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Built with the Cosmos SDK, Celestia is a data availability (DA) blockchain created as an affordable and efficient hub for Layer 2 (L2) rollups to publish transaction data. The idea is to offer L2s a cheaper place to post their data than the Ethereum mainnet, lowering gas costs for L2 users.
Accordingly, Celestia allows L2s to modularly sidestep having to manage their own DA solutions in pursuit of better prices so they can focus instead on their execution layer, where the end-user magic—i.e., transactions—happens.
For example, the DeFi options project Lyra just announced that its Optimism-based Lyra Chain L2 is embracing Celestia for its DA needs.
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