BOBA (Boba Network) rose 3.52% in the last 24 hours.

Gate News Bot news, September 1st, according to CoinMarketCap data, as of the time of writing, BOBA (Boba Network) is currently priced at $0.10, with a rise of 3.52% in the last 24 hours, peaking at $0.11 and dipping to $0.09. The current market capitalization is approximately $16.6 million, an increase of $565,100 from yesterday.

Boba Network is a multi-chain layer 2 scaling solution designed to unlock the potential of blockchain through rollup technology and achieve cross-chain interoperability. The protocol is EVM compatible and has been deployed on Ethereum and BNB Chain, supporting fast transactions and lower fees. Boba Network’s HybridCompute™ technology allows developers to build smart applications that connect to off-chain APIs, enabling smarter dApp development.

Important recent news about BOBA:

1️⃣ Boba Network secures $70 million funding commitment Boba Network Foundation has reached a BOBA token agreement with FTX Recovery Trust, committing to invest $70 million. This funding will be used to support the development of the Boba ecosystem, with the expectation of bringing more liquidity and growth opportunities to the project, driving the price of BOBA to rise.

2️⃣ Boba Network launches integrated DeFi ecosystem Boba Network has launched an integrated DeFi ecosystem with a multi-platform flywheel loop. This initiative will provide users with richer DeFi application scenarios, helping to attract more users and funds into the Boba ecosystem, thereby increasing the demand and value of the BOBA token.

3️⃣ Boba Network collaborates with Thrive Protocol to launch ecosystem grant program Boba Network has launched the Thrive-Boba ecosystem grant program in collaboration with the Thrive protocol, aimed at supporting Web3 innovation. This program will attract more developers to build applications on the Boba network, expanding the ecosystem scale and benefiting the value of the BOBA token in the long term.

From a technical perspective, the price of BOBA has recently shown a rising trend, breaking through the $0.10 mark. Considering the cumulative effect of several positive factors, BOBA may continue to maintain its upward momentum in the short term. However, investors still need to closely monitor the overall cryptocurrency market trends to assess potential risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.