Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
A record 2,863,240 transactions were processed on the BobaBNB platform in April, according to Boba Network, the only multichain Layer 2 (L2) solution and the sole active L2 on the BNB Chain. This represents a significant increase from 585,818 transactions in March and 99,362 transactions in February. BobaBNB now processes more than 100,000 transactions daily, serving over 45,000 wallets.
These achievements highlight the widespread adoption of BobaBNB, which offers users savings of up to 80% on transaction fees while delivering lightning-fast speeds. This milestone marks the first instance of substantial L2 transaction volume occurring outside of the Ethereum ecosystem.
“BNB Chain provides a significant opportunity for Boba Network as the only multichain layer 2, given that it has more active addresses than any other blockchain,” said a core contributor to Boba Network. “Boba Network will continue to leverage the continued growth of BNB Chain to provide users and developers with faster transaction speeds at significantly lower costs, with the opportunity to utilize HybridCompute that delivers off-chain data and compute, enabling smarter applications for mass adoption.”
“We are glad to see the growing adoption of BobaBNB with these remarkable transaction volumes. As an advanced layer-2 scaling solution on BNB Chain, Boba Network aims to accelerate the development of dApps and games, and we are excited to see what the future holds for this ecosystem,” said Zoe Wei, Head of Marketing and DevRel at BNB Chain.
BobaBNB has seen an increase in transactions due to its partnerships with MegaWorld, a popular Web3 game, and ROVI Network.
Related Posts
Through its Crypto Super App platform, ROVI Network, a Web3 powerhouse, aims to integrate cryptocurrency into the everyday lives of billions of people.
Significantly more users are engaging with BobaBNB because of MegaWorld, a massively multiplayer Web3 city-building strategy game with real-world economics that has been operating on smart contracts since 2018.
In March, the Boba BNB layer-2 platform recorded 585,818 transactions, bringing the total number of wallet addresses to 12,716. Web3 developers have a fantastic opportunity to build cutting-edge dApps and games using BNB Chain’s unique features, thanks to its integration with Binance’s BNB Chain.
Powered by Boba Network, Boba BNB L2 is the first and only layer 2 solution on BNB Chain that enables users and developers to create EVM-compatible dApps at faster transaction speeds and lower costs.
Additionally, BNB Chain developers can further leverage Boba’s advanced Hybrid Compute technology. By integrating Web2 capabilities on-chain, Boba Network provides smart contracts access to off-chain computational resources and real-world data. Decentralized apps can therefore offer users richer and unmatched user experiences.
The primary contributors of Boba Network are ecstatic about BobaBNB’s expanding popularity. The network adopted a multichain approach last year and established itself as the exclusive multichain L2 provider.
Every transaction generates income for the network, and Boba Network is dedicated to supporting efforts to expand the BobaBNB ecosystem.
