Boba Network, the only multichain layer-2 blockchain scaling solution, has experienced an incredible increase of 9883.46% in transactions and nearly 13,000 new wallets since January 2023, following the launch of its Boba BNB Layer 2 Solution in November 2022.
This growth is a testament to the power of Boba Network as the only smart contract platform that enables Web3-Web2 interoperability.
Solid Numbers For Boba BNB Layer 2
In March alone, the Boba BNB Layer 2 Solution saw an impressive 587,127 transactions, bringing the total wallet addresses to 12,716. The integration with Binance’s BNB Chain allows Web3 developers to build dApps or games with the benefits of Binance and its BNB Chain.
Boba BNB L2, powered by Boba Network, is the first and only L2 on BNB that enables users and builders to deploy EVM Compatible dApps and tap into faster transaction speeds and lowered costs.
Additionally, BNB Chain developers can leverage Boba’s Hybrid Compute technology, which brings the power of Web2 on-chain, enabling smart contracts to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications.
Building Meaningful Projects
The remarkable growth of Boba BNB can be attributed to two major projects: Rovi Network and MegaWorld.
Rovi Network aims to bring crypto to the daily lives of billions of users through a Crypto Super App platform. MegaWorld is a massive multiplayer Web3 city builder strategy game with real economics running on smart contracts since 2018.
“The current run rate in terms of the number of on-chain transactions on Boba BNB is more than a million transactions/month, and this is scaling up fast,” said Nitin Gupta, CEO of ROVI Network. “We needed a partner that could handle scale and still be secure & cost-effective. Boba Network is matching our ambitions.”
The growth of Boba Network and Boba BNB L2 is an exciting development for the Web3 community.
With the ability to deploy EVM-compatible dApps, leverage off-chain compute and real-world data, and tap into faster transaction speeds and lowered costs, developers have a powerful tool to create the next generation of decentralized applications.
As Boba Network continues to grow and innovate, the possibilities for Web3 are endless.