BOBA
$0.02

Boba Network (BOBA) Price

$0.02

Boba Network (BOBA) Price Today

The live price of Boba Network is 0.02 USD. In the past 24 hours, the trading volume of Boba Network was 1,217,799.18 USD, down by -4.47%. The current price has decreased by -16.81% from its 7-day high of 7.93 USD, and increased by 0.02% from its 7-day low of 0.02 USD. With a circulating supply of 500,000,000.00 Boba Network, the market cap of Boba Network is currently 45,363,684.00 USD, down by 0% in the last 24 hours. Boba Network currently ranks #1125 by market capitalization among cryptocurrencies.

Boba Network (BOBA) Market Data

Market Cap
$11M
24h Volume
$1.2M
Circulating Supply
493.5M BOBA
Maximum Supply
500M BOBA
Fully Diluted Market Cap
$11.2M
Liquidity Indicator
10.97%
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FAQ

About Boba Network (BOBA)

How can I buy Boba Network (BOBA)?

Buying Boba Network (BOBA) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Boba Network (BOBA) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy BOBA Guide for more information.

What Is Boba Network (BOBA) and How Does It Work?


Boba Network is a Layer-2 scaling solution designed to make Ethereum faster, cheaper, and more practical for everyday decentralized applications. Built using Optimistic Rollup technology, Boba processes transactions off-chain and then settles them on Ethereum, significantly reducing gas fees while maintaining Ethereum’s security guarantees. It is fully EVM-compatible, meaning developers can deploy existing Ethereum smart contracts on Boba with minimal changes.

What sets Boba Network apart from many other Layer-2 solutions is its Hybrid Compute model. This feature allows smart contracts on Boba to access off-chain data and computation, such as real-world APIs, complex calculations, and AI-powered services, while still finalizing results on-chain. By bridging on-chain logic with off-chain resources, Boba enables more advanced dApps, including DeFi protocols, NFT platforms, gaming apps, and data-driven Web3 services.

In practice, users interact with Boba Network just like Ethereum, but with faster confirmation times and lower transaction costs. When you submit a transaction, it is executed on Boba’s Layer-2 environment and periodically bundled and verified on Ethereum. The BOBA token supports the ecosystem by enabling governance participation, staking incentives, and ecosystem growth, helping align developers, users, and validators around the long-term scalability of Ethereum.

When Did Boba Network Launch?


The Boba Network project traces its roots back to 2018, when blockchain developer Alan Chiu and his team at Enya Labs, originally Enya.ai, began working on a Layer-2 scaling solution for Ethereum in partnership with the OMG Foundation. After testnet development under the project name OMGX, Boba’s mainnet officially went live in September 2021, marking its entry as one of the early Optimistic Rollup-based Ethereum Layer-2 networks focused on lower fees, faster transactions, and enhanced smart-contract capabilities.

Boba Network Key Milestones and Roadmap Highlights


- 2018 – Project inception and early development by Enya Labs with OMG Foundation collaboration.

- May 2021 – Beta testnet launch under the name OMGX.

- September 20, 2021 – Public mainnet launch of Boba Network.

- Nov 2021 – BOBA token distribution/airdrop to OMG holders.

- 2022–2023 – Expansion to additional chains like Avalanche and BNB Smart Chain.

- 2024-2025 – Continued upgrades including OP Stack/Berock upgrades and ecosystem growth initiatives.

What Is the BOBA Token Utility?


The BOBA token is the native utility and governance token of the Boba Network, serving several key roles within the ecosystem. It can be used to pay for transaction fees on the network, allowing users to settle gas costs directly in BOBA instead of other tokens.

BOBA holders can also participate in governance by staking their tokens to vote on protocol proposals and decisions that shape the future of the Boba DAO. In addition, staking BOBA can earn rewards, and the token helps incentivize network growth, secure participation, and ecosystem development through rewards and community initiatives.

To trade BOBA tokens on the BingX Spot Market, first fund your BingX account with a base asset like USDT or BTC. Then go to the Spot trading section, search for the BOBA/USDT trading pair, and place a market or limit order to buy or sell BOBA at your desired price.

What Is Boba Network Tokenomics?


The BOBA token has a fixed maximum supply of 500 million tokens, with most of those tokens already in circulation, around 493.5 million BOBA as of early 2026. This capped supply creates scarcity and helps define the fully diluted valuation (FDV) by assuming all tokens will eventually be in circulation.

BOBA Token Distribution


- Around 42% was allocated to the treasury for ecosystem development and long-term funding.

- 28% was distributed via a community airdrop, notably to OMG token holders.

- The team and early contributors received approximately 20%, and strategic partners/investors received the rest.

 

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Disclaimer:
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