Hassan Maishera
Boba Network, the only multichain Layer 2 (L2) solution and the sole active L2 on BNB Chain, revealed on Thursday, June 29th, that its BobaBNB platform set a new transaction record last month.
The platform processed a record-breaking 3,073,042 transactions in May, up from 2,863,240 in the previous month and just 585,818 in March.
In a press release shared with Cryptowisser, Boba Network said it now has more than 80,000 individual wallets on its network and currently supports an average of 220,000 transactions per day.
The rapid growth of transactions on BobaBNB, a layer-2 scaling solution for the BNB Chain, is being driven mainly by the incredible popularity of ROVI Network, a Web3 infrastructure protocol that has set itself the goal of expanding the crypto ecosystem to the masses.
ROVI launched on BobaBNB six weeks ago and has become the network’s number one dApp, with an incredible 50,000+ wallets and a run-rate of over 3 million transactions per month.
ROVI Network’s flagship product, M91 Crypto Super App, is likened to a WeChat Pay for crypto and is built around a fast and easy-to-use P2P crypto payments experience. ROVI also offers Keyboard91, an AI Smart Keyboard app that rewards users with crypto for typing messages, and Gaming91, which is a crypto-based fantasy/skills/prediction game powered by smart contracts.
Furthermore, ROVI Network has developed numerous critical infrastructures to onboard billions of users to Web3, including Multi-Party Computation-based secure, keyless wallets, Gas-less transactions and one-click on- and off-ramps between crypto and fiat.
In addition to the ROVI Network, the popular massive multiplayer Web3 city builder game MegaWorld has helped fuel the growth of the BobaBNB network in recent weeks.
A contributor to the Boba Network commented that;
“Boba core contributors are thrilled to see such impressive traction on BobaBNB. Boba Network deployed a multichain strategy last year and is the only multichain L2 to this point. Each transaction brings revenue to the network, and Boba Network will continue to support efforts to build out the BobaBNB ecosystem.”
BobaBNB recorded more than three million transactions last month, surpassing the prior record that stood for just one month when 2,863,240 transactions were processed.
BobaBNB is the exclusive layer-2 scaling solution on BNB Chain. Powered by Boba Network, it enables developers to scale their EVM-compatible dApps by taking advantage of its accelerated transaction processing capabilities and lower fees.
Furthermore, dApp developers can also harness the cutting-edge power of Boba’s Hybrid Compute technology that makes it possible for smart contracts to leverage real-world data and other off-chain computing resources. Consequently, dApps built on BobaBNB are uniquely able to deliver richer, unparalleled experiences to users.
