Violet Abhati recently revealed in a video dialogue that the Boba network has plans to provide rollups for multiple blockchains. The Chief Operating Officer of the network further stated that the multichain plans would benefit the developers and users, even if it would take some time to achieve.
Boba is a layer two scaling solution developed to scale the Ethereum network. The Ethereum network has faced many scalability issues, and Boba has created a framework that facilitates faster blockchain transactions. With Boba, users can also enjoy much lower transaction costs.
Boba is now working with Fantom, Moonbeam, and a few other protocols to achieve its goal of becoming a reliable layer-two chain for execution layers. The protocol will benefit gamers and developers maximally.
The Boba network hosts some protocols, and Unidex is one of them. About five days ago, Unidex announced that it had reached a new milestone on Boba. Unidex crossed a transaction volume of $700K, making it the protocol with the highest trading volume on the Boba network.
Unidex exchange also supports the trading of multiple assets like ETH and QQQ. Users can also trade non-crypto assets on the platform, like gold and euros. Furthermore, Unidex users enjoy charting data, perpetual swaps, limit orders, and trade data on the decentralized exchange.
With the Boba ecosystem growing, more data aggregators will likely be hosted on the protocol soon. Boba will be looking to draw the interest of web2 developers to the web3 ecosystem.
Its support for multiple blockchains will further reduce the congestion on layer-one chains and increase Boba’s chances of scaling.
With the growth of the web3 ecosystem, Boba is also creating more room to accommodate web3 users. The protocol has announced that it will support blockchain education for users who speak other languages besides English, making it a blockchain for everyone.
