A BNB Chain-based altcoin is quietly recording new highs, ignoring the market agenda. Reports indicate that the project broke records in terms of transactions and users.
This altcoin became the standout project of BNB Chain
Boba Network, a scaling solution for BNB Chain, hit ATH in monthly transactions last May. The acceleration was largely due to the increase in activity on the ROVI Network Blockchain’s infrastructure platform.
In a nutshell, Boba Network has surpassed the three million monthly transaction milestone. According to statistics shared by the Boba Network team, the protocol recorded a record number of transactions in May 2023. It had 3,073,042 transactions in May, up from 2,863,240 transactions in April 2023. As a result, the number of monthly transactions increased by 500% in just 60 days.
The BobaBNB network currently processes more than 200,000 user transactions every day. However, more than 80,000 individual wallets are active on its network. This strong growth was linked to the growth of ROVI Network, a mainstream Blockchain infrastructure solution. ROVI Network was launched on BobaBNB only six weeks ago. It has already managed to become the #1 decentralized app by user activity
ROVI Network was the main catalyst behind BobaBNB
BobaBNB is also confident that ROVI Network won’t be the last dApp to skyrocket. The Twitter announcement included reassuring statements on this subject:
Boba principal contributors are excited to see such impressive attention on BobaBNB. Boba Network implemented a multi-chain strategy last year, and the only multi-chain L2 to this point has been. Every transaction brings revenue to the network and Boba Network will continue to support efforts to build the BobaBNB ecosystem.
Hybrid computing technology makes L2-based dApps more powerful
The BobaBNB solution quickly gained general attention thanks to its special technical design. The project uses Boba’s proprietary Hybrid Computing technology, which enables smart contracts to leverage real-world data and other off-chain transaction resources. Previously, it had already begun to host the DeFi heavyweights of EVM-compatible Blockchains, although it was at a very recent development stage.
For example, from the first quarter of 2023, it has become the focus of attention for Uniswap (UNI), Ethereum’s largest DeFi ecosystem.
BobaBNB’s tagline is, “Welcome to Web3’s most friendly scaling solution on the market. Owning digital assets, creating smart contracts, playing games or exploring apps has never been easier with Boba Network. With the help of Hybrid Compute, users can truly experience the power of Web3.” cryptocoin.com As we have reported, the project has been making strong progress since April.
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