramps, fast exits and cross-chain bridging. Through this combination, the protocol can enhance transaction throughput, reduce fees and improve the smart-contract capabilities of the Ethereum blockchain. According to Boba Network's documentation, the protocol allows users to affordably launch non-fungible tokens (NFTs) natively on its network and features an NFT bridge that enables users to transfer NFTs from Boba to Ethereum (or other Ethereum-compatible chains) and vice versa. The Boba team chose Optimism as the foundational infrastructure for its network due to its superior Ethereum-Virtual-Machine (EVM) and Solidity compatibility. BOBA is the governance token of the Boba protocol. All BOBA token holders can help to shape the network’s future, with one token equal to one vote. To become eligible for voting rights, token holders must stake the token within the Boba Network. In addition to voting rights, staked tokens receive a percentage of all transaction fees collected by the Boba network.
Boba Network (BOBA) is the 356th largest cryptocurrency in the world by market cap, valued at $71,708,741. The current price of Boba Network is $0.63914342, which is -2.913% lower than yesterday. Prices have ranged between $0.66821366 and $0.61793146 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.
Boba Network (BOBA) priceUse our graph to track the performance of (BOBA) over time.
Boba Network at a glance
|Total BOBA supply||500,000,000|
|All time high||AUD$15.9892|
|All time high date||November 25, 2021|
Boba Network price performance over time
Boba-network in the news
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Disclaimer: Cryptocurrencies, including Boba Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BOBA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Boba Network or any other cryptocurrency discussed.
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