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Layer 2 solution Boba Network integrates with BNB Chain

Layer 2 solution Boba Network integrates with BNB Chain


Blockchain


Blockchain improvement agency Enya mentioned it has launched a Layer 2 scaling answer referred to as Boba Community on BNB Chain, aiming to scale purposes on the blockchain.

SushiSwap, one of many largest decentralized exchanges, will launch on the BNB Chain model of Boba Community as a launch companion.

Boba is an Optimistic Rollup, a scaling answer that leverages off-chain computation to make transactions cheaper and sooner on any given blockchain.

Boba might be one of many first Layer 2 options to hit BNB Chain, which hosts greater than $5.7 billion in crypto belongings throughout tens of decentralized finance (DeFi) apps.

Enya created Boba final 12 months to compete with different Layer 2 scaling options resembling Optimism and Arbitrum. In April, Boba raised $45 million in a collection A spherical that gave it a $1.5 billion valuation.

In September, BNB Chain additionally introduced its personal Layer 2 scaling know-how based mostly on ZK-Rollups referred to as zkBNB, however that’s nonetheless within the check section. The blockchain is house to a different Layer 2 referred to as Autobahn Community.

Whereas Boba initially focused Ethereum, the crew expanded the providing to a number of chains, with BNB Chain being the newest after having already launched on three different blockchains, together with Fantom, Avalanche, and Moonbeam.


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