Boba Network | Crypto

Boba Network’s Q1 2025 performance showed diverging trends, with usage consolidating on Boba Ethereum while financial metrics declined. BOBA’s market cap fell 50.5% QoQ to $42.3M, and revenue dropped 68.4% to $1,624. Boba Ethereum drove 93% of transactions and saw daily active addresses rise 24.9% QoQ, while DeFi TVL fell 30.8% to $1.8M. Key developments included the Boba DeFi Journey, Nucleus deployment, Flipside integration, and mainnet upgrades to support Ethereum’s Pectra update.