Boba Network
Boba Network is a Layer-2 Optimistic Rollup scaling solution for Ethereum and EVM-compatible chains, offering 10x-100x lower fees and proprietary HybridCompute™ technology for off-chain data integration. It serves blockchain developers and crypto users via a product-led, token-incentivized ecosystem.
- Company typePrivate
- Founded2018
- HeadquartersPalo Alto, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Boba Network does
Boba Network is a Layer-2 Optimistic Rollup scaling solution for Ethereum and other EVM-compatible blockchains, built on the Optimism codebase and operated by Enya Labs (founded by Alan Chiu). The platform processes transaction computation off the Ethereum mainnet, offering fees that are 10x to 100x cheaper than the underlying L1 while inheriting L1 security through fraud proofs. The company serves two primary customer segments: blockchain developers building decentralized applications who need lower-cost execution and access to real-world data, and crypto users and traders seeking reduced transaction costs for DeFi, gaming, and NFT activities.
The company's core differentiator is HybridCompute™, a proprietary technology that enables smart contracts to connect with off-chain APIs, Web2 services, and real-world data through a single line of code, returning results atomically on-chain. Additional features include account abstraction for improved wallet UX, a dual-fee token system (BOBA or native chain token), and multi-chain deployments across Ethereum, BNB, Avalanche, Beam, and Opera. The platform is supported by an ecosystem of 106+ applications, 9,500+ deployed smart contracts, 72.39M+ total transactions, and 200,430+ cumulative unique addresses.
Boba Network's revenue model is based on network transaction fees (usage-based, payable in BOBA or native tokens) and token economics around the BOBA governance token. The go-to-market is primarily product-led with self-serve developer onboarding, augmented by two accelerator programs: Thrive Boba (powered by Thrive Protocol, $25K-$50K grants) and Liftoff (operated with Brinc). The company has raised approximately $115M cumulatively, including a $45M Series A at a $1.5B post-money valuation in April 2022 and a $70M capital commitment in July 2025 from Awaken Foundation and LDA Capital. The operating entity is headquartered in Palo Alto, California, with a headcount of 11-50 and regional community presence in India, Turkey, China, Vietnam, Japan, and Korea.
Boba Network firmographics
Firmographics- Name
- Boba Network
- Legal name
- Enya Labs
- Website
- https://boba.network
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Boba Network is a Layer-2 Optimistic Rollup scaling solution for Ethereum and EVM-compatible chains, offering 10x-100x lower fees and proprietary HybridCompute™ technology for off-chain data integration. It serves blockchain developers and crypto users via a product-led, token-incentivized ecosystem.
- Ownership category
- akta.pro rank
Boba Network industry classification
Industry- Product category
- Layer 2 Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing) (FSAPAAAH)
- akta.pro secondary industries
- Smart Contract Execution Environments (EVM/WASM, runtimes, precompiles) (FSAPABAA), Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK)
Keywords
Where Boba Network is headquartered
LocationHeadquarters
- HQ city
- Palo Alto
- HQ country
- United States
- HQ region
- North America
Markets served
Boba Network business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Others
Revenue model
- Network Transaction Fees: Users pay network fees when transacting on Boba Network. Fees can be paid in BOBA token or the protocol's native token (e.g., ETH on Boba ETH deployment). The platform offers up to 100x cheaper transactions compared to the underlying blockchain.
- Token Economics (BOBA): The BOBA token serves multiple purposes including governance, paying network fees, ecosystem growth incentives, and earning rewards. Token utility drives network value.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Variable network fees based on underlying blockchain |
| Hybrid | Pay-as-you-go | BOBA token for governance and fee payment |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Boba Network product offering
Product offeringCore offering
Boba Network is a Layer-2 Optimistic Rollup scaling solution for Ethereum that enables faster and cheaper transactions. Founded by Enya Labs, the platform offers HybridCompute technology that allows smart contracts to access off-chain data and compute, and supports the development of decentralized applications (dApps) through developer tools, an accelerator program, and ecosystem grants.
Product overview
Boba Network is a Layer 2 blockchain scaling platform offering a unified product portfolio centered on its core hybrid blockchain technology. The platform combines the main Boba Network (Layer 2 scaling via Optimistic Rollup) with its proprietary HybridCompute technology for off-chain data integration. The ecosystem includes the Boba Gateway and Hub for user interactions, 106+ integrated dApps across DeFi, gaming, and NFTs, the BOBA governance token, developer tools and documentation, educational resources, and accelerator programs (Thrive and LiftOFF) supporting ecosystem growth.
Differentiator
Problem solved
Functional benefit
Brands
- HybridCompute™: A proprietary technology enabling Boba Network's hybrid blockchain by connecting off-chain data and compute to on-chain smart contracts through a single line of code, allowing dApps to integrate Web2 APIs, AI/ML models, and real-world data in a secure, immutable manner.
- Thrive Boba
- LiftoFF Accelerator
Products and services
- Boba Network Layer-2 Platform A Layer-2 Optimistic Rollup blockchain platform that scales Ethereum, enabling developers to build and deploy decentralized applications with reduced gas fees and faster transaction throughput.
- HybridCompute A proprietary technology that enables smart contracts on Boba to access off-chain data and perform off-chain computation, extending on-chain capabilities to real-world data sources, algorithms, and APIs.
- Boba Gateway A user-facing interface that allows individuals to bridge assets between Ethereum and Boba Network and access Layer-2 features.
- BOBA Token The native ERC-20 token of the Boba Network used for governance, staking, and participating in the on-chain capital allocation process (Thrive).
- Boba Accelerator / Grants Program A program that provides funding, mentorship, and technical support to early-stage projects building on the Boba Network, fostering ecosystem growth.
- Thrive (On-chain Capital Allocation) An on-chain capital allocation and governance mechanism enabling the Boba community and token holders to fund and support ecosystem projects directly through the protocol.
Quantifiable outcome
- Up to 100x reduction in transaction fees compared to Ethereum
- +4 more outcomes
Companies that use Boba Network
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles2 records
Boba Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability5 records
Feature4 records
Boba Network partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core.
- BrinccoreGlobal accelerator operator running the Liftoff program for Boba Network. Provides mentorship, support, and investments to help founders build on Boba. Track record of 239+ companies across 36+ countries.
- Thrive ProtocolcorePowers the Thrive Boba grants program ($25K-$50K per project) supporting early-stage teams building on Boba Network in DeFi, gaming, infrastructure, and AI applications.
- Enya LabscoreCore contributors to Boba ecosystem. Listed as ecosystem partner in Liftoff accelerator. Co-founder & President Violet Abtahi leads ecosystem development.
- CovalentEcosystem partner providing unified API for blockchain data visibility across Boba Network.
- DMCCDubai Multi Commodities Centre - ecosystem partner supporting blockchain ecosystem development.
- MetaMaskLeading Web3 wallet integrated with Boba Network for user onboarding and transaction signing.
- AlchemyWeb3 developer platform providing APIs and tools for building blockchain apps on Boba Network.
- SushiDecentralized trading platform integrated on Boba Network for token swaps.
- GelatoWeb3 backend service enabling automated, gasless, and off-chain aware applications on Boba.
- Pyth NetworkOracle providing high-fidelity market data from professional traders and exchanges to Boba smart contracts.
- The GraphIndexing protocol for querying Boba Network and IPFS data.
- ZebecReal-time payments and crypto card solution integrated with Boba Network (Boba Card).
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Boba Network competitors and assessment
Company assessmentDirect peers
- Optimism: Optimism is the leading Ethereum optimistic rollup L2 whose codebase Boba Network is built on. Both target Ethereum-equivalent EVM execution at lower cost, share OP Stack tooling, and compete directly for the same developer and DeFi ecosystem. Boba extends Optimism's architecture with HybridCompute.
- Arbitrum: Arbitrum is the largest Ethereum optimistic rollup by TVL. It competes head-to-head with Boba for DeFi, gaming, and NFT applications on Ethereum, offering similar scaling economics and EVM compatibility but with substantially deeper liquidity and developer adoption.
- Base: Base is a Coinbase-incubated Layer 2 optimistic rollup built on the OP Stack. It targets the same developer and end-user audience as Boba, with significantly stronger distribution via Coinbase, making it a key competitor for new dApp deployments.
- Polygon zkEVM: Polygon zkEVM is a zero-knowledge Ethereum-equivalent L2 that competes with Boba on EVM compatibility, lower fees, and developer tooling. It is part of the broader Polygon ecosystem, giving it stronger brand recognition and enterprise partnerships.
- zkSync: zkSync (Matter Labs) is a ZK-rollup L2 offering EVM-compatible smart contract execution at lower cost than Ethereum. It directly competes with Boba for the same developer mindshare and offers faster L1 finality than optimistic rollups like Boba.
- Mantle: Mantle is an Ethereum L2 optimistic rollup backed by BitDAO that targets DeFi and gaming developers with low fees and high throughput. It competes with Boba in the same mid-tier L2 segment and has comparable institutional backing.
Emerging players
- Linea: Linea is a Consensys-developed zkEVM L2 focused on Ethereum scaling with MetaMask and Infura integration. It overlaps with Boba on developer tooling and EVM compatibility but differentiates via zk-proof architecture and Consensys ecosystem.
- Scroll: Scroll is a zkEVM Layer 2 that competes with Boba for EVM-equivalent execution at lower cost. It targets similar developer audiences and has been gaining traction as a newer entrant with strong technical positioning.
- StarkNet: StarkNet is a Validity-Rollup (ZK-STARK) L2 that competes with Boba by offering lower fees and high throughput, though with a different programming model (Cairo). It targets overlapping DeFi and gaming use cases.
- Mode Network: Mode is an OP Stack-based L2 targeting developer growth via sequencer revenue sharing. It overlaps with Boba in the optimistic rollup segment and competes for the same developer-and-user ecosystem of mid-tier L2s.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Boba Network social profiles
Digital presenceBoba Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boba Network leadership team
Management profileNumber of profiles
Profiles2 records
Boba Network subsidiaries and ownership
Company hierarchySubsidiaries3 records
Boba Network funding detail
Funding detailFunding overview
Funding rounds4 records
Investors38 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boba Network M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Boba Network
What does Boba Network do?
Boba Network is a Layer-2 Optimistic Rollup scaling solution for Ethereum that enables faster and cheaper transactions. Founded by Enya Labs, the platform offers HybridCompute technology that allows smart contracts to access off-chain data and compute, and supports the development of decentralized applications (dApps) through developer tools, an accelerator program, and ecosystem grants.
Is Boba Network a public or private company?
Boba Network is a private company. It is classified as venture growth investor backed and is currently operating.
When was Boba Network founded?
Boba Network was founded in 2018. It employs 11 to 50 people.
Where is Boba Network based?
Boba Network is headquartered in Palo Alto, United States, in the North America region.
How does Boba Network make money?
Two revenue lines are on record. Network Transaction Fees are the primary driver. The others are token Economics (BOBA).
Who are Boba Network's main competitors?
Direct peers on record are Optimism, Arbitrum, Base, Polygon zkEVM, zkSync and Mantle. Emerging players are Linea, Scroll, StarkNet and Mode Network.
Does Boba Network have an API?
Yes. Boba Network provides developer APIs and resources for building on its Layer 2 platform. Developers can deploy EVM contracts, create games, mint NFTs, use DeFi tools, integrate DEXs, explore dApps, and leverage HybridCompute. Documentation is available at docs.boba.network with GitHub repositories at github.com/bobanetwork. Developer documentation is at docs.boba.network.
What industry is Boba Network in?
Boba Network's product category is Layer 2 Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAAAH, Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing), with a secondary code of FSAPABAA, Smart Contract Execution Environments (EVM/WASM, runtimes, precompiles). Its NAICS code is 522320 and its SIC code is 6200.