Boba Network (BOBA) GBP Price

Circulating supply is ~490M BOBA with a max supply of 500M.

BOBA was distributed to the OMG Network community via airdrop (OMG holders received BOBA 1:1), with allocations spanning the ecosystem/community, team, and investors. Quarterly unlock tranches of ~30M tokens began September 20, 2022.

Boba Network is a multichain Layer 2 scaling solution built on Ethereum using Optimistic Rollup technology, with deployments also on Avalanche and BNB Chain. Its defining feature is Hybrid Compute™ — a system that lets smart contracts request and receive results from off-chain computation and Web2 APIs in real time, enabling AI models, complex algorithms, and real-world data feeds within a single atomic transaction.

A sequencer orders and bundles multiple L2 transactions into a batch, then submits the batch to Ethereum via a single L1 transaction, distributing the L1 fee cost across all bundled transactions. Sequencers operate “optimistically,” assuming all transactions are valid. A challenge window allows anyone to submit a fraud proof contesting a transaction; if the challenge succeeds, the challenger is compensated.