Boba Network, the layer 2 scaling solution using optimistic rollup technology revealed Wednesday that it supports Avalanche proof-of-stake network. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower fees.”
Boba Network integrates with 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 declaredWednesday. Further, the team explained that it will be joining decentralized apps (dapps), like Sushiswap or Evoverses to receive this support. Boba said:
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 helps the game scale up and achieve its maximum potential.
Boba Network and other L2 projects have collaborated with numerous industry giants as well as blockchain networks. Opensea has recently revealed that the largest NFT marketplace now supports Arbitrum and Rarible, a NFT market rival, offers ImmutableX support. Arbitrum, Immutable X and Boba Network all fall under the umbrella of L2 projects. Other competitors are Loopring, Zksync and Optimism.
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