On Wednesday, Boba Network, a layer-2 scaling solution that leverages optimistic aggregation technology, revealed that it now supports proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will result in “faster transactions and lower fees.”
Boba Network integrates with Avalanche PoS blockchain
On Wednesday, Layer 2 (L2) expansion project Boba Network launched Boba AVAX L2 via the team’s Twitter account. “We are very excited to announce our partnership as the official scaling solution for Avalanche,” said Boba. “Avalanche offers extremely fast, low-cost and environmentally friendly solutions: the Boba AVAX L2 upholds these values and further enhances it.”
Boba is already connected to the Ethereum (ETH) network, and at the time of writing, l2fees.info stats show that Boba’s fee for transferring ETH today is $0.17, while the estimated price of swapping tokens is $0.30. That’s cheaper than the 34 gwei ($0.96) currently sending ether on-chain, according to etherscan.io’s gas tracking tool. A high-priority decentralized exchange (dex) exchange costs $8.47 per transaction on-chain, so Boba’s $0.30 exchange cost is 96.45% cheaper.
“Faster Transactions, Lower Fees: Boba AVAX L2 for all transaction-heavy, throughput-dependent protocols [and] Anyone who wants to be a member of the next generation,” Boba further said Announce on Wednesday. The team further explained that it is gaining new support with partner decentralized applications (dapps) such as Sushiswap and Evoverses. Boba added:
Sushi will deploy their Legacy Swap on Boba AVAX L2, while Evoverses will join their 3D PvP game, powered by Unreal Engine 5 [and] Hybrid computing helps games scale and reach their full potential.
Recently, L2 projects like Boba Network have been working with numerous industry giants and blockchain networks. Opensea recently detailed that leading NFT marketplace added support for Arbitrum, while NFT marketplace competitor Rarible revealed support for Immutable X. Arbitrum, Immutable X, and Boba Network are all L2 projects, and other competitors include Loopring, Zksync, Optimism, Metis, Polygon Hermez, and Aztec.
What do you think of Boba Network adding Avalanche support? Let us know what you think about this topic in the comments section below.
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