Anaisomari
Tuesday, October 3, 2023
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Altcoin
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Cardano
    • Chainlink
    • Litecoin
    • Bitcoin Cash
  • Shop
No Result
View All Result
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Altcoin
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Cardano
    • Chainlink
    • Litecoin
    • Bitcoin Cash
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees’ – Blockchain Bitcoin News

September 22, 2022
in Bitcoin
0

On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower fees.”

Boba Network Integrates With the Avalanche PoS Blockchain

Boba Network, the layer two (L2) scaling project introduced Boba AVAX L2 on Wednesday via the team’s Twitter account. “We’re over the slopes to announce our partnership as an official scaling solution for Avalanche,” Boba said. “Avalanche offers blazing fast speeds, low costs, and eco-friendly solutions: Boba AVAX L2 holds true to those values and enhances it further.”

Boba is already connected with the Ethereum (ETH) network and at the time of writing, l2fees.info stats show Boba’s fee to move ether today is $0.17, and to swap tokens the estimated price is $0.30. That is cheaper than the current 34 gwei ($0.96) to send ether onchain, according to etherscan.io’s gas tracking tool. A high-priority decentralized exchange (dex) swap can cost $8.47 per transaction onchain, so Boba’s $0.30 cost to swap, is 96.45% cheaper.

“Faster transactions, lower fees: Boba AVAX L2 is catered for all heavy transactions, throughput-reliant protocols [and] anyone wanting to be part of the next generation,” Boba further declared on Wednesday. The team further explained it is joining partner decentralized applications (dapps) like Sushiswap and Evoverses with the new support. Boba added:

While Sushi will be deploying their Legacy Swap on Boba AVAX L2, Evoverses’ will be joining with their 3D PvP gameplay, powered by the Unreal Engine 5 [and] Hybrid Compute to help the game scale and reach its full potential.

L2 projects like Boba Network have been partnering with a great deal of industry heavyweights and blockchain networks in recent times. Opensea recently detailed the leading NFT marketplace has added Arbitrum support and the NFT market competitor Rarible revealed Immutable X support. Arbitrum, Immutable X, and Boba Network are all L2 projects and other competitors include Loopring, Zksync, Optimism, Metis, Polygon Hermez, and Aztec.

Tags in this story
Arbitrum, Avalanche, Avalanche Blockchain, AVAX, AVAX blockchain, Aztec, Blockchain, Boba, boba network, etherscan.io, Evoverses, Immutable X, L2 fees, L2 Solutions, l2fees.info, Layer two, layer two fees, layer two technology, Loopring, Metis, Optimism, Polygon Hermez, PoS, Sushiswap, technology, Zksync

What do you think about Boba Network adding Avalanche support? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It



This news is republished from another source.

Previous Post

How Expectations Are Influencing Bitcoin and Ethereum Prices After Latest Fed Rate Increase

Next Post

Cryptocurrency Wrapped Bitcoin’s Price Increased More Than 3% Within 24 hours – (WBTC/USD)

Next Post

Cryptocurrency Wrapped Bitcoin's Price Increased More Than 3% Within 24 hours - (WBTC/USD)

Crypto News

7 best DeFi crypto tokens to 10x

7 best DeFi crypto tokens to 10x

October 2, 2023
GMX Paid A Hefty Prize Because Of This Flaw

GMX Paid A Hefty Prize Because Of This Flaw

September 30, 2023
Balancer Protocol Gets Compromised Second Time In Less Than A Month

Balancer Protocol Gets Compromised Second Time In Less Than A Month

September 20, 2023

Bitcoin

ETH Futures ETF Debut – How Did The First Day Play Out?

ETH Futures ETF Debut – How Did The First Day Play Out?

October 3, 2023

© Anaisomari.com

Privacy Policy | Terms
No Result
View All Result
  • CMC Currency Details
  • CMC Currency Details (Advanced Design)
  • Latest Crypto News
  • Privacy Policy
  • Shop
  • Terms of Service

© 2023 Anaisomari.com

  • bitcoinBitcoin(BTC)$29,021.00-0.99%
  • ethereumEthereum(ETH)$1,818.38-1.11%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$233.36-2.28%
  • rippleXRP(XRP)$0.59-4.88%
  • usd-coinUSD Coin(USDC)$1.00-0.07%
  • staked-etherLido Staked Ether(STETH)$1,817.48-1.06%
  • dogecoinDogecoin(DOGE)$0.069052-6.38%
  • cardanoCardano(ADA)$0.273255-5.14%
  • solanaSolana(SOL)$23.02-6.80%
  • tronTRON(TRX)$0.075646-1.91%
  • polkadotPolkadot(DOT)$4.71-4.81%
  • matic-networkPolygon(MATIC)$0.62-6.59%
  • litecoinLitecoin(LTC)$77.43-4.70%
  • shiba-inuShiba Inu(SHIB)$0.000010-8.84%
  • ToncoinToncoin(TON)$1.41-4.23%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,042.00-0.91%
  • bitcoin-cashBitcoin Cash(BCH)$215.60-7.81%
  • uniswapUniswap(UNI)$5.55-10.92%
  • avalanche-2Avalanche(AVAX)$11.45-6.35%
  • daiDai(DAI)$1.00-0.11%
  • leo-tokenLEO Token(LEO)$3.990.65%
  • chainlinkChainlink(LINK)$6.80-6.48%
  • stellarStellar(XLM)$0.127554-4.39%
  • binance-usdBinance USD(BUSD)$1.00-0.08%
  • moneroMonero(XMR)$155.87-0.85%
  • true-usdTrueUSD(TUSD)$1.00-0.06%
  • okbOKB(OKB)$45.42-2.25%
  • ethereum-classicEthereum Classic(ETC)$16.35-5.09%
  • cosmosCosmos Hub(ATOM)$7.89-6.52%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • hedera-hashgraphHedera(HBAR)$0.062783-11.51%
  • filecoinFilecoin(FIL)$3.81-5.19%
  • internet-computerInternet Computer(ICP)$3.74-7.21%
  • lido-daoLido DAO(LDO)$1.72-5.35%
  • MantleMantle(MNT)$0.452490-0.91%
  • quant-networkQuant(QNT)$99.92-1.10%
  • GGTKNGGTKN(GGTKN)$0.1123210.89%
  • crypto-com-chainCronos(CRO)$0.054998-2.61%
  • AptosAptos(APT)$6.38-7.81%
  • ArbitrumArbitrum(ARB)$1.08-6.51%
  • vechainVeChain(VET)$0.017393-4.69%
  • nearNEAR Protocol(NEAR)$1.23-7.34%
  • makerMaker(MKR)$1,142.44-7.19%
  • optimismOptimism(OP)$1.43-5.39%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,975.05-1.12%
  • the-graphThe Graph(GRT)$0.100365-6.15%
  • aaveAave(AAVE)$61.39-5.38%