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Cryptocurrencies/Coins/Boba Network (BOBA)
Boba Network price, market cap on Coin360 heatmap

Boba Network(BOBA)

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$0.506215
(-4.03%)
0.00002194 BTC
Market Cap (Rank#268)
$86,878,706
3,765 BTC
Vol 24h
$4,791,333
207.654 BTC
Circulating Supply
171,624,231.86
Max Supply
500,000,000
27 days agocryptodaily
Boba Network’s Hybrid Compute - Why It Will Unlock Blockchains’ True Potential
Truth be told, data will always play a key role for both consumers and service providers, be it on Web2 or Web3. Blockchains are lauded for their data immutability, security, and transparency. The ability to store data in distributed ledgers across a network of decentralized nodes spanning globally rather than a centralized location (a third-party server or data warehouse) makes blockchain technology a forward-looking change agent for traditional business models. Meanwhile, the Web2 ecosystem has no shortage of data - data that can be optimized to derive actionable insights and information. It is no hidden fact that several Web2 companies regularly buy, sell, and broker user data. This data is also used to build better products and enhance user experience, which has worked in favor of several Web2 brands. Amid the transition to Web3, startups and projects building the decentralized internet will require seamless access to this readily available data to create sustainable products and services. At the same time, accessing and putting this data to use becomes increasingly crucial for blockchain technology to enter the mainstream market and make a lasting impression. Enter Boba Network, an Ethereum layer-2 scaling and augmentation solution that extends the network's capabilities and functionality through hybrid compute, a pipeline connecting siloed Web2 data with Web3 protocols, decentralized applications, and smart contracts. The Barriers Preventing Off-Chain Data From Arriving On-Chain There’s a problem with off-chain data: blockchain technology isn’t built to interact with external APIs and servers. By design, blockchains and the smart contracts deployed on them operate in closed environments. This was done knowingly, helping blockchains achieve immutability, security, and other characteristics missing in Web2 (like less outages, greater decentralization). On top of that, legacy blockchain networks like Bitcoin and Ethereum aren’t interoperable, meaning they can’t transfer or access data between each other. The same goes for most of the second and third-generation blockchain networks. While some advancements have been made in this area, such as cross-chain interoperability, blockchains and the Dapps and protocols built atop them end up operating in siloed environments (only compatible with blockchains that share similar features), thus catering to specific communities. This limitation of data accessibility has been hindering blockchain’s growth for a long time. Within the blockchain ecosystem, smart contracts have superpowers. But when it comes to accessing external data sources in real-time, smart contracts aren’t built for it. In fact, due to this problem, emerging technologies like Web3, NFTs, and the metaverse haven’t been able to achieve the level of adoption that was intended. Hybrid Compute To The Rescue Multiple solutions have already emerged to address the lack of connectivity between off-chain data and on-chain environments. Yet, these solutions come with their own set of problems. Take, for instance, the increasing use of oracles to access off-chain (external) data. While oracles provide the secured framework for decentralized applications (dApps) and protocols to access off-chain data, they are highly centralized. This means that developers using oracles for their dApps and protocols are directly compromising the core feature of Web3 - decentralization. Without a way to plug smart contracts into off-chain (real-world) data and applications, neither Web3 nor enterprises will be able to leverage the actual benefits of blockchain. Additionally, there needs to be a standard solution that allows developers to access on-chain data from individual blockchains and ecosystems without compromising security. On-chain products and services can only expand their features by accessing and integrating real-world data in real-time. For a second, imagine the possibilities of a blockchain-based AI trading platform that can access real-world macroeconomic data in real-time. The platform can automatically update (and backtest) its trading strategies with the help of real-world data, potentially improving algorithmic trading outcomes. Hybrid compute is one solution that aims to break down the walls between on-chain and off-chain ecosystems without compromising on any of the core features of blockchain technology. Developed by Boba Network, hybrid compute enables Boba’s Solidity smart contracts to interact and communicate with existing Web2 platforms via external Web2 APIs. Many use cases can be unlocked by enabling blockchain-based smart contracts with advanced functionalities so they can interact with off-chain resources. The decentralized finance (DeFi) ecosystem is one such area, especially with the frequent criticisms of its illiquidity. One possible use for an off-chain to on-chain bridge would involve helping DeFi dApps and protocols bring in the liquidity from a diverse range of real-world assets (real estate, invoices, and other cash flow instruments). It can even help emerging sectors like GameFi and SocialFi, as well as the flourishing NFT sector. SocialFi and GameFi platforms can harness this bridge to enable users to access their platforms by simply connecting their off-chain data rather than signing up for digital wallets. At the same time, unlike Web2, users can exert better control over their data, how they share it with, who they share it with, and for how long. Lending platforms can utilize users’ off-chain financial records (like credit scores and history) to offer optimized rates and benefits. NFT marketplaces can employ this off-chain to on-chain bridge to construct new models derived from off-chain data and advanced technology like machine learning (ML). At the same time, Boba’s hybrid compute enables Web3 developers to deliver the best possible user experience for their users by gathering the best features of the Web2 and Web3 ecosystems. Using Boba’s smart contracts, developers can gain access to multiple data sources to build a wide range of on-chain reward models to engage more users. For example, an emerging project can airdrop rewards to its followers based on real-time data from their engagement across existing social networks. If a project is running a campaign on Twitter, Boba’s smart contracts can help the project access real-time data (likes, follows, retweets, comments, and tags) that’s occurring off-chain and, in turn, reward the most deserving participants. Hybrid compute bridges the gap between Web2 and Web3, helping both ecosystems symbiotically benefit. As momentum gains, this novel connectivity solution will also play a key role in lowering blockchain’s entry barriers and accelerating the adoption of Web3 dApps with more real-world utility. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
89 days agocryptodaily
Symbiosis integrates 1inch to enable the best price discovery for cross-chain swaps
The multi-chain liquidity protocol Symbiosis has integrated the 1inch DEX aggregator to facilitate arbitrary asset swaps between EVM-compatible networks. The Symbiosis protocol manages stablecoin liquidity pools and routes the transaction through existing DEXes, so the partnership is essential to enable the best prices for the end-users as the 1inch router is working on both sides: on the source chain and destination chain sides. The best price for the exchange of any tokens. 1inch is the best solution, especially on large amounts, one can see a significant difference. Super excited!Will, Co-founder Symbiosis "We are glad that the Symbiosis team has chosen 1inch as the main swap engine for their multi-chain liquidity protocol,” Sergej Kunz,1inch Network co-founder. Prior to this, the Symbiosis team has been using a self-developed routing protocol, and a transition to 1inch proves to be a great augmentation amid the first non-EVM Terra that the team is planning to launch in May: Near and Solana coming out shortly after. Symbiosis launched beta-mainnet in March. Apart from diving into non-EVMs, the team behind protocol oversees great potential in different L2s with Boba being the first one integrated recently. About Company Symbiosis is a decentralized multi-chain liquidity protocol that enables users to perform any crypto token swaps across multiple blockchains with a single click. At present, the protocol supports 5 networks including Boba, BNB Chain (formerly BSC), Ethereum, Polygon, and Avalanche, with more networks to be expanded in the upcoming future. Their main goals are solving the twin problems of interoperability and providing a user-friendly experience. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
91 day agocoindesk
Boba Network to Offer Lower Gas Fees on Ethereum via BOBA Token
The network has implemented single-token gas payments on its blockchain, allowing users to pay 25% lesser in gas fees if they use BOBA instead of ether.
126 days agocointelegraph
Ecosystem expansion and $45M funding round boost Boba Network (BOBA) price by 30%
BOBA price booked a double-digit gain after a $45 million funding round and developer incentive program lured investors back to the network.
126 days agocointelegraph
Ethereum L2 Boba Network valued at $1.5B following Series A
In terms of adoption and TVL, layer-2 scaling solutions continue to lead the cryptocurrency industry by a wide margin.
126 days agocoindesk
Ethereum Scaler Boba Network Valued at $1.5B in $45M Series A
In addition to easing Ethereum’s transaction load, Boba injects off-chain machine learning into the contracts powering DeFi.
151 day agonulltx
Bobatama Price Up 749% This Week, Why Is This Meme-Coin Rising?
It seems that meme coins continue to dominate cryptocurrency markets and generate quite a bit of hype. When a project features a strong community, the moon is the limit. That’s precisely what happened with Bobatama (BOBA), a community-oriented meme coin currently trending on CoinMarketCap and increasing by over 749% in value over the past seven […] The post Bobatama Price Up 749% This Week, Why Is This Meme-Coin Rising? appeared first on NullTX.
252 days agonulltx
Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout?
Loopring price continues to trade sideways at $2.7 after hitting an all-time high of $3.6 on November 10th. Loopring’s ecosystem continues to grow and recently placed as the fourth-largest Layer-2 network by market share, following Arbitrum, Boba Network, and dYdX. Is LRC ready for a breakout above $3? Let’s find out. What Is Loopring? Loopring […] The post Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout? appeared first on NullTX.
271 day agocointelegraph
OMG price crashes by one third after BOBA airdrop snapshot
Users have been looking forward to this snapshot for a while but while they'll be getting BOBA tokens later in the month, the value of their OMG tokens crashed by one third today.
278 days agonulltx
OMG Network Price up 23% As Major Exchanges Show $BOBA Airdrop Support
OMG – the cryptocurrency that powers the OmiseGO Network price is up 23% today setting a new all time high of $19.53. Let’s see what the hype is all about and why people are buying $OMG What Is OmiseGo ($OMG)? The OmiseGo network is an Ethereum-based financial technology for use in mainstream digital wallets. OmiseGO […] The post OMG Network Price up 23% As Major Exchanges Show $BOBA Airdrop Support appeared first on NullTX.
312 days agocointelegraph
OMG eyes a new all-time high after unveiling its 'Boba Network' layer-2 solution
Since hitting a bottom below $3 on July 20, OMG price has hiked 380% and now targets a new multi-year high.

About Boba Network

The live price of Boba Network (BOBA) today is 0.506215 USD, and with the current circulating supply of Boba Network at 171,624,231.86 BOBA, its market capitalization stands at 86,878,706 USD. In the last 24 hours BOBA price has moved -0.043608 USD or -0.08% while 4,340,316 USD worth of BOBA has been traded on various exchanges. The current valuation of BOBA puts it at #268 in cryptocurrency rankings based on market capitalization.

Learn more about the Boba Network blockchain network and how it works or follow the price of its native cryptocurrency BOBA and the broader market with our unique COIN360 cryptocurrency heatmap.

Boba Network Price0.506215 USD
Market Rank#268
Market Cap86,878,706 USD
24h Volume4,791,333 USD
Circulating Supply171,624,231.86 BOBA
Max Supply500,000,000 BOBA
Yesterday's Market Cap88,727,816 USD
Yesterday's Open / Close0.560597 USD / 0.516989 USD
Yesterday's High / Low0.570396 USD / 0.511293 USD
Yesterday's Change
-0.08% ( 0.043608 USD )
Yesterday's Volume4,340,315.50 USD
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