Boba Network price
Current price
$0.0139
−0.79% 24h
Live Updated just now
Today Boba Network slips 0.8%, outpacing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −0.43%
- 24 hours −0.79%
- 7 days −16.39%
- 30 days −31.01%
- 1 year −74.70%
Boba Network's move in context
Beating the market today
−0.79% in 24 hours against −1.77% for the market as a whole, a gap of 1.0 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$76.3K traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. Gaps under 1% are everyday: fees and the gap between buying and selling prices take up most of them.
Boba Network's last prices on 3 exchanges we read are within 0.50% of each other, so the price above isn't one exchange's quirk.
Part of a slide
−16.4% over 7 days and −31.0% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Boba Network
Prices agree within 0.50% across these 3 exchanges.
- MEXC Most traded BOBA/USDT $56.94K 24h volume Last price $0.0139 0.00% vs our price
- Gate.io BOBA/USDT $14.09K 24h volume Last price $0.0139 +0.43% vs our price
- Bybit BOBA/USDT $5.17K 24h volume Last price $0.0140 +0.50% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Boba Network
Overview
Boba Network is a Layer 2 scaling solution designed to address the limitations of the Ethereum blockchain, particularly in terms of scaling, transaction speeds, and costs. Its primary mission is to provide a more efficient and user-friendly platform for decentralized applications (dApps) and to enhance the Ethereum ecosystem. Boba Network aims to increase accessibility and adoption by offering faster and cheaper transactions while maintaining a high level of security. One of its distinguishing features is the incorporation of Optimistic Rollups, which allows for significantly reduced transaction costs compared to the Ethereum mainnet, making it an attractive option for developers and users alike.
Technical Features
The Boba Network employs a unique consensus mechanism known as Optimistic Rollups, which enhances the scalability of Ethereum by allowing numerous transactions to be processed off-chain and then submitted in batches to the main blockchain. This not only increases throughput but also minimizes the cost associated with transactional activities. Boba's security model relies on the Ethereum network for security guarantees, ensuring that users' assets remain safe. The architecture of the network includes an efficient layer for executing smart contracts, providing developers with tools to create and deploy scalable dApps. Additionally, Boba features a unique bridge that facilitates seamless asset transfers between the Ethereum mainnet and Boba’s layer, promoting ecosystem interoperability.
Use Cases
Boba Network is primarily geared towards enhancing decentralized finance (DeFi) applications by providing cheaper transaction fees and faster confirmation times. Its infrastructure plays a crucial role in enabling complex financial instruments without the prohibitive costs associated with on-chain transactions. Furthermore, Boba Network supports non-fungible tokens (NFTs) by offering a platform for minting and trading digital assets efficiently. It also empowers developers to build cross-border payment solutions and other dApps that benefit from the increased speed and reduced costs. The smart contract functionality provided by Boba allows for the creation of decentralized governance models, enhancing community engagement and participation in projects on the network.
Development Background
The Boba Network was initiated by a team of experienced blockchain developers and entrepreneurs who sought to overcome the challenges faced by the Ethereum network. The project is backed by Enya, a technology firm specializing in blockchain development, and has garnered support from various industry partnerships. Since its launch, Boba has made significant strides, including successful deployments and collaborations with various projects and protocols within the Ethereum ecosystem. The network's continuous improvement and feature rollouts have contributed to its growing reputation as a reputable scaling solution.
Community and Ecosystem
Boba Network boasts a vibrant and growing community of developers, users, and supporters. The ecosystem encompasses a wide range of projects, from DeFi applications to NFT marketplaces, all leveraging Boba's capabilities. The network is strengthened by partnerships with various blockchain projects, businesses, and educational institutions, fostering innovations and collaboration. Additionally, Boba offers developer resources and incentives to encourage new projects, further expanding its ecosystem and community engagement initiatives.
Future Potential
The future potential of Boba Network is promising, primarily due to its innovative technology and robust community backing. As the demand for scalable blockchain solutions continues to rise, Boba's ability to facilitate low-cost transactions positions it well within the evolving landscape of decentralized applications. The roadmap includes significant enhancements aimed at improving user experience, expanding support for different protocols, and introducing new features to attract developers. With its strong technical foundation and active ecosystem, Boba Network is poised to make a substantial impact in the world of decentralized finance and beyond.
Boba Network market
- Position by market cap among the coins we track whose circulating supply is checked.
- #387
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $6.94M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $76.3K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.0134 High $0.0142
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $7.93
- Now 0% of it Reached 25 Nov 2021 · Needs +57,033% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 500M BOBA
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 500M BOBA
- The most coins that can ever exist. Some coins have no limit.
Boba Network converter
1 Boba Network = $0.0139
