Market cap
$10.34M
1.11 %
Volume (24h)
$1.44M
1.11 %
Circulating supply
493,599,306 BOBA
Total supply
500,000,000 BOBA
Max. supply
500,000,000 BOBA
Boba Network (BOBA)
$ 0.02
1.11 %
Main info
News
Comments
Markets
Analytics
Key data
updated $0Market cap$10.34M
Volume 24h$1.44M
Circulating supply493.6M99% of max 500M
All-time high$7.93-100% from peak · 2021-11-25
Boba Network (BOBA) is the token that powers a multichain layer-2 scaling solution built on Optimism's tech stack. In plain terms, it's a network designed to make Ethereum-based transactions faster and cheaper by processing them off the main chain. BOBA serves as the network's utility token, used for governance and covering fees across its ecosystem.
Frequently asked questions
What is Boba Network and how is it different from Ethereum?
Boba Network is a layer-2 scaling solution, meaning it sits on top of Ethereum and handles transactions more cheaply and quickly than the base chain. Its standout feature is Hybrid Compute, which lets smart contracts call external Web APIs directly. Ethereum remains the settlement layer, while Boba does the heavy lifting.
How does Boba Network work technically?
Boba uses Optimistic Rollup technology, inherited from the OP Stack, bundling batches of transactions and submitting them to Ethereum with fraud-proof security assumptions. It also supports multichain deployment beyond Ethereum, including networks like BNB Chain. This hybrid approach aims to combine Ethereum's security with greater flexibility.
How is BOBA token issuance structured?
BOBA has a hard cap of 500,000,000 coins, meaning no more tokens can ever be created beyond that limit. The fixed maximum supply makes the token's scarcity predictable, unlike inflationary tokens with unlimited minting. Tokens are distributed across the ecosystem, team, investors, and community incentives according to the project's vesting schedule.
How can you store and use BOBA tokens?
Since BOBA is an ERC-20 token, it can be stored in any Ethereum-compatible wallet like MetaMask, configured for the Boba Network. Within the ecosystem, BOBA is used for governance voting, paying certain network fees, and participating in liquidity pools. Always double-check you're using the correct network settings when transferring.