<p><span style="font-weight: 400;">Blockchain development firm Enya said it has released a Layer 2 scaling solution called Boba Network on BNB Chain, aiming to scale applications on the network. </span></p> <p><span style="font-weight: 400;">SushiSwap, one of the largest decentralized exchanges, will launch on the BNB Chain version of Boba Network as a launch partner.</span></p> <p><span style="font-weight: 400;">Boba is an Optimistic Rollup, a scaling solution that leverages off-chain computation to make transactions cheaper and faster on any given blockchain.</span></p> <p><span style="font-weight: 400;">Boba will be one of the first Layer 2 solutions to hit BNB Chain, which hosts more than </span><a href="https://defillama.com/chain/BSC"><span style="font-weight: 400;">$5.7 billion</span></a><span style="font-weight: 400;"> in crypto assets across tens of decentralized finance (DeFi) apps. </span></p> <p><span style="font-weight: 400;">Enya created Boba last year to compete with other Layer 2 scaling solutions such as Optimism and Arbitrum. In April, Boba raised</span> <a href="https://www.theblockcrypto.com/linked/140668/boba-network-raises-45-million-at-a-1-5-billion-valuation"><span style="font-weight: 400;">$45 million</span></a><span style="font-weight: 400;"> in a series A round that gave it a $1.5 billion valuation.</span></p> <p><span style="font-weight: 400;">In September, BNB Chain also</span> <a href="https://www.theblock.co/post/168514/bnb-chain-announces-zero-knowledge-proof-scaling-technology"><span style="font-weight: 400;">announced</span></a><span style="font-weight: 400;"> its own Layer 2 scaling technology based on ZK-Rollups called zkBNB, but that’s still in the test phase. The blockchain is home to another Layer 2 called</span> <a href="https://www.autobahn.network/"><span style="font-weight: 400;">Autobahn Network</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">While Boba initially targeted Ethereum, the team expanded the offering to multiple chains, with BNB Chain being the latest after having already launched on three other blockchains, including Fantom,</span> <a href="https://www.theblock.co/post/171757/layer-2-solution-boba-network-integrates-with-avalanche"><span style="font-weight: 400;">Avalanche</span></a><span style="font-weight: 400;">, and Moonbeam.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>