California, USA-April 3, 2023: Boba Network is the only smart contract platform and the only multichain layer-2 blockchain scaling solution that supports Web3-Web2 interoperability. The platform has seen a 9883.46% increase in transactions and also celebrates the addition of nearly 13,000 wallets since January 2023. The increase in transactions has been seen following the November 2022 launch of its Boba BNB Layer 2 Solution.

There were at least 587,127 transactions has happened on the Boba BNB layer 2 in March alone, which brought the total wallet addresses to 12,716. With the integration of Binance's BNB Chain, Web3 developers can now enjoy building various dApps or games.

Boba BNB L2, which is powered by Boba Network, is the first and only L2 on BNB. Boba BNB L2 helps users and developers in deploying Compatible EVM dApps and also benefits from faster transaction speeds at lower costs. Furthermore, BNB Chain developers can have access to Boba's Hybrid Compute technology, which enables smart contracts to employ off-chain computing and real-world data. This unique technology brings the power of Web2 on-chain which helps the users to create and enhance experiences for decentralized applications.

Two significant projects, Rovi Network, and MegaWorld, have been the main drivers of the BNB's surge of expansion. With the help of its Crypto Super App platform, Rovi Network, a Web3 behemoth, hopes to integrate cryptocurrency into the daily activities of billions of users. Since 2018, MegaWorld has been a widely played Web3 city-building strategy game with a real economy that uses smart contracts.

"The current run rate in terms of the number of on-chain transactions on Boba BNB is more than a million transactions/month and this is scaling up fast," said Nitin Gupta, CEO of ROVI Network. "We needed a partner which could handle scale and still be secure & cost-effective. Boba Network is matching our ambitions."

"We are thrilled to see the astounding growth and adoption on Boba BNB thanks to Rovi Network and MegaWorld," said a core contributor to Boba Network. "The integration with Binance's BNB Chain marked a new chapter for Boba Network, and we are excited to see the innovations and continued growth that Web3 developers will bring to Boba BNB."

About Boba Network

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Avalanche, BNB, and Fantom, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by Hybrid Compute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications.