Ethereum Layer 2 Boba Network integrates with Fantom and Moonbeam

Quick Take

  • Boba Network, an Ethereum Layer 2 has gone multi-chain.
  • Boba’s Layer 2 offering aims to help scale applications on Fantom and Moonbeam.

Boba Network, Layer 2 scaling solution on Ethereum, has gone multi-chain by expanding to two other Ethereum-compatible chains: Fantom and Moonbeam. 

Boba Network is a Layer 2 solution that leverages Optimistic Rollups, an off-chain computation layer to achieve faster and cheaper transactions for the Layer 1 network. 

Until now, Boba had only existed on the Ethereum blockchain. Still, by adding two new networks, it’s decided go multi-chain. Both Fantom and Moonbeam are Layer 1 blockchains compatible with the Ethereum Virtual Machine, and host several smart contract-powered decentralized applications (dApps). Fantom exists as a notable competitor to Ethereum that holds more than $1 billion worth of crypto assets, per DeFi Llama. Moonbeam is st