The State of Celestia
Let's dig into Celestia's metrics, adoption and development.
In crypto, new chains are a dime a dozen and tend to follow familiar patterns. Thus, over the past several years we've seen a fair share of copycat chains with little to add to the conversation. Celestia has been different.
The chain has taken a unique approach, dialing in its functions as a data layer for rollups, allowing chains to post their data on the Celestia network, similar to how blobs are posted on Ethereum. While this model presents an exciting next step for blockchain technology, the real question is, how has Celestia been performing so far, and what are its plans to compete with other chains like Ethereum?
Let’s examine some key metrics, the rollups currently building on Celestia, and what the team has planned for the future!
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Kazu Umemoto
Kazu Umemoto is an analyst and has been with Bankless since October 2024. Previously worked at an accounting firm doing tech auditing. He graduated from the University of Oregon with a degree in finance and a minor in computer science.
