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Benzinga
Benzinga
Business
Ryan McNamara

EXCLUSIVE: Ethereum Layer 2 Boba Network Raises $45M To Scale DeFi — Here's What's Next

While Ethereum (CRYPTO: ETH) is the preferred blockchain for most developers, users, and applications, it struggles to scale with user demand. At peak times, transactions on Ethereum can cost hundreds of dollars, as users essentially bid against each other to process their transactions.

Benzinga spoke with Alan Chiu, founder of Boba Network, to learn more about Ethereum scaling. Boba Network recently raised a $45-million series A funding round to help scale Ethereum.

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