The BOBA token is the native token of Boba Network, a Layer-2 Ethereum scaling solution. It’s used for transaction fees, staking, and governance. The network uses Optimistic Rollups for faster transactions and lower fees, and is compatible with Ethereum smart contracts. Token holders can stake BOBA to earn rewards and secure the Layer-2 chain. They can also propose or vote on network changes. Boba Network was founded by Alan Chiu.