BobaBNB, the layer 2 scaling solution for the BNB chain, processed more than 3 million transactions in May 2023, setting a new record. The height is primarily attributed to teller.
ROVI drives adoption of BobaBNB
With over 3 million transactions processed last month, BobaBNB has proven its scalability and popularity in crypto.
This milestone represents a significant increase compared to over 2.8 million transactions in April and just 585,000 transactions recorded in March 2023. With over 80,000 unique wallets using BobaBNB, the scaling platform now supports an average of 220,000 daily transactions.
This significant increase in transactions is attributed to increased activity on the ROVI network. Since its launch on BobaBNB weeks ago, ROVI has become the network’s top decentralized application (dapp), attracting over 50,000 unique wallets.
ROVI’s growing network presence is expected on BobaBNB as its mission is to simplify crypto technology and adoption through interconnected products. The flagship product, the M91 Crypto Super App, provides users with a familiar and easy-to-use P2P payment experience similar to WeChat Pay.
In addition, ROVI offers Keyboard91, a smart AI-powered keyboard app that rewards users with cryptocurrency for typing messages, and Gaming91, a crypto-based fantasy game backed by smart contracts.
ROVI Network has also built easy-to-use infrastructure such as secure keyless wallets based on multi-end computing, gas-free transactions, and one-click in-and-out ramps between cryptocurrencies and securities, which is critical to bringing billions of users to Web3.
Boba Network’s multi-chain infrastructure
Bupa Network It is an optimism-based Layer 2 multithreading solution that takes advantage of scaling technology. It allows developers to use Hybrid Compute technology to enable smart contracts that leverage real-world data and off-chain computing resources.
BobaBNB provides a platform for solutions such as the ROVI Network to achieve maximum performance with a focus on mass adoption. This platform reduces transaction costs and saves up to 80% in gas fees while ensuring that transactions are processed in near real time.
Another feature of the BobaBNB network that contributes to the increase in transaction volume is the massive popularity of web 3, the multiplayer city-building game, MegaWorld. The game includes real economies supported by smart contracts.
This makes BobaBNB the first layer 2 solution outside the Ethereum ecosystem to generate significant transaction volume.
A core contributor to Bupa said:
“Boba core shareholders are excited to see such a great traction on BobaBNB. Boba Network published a multi-chain strategy last year and is the only multi-chain L2. Every transaction brings revenue to the network. Boba Network will continue to support efforts to build the BobaBNB ecosystem.”
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