Ecosystem expansion and $45M funding round boost Boba Network (BOBA) price by 30%

Cointelegraph

Published Apr 05, 2022 04:32PM ET

Updated Apr 05, 2022 07:20PM ET

The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that will offer the greatest return.

The Boba Network (BOBA) is the most recent protocol to benefit from institutional interest and the long search for an Ethereum (ETH) layer-two scaling solution capable of low-cost transactions and fast processing times.

BOBA/USDT 4-hour chart. Source: TradingView
Unique Boba bridge users. Source: Dune Analytics

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