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Ethereum Layer 2 Boba Network integrates with Fantom and Moonbeam

Boba Network is a Layer 2 solution that leverages Optimistic Rollups, an off-chain computation layer to achieve faster and cheaper transactions for the Layer 1 network.

Boba Network has gone multi-chain by expanding to two other Ethereum-compatible chains: Fantom and Moonbeam. Boba Network currently has a TVL of approximately $82 million, ranked 6th in the top of the largest Layer 2 solutions on Ethereum, up one place compared to 2 months ago.

Ethereum L2 Boba Network valued at $1.5 billion following Series A

Boba Network, an Ethereum Layer 2 scaling solution, has raised $45 million in a Series A funding round at a $1.5 billion valuation.

The funding round had participation from several crypto-focused venture funds including Infinite Capital, Hypersphere and several crypto industry founders from projects such as Origin Protocol, The Graph, FEI Labs and exchange giants Crypto.com and Huobi.

Boba Network (BOBA) becomes the 2nd largest Ethereum Layer 2

According to data compiled by Ambcrypto, Boba Network, an Ethereum Layer 2 scaling & augmenting solution built by the Enya team, has surpassed dYdX to place itself in the #2 spot with $1.3 billion in TVL.