Rollup infrastructure tends to be improved, modular blockchain becomes the main trend of future development, and Celestia will play an important role in it.
Author: Lisa, LD Capital
Since its launch, Celestia's specially built data availability layer has been increasingly chosen and applied by more and more public chains. This article will sort out the current development of Celestia's ecosystem. We have previously released "A Brief Analysis of Modular Blockchain Celestia" in November for basic information about the Celestia project, which will not be elaborated in this article.
I. Celestia's Data Cost Compared to Ethereum
The cost of various layer2 publishing data to Ethereum for payment is expensive, exceeding $30 million in December 2023.
The article "The impact of Celestia’s modular DA layer on Ethereum L2s: a first look" published by Numia Data compares the cost of different L2s publishing callData to Ethereum over the past 6 months with the amount they may spend using Celestia as the DA layer (the calculation sets the TIA price at $12). The huge economic benefits that specialized DA layers like Celestia can bring to L2 Gas fees can be seen from the difference in the magnitude of the two.
II. Recent Development of Celestia Ecosystem
1. Celestia has received support from multiple RaaS platforms
With the development of Rollup-As-A-Service (RaaS), developers have a large number of tools to build Rollup blockchains, which can quickly deploy Rollup while inheriting the security of the underlying layer. The following Rollups-as-a-Service protocols all provide Celestia as an option for the underlying layer, and RaaS is already able to support many Ethereum Rollup frameworks, including Arbitrum Orbit, OP Stack, and Polygon CDK.
2. List of Celestia Ecosystem Projects
Manta
Manta Network is a modular blockchain for ZK applications created by a founding team from prestigious institutions such as Harvard University, Massachusetts Institute of Technology, and Algorand, and has received investments from Binance Labs and Polychain Capital, among others.
Manta Pacific, built on OP Stack, provides a scalable and cost-effective gas fee environment for ZK applications, using Manta Network's universal circuits, allowing developers to quickly build, test, and deploy ZK-supported applications using Solidity and the universal circuit SDK. It also implements EVM equivalence based on the OP Stack Bedrock code library and will implement zkEVM based on Polygon CDK in the future.
Manta Pacific, using Celestia's modular data availability solution, has greatly reduced user transaction costs and is the first Ethereum L2 to adopt Celestia for modular data availability. After migrating the Data Availability Layer from Ethereum to Celestia, the cost has been reduced by 99.81% compared to using the Ethereum mainnet.
Recently, Manta launched a liquidity incentive activity "New Paradigm" similar to Blast staking, where users can earn future token rewards by staking funds. With the launch of the activity, Manta Pacific's TVL has rapidly increased.
Dymension
Cosmos ecosystem modular settlement layer Dymension launched the Genesis Drop, distributing airdrops to Celestia, Ethereum Layer2, Cosmos, Solana, and NFT holders. Users can claim 70 million DYM (7% of the total supply) before 20:00 on January 21, 2024 (Beijing time), adding a golden shovel narrative to TIA.
Celestia: As of December 19th (block height 360,000), users staking at least 1 TIA and up to 5000 TIA are eligible to receive 20,000,000 DYM (2% of the total supply);
Ethereum Layer2: Dymension will provide 10,000,000 DYM (1% of the total supply) for Arbitrum, Optimism, Base, and Blast users;
Cosmos: Dymension will allocate 17,500,000 DYM (1.75% of the total supply) to Cosmos ecosystem users;
Solana: Dymension will allocate 10,000,000 DYM (1% of the total supply) to over 500,000 addresses on protocols such as Wormhole, Tensor, and Drip.Haus.
Dymension will also allocate 12,500,000 DYM (1.25% of the total supply) to Pudgy Penguins, Mad Lads, Tensorians, and Bad Kids holders.
In addition, Dymension will launch a liquidity incentive program one week after the mainnet launch, allocating 2.5 million DYM to users who cross-chain to Dymension.
Saga
Following Dymension, the Cosmos ecosystem scalability protocol Saga announced the eligibility criteria for the Genesis airdrop, distributing airdrops to the Celestia community, with over 27,000 wallets qualifying.
ZKFair
ZKFair is the first community-owned zkrollup, using Polygon ZK and Celestial DA architecture, with technical support provided by Lumoz. The Gas Fee Airdrop on December 24th sparked high enthusiasm, and the token also created a significant wealth effect after its launch.
Arbitrum Orbit
On October 25, 2023, the Arbitrum Foundation and the Celestia Foundation announced the integration of Celestia's modular data availability network into the Arbitrum Orbit and Nitro stacks, providing developers with the option to publish data to Arbritrum One, Arbritrum Nova, and Celestia. The Arbitrum Sepolia testnet was officially launched on December 20. Subsequently, several protocols on Arbitrum announced their integration with Celestia.
Syndr: A decentralized derivatives exchange based on Arbitrum Layer3 "Arbitrum Orbit", offering low-cost, low-latency, and high-throughput options and perpetual contracts.
Kinto: The first KYC'ed Layer 2 that can support modern financial institutions and decentralized protocols.
Alpha Dune: Focuses on "loyalty-driven" GameFi applications on L2.
Deri: A decentralized cross-chain derivatives protocol built on orbit L3.
Eclipse
Eclipse Mainnet is a general L2 that combines the best parts of modular stacks, with Ethereum as the settlement layer with a verification bridge, Celestia as the data availability layer, RISC Zero for generating zero-knowledge fraud proofs, and Solana's SVM as the execution environment. The Eclipse testnet went live on December 14, and Eclipse's data began to be published on Celestia’s Mocha testnet.
Pocket Network is a decentralized API data service protocol that provides access to blockchain data through incentive mechanisms established among all blockchain participants (application developers and full node operators), and it belongs to the depin track. Pocket announced on November 21 that it will adjust its development roadmap and adopt the Rollkit open modular framework, which will utilize Celestia as the consensus and data availability layer for the POKT network. The related Shannon upgrade will go live on the testnet in Q1 and on the mainnet in Q2.
Movement
Modular blockchain network Movement Labs launched the Ethereum L2 "M2" based on Move, using Celestia's modular data availability layer for expansion, aiming to accelerate the creation of high-performance consumer applications. The Move VM is optimized for high throughput, with a native fee market and embedded support for formal verification. M2 also extends through Blobstream, transmitting Celestia's high-throughput modular DA to Ethereum for integration by L2.
III. Conclusion
Rollup infrastructure tends to be improved, and modular blockchain becomes the main trend of future development, with Celestia playing an important role in it. At the beginning of its launch, Celestia's business model faced some skepticism, such as the scalability project that does not use Ethereum as the DA layer not being an Ethereum Layer2, the independent DA layer not empowering Ethereum but increasing systemic risk, and the conflict of interest between the independent DA layer represented by Celestia and Ethereum itself. Today, through the increasing choice of RAAS and Layer2, Celestia has to some extent proven itself. With the continuous rise in TIA price and the flourishing development of its ecosystem, Celestia has gained unparalleled momentum, gradually moving towards the positioning of the "best DA layer" in modular blockchain. However, it will also face competition from Ethereum after the Cancun upgrade, EigenDA, AVAIL, and others in the near future. The future pattern of Rollup and the dominance of DA are eagerly anticipated.
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