In this episode of Level Up, David and Sean are joined by Nick White, COO and founding team member of Celestia. Nick shares how Celestia is building a modular blockchain architecture that separates execution, settlement, and data availability to scale Web3 applications. The discussion explores Celestia’s growth strategy, competitive positioning, and the evolving data availability landscape – including insights on throughput, token economics, revenue, and adoption trends.

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Key Points From This Episode:

[00:00:00] Intro

[00:01:25] Introduction to Celestia and its market position

[00:02:19] Monolithic vs. modular blockchain architecture

[00:05:19] Ethereum fee evolution and Celestia’s comparative model

[00:07:51] Revenue sources and early usage metrics for Celestia

[00:09:22] Supply-side challenges and unlock schedule implications

[00:11:28] Market comps and the state of data availability competitors

[00:14:10] Investment thesis for data availability expansion

[00:16:04] Introduction to Nick White and his background

[00:18:32] The modular thesis and architectural vision

[00:20:55] Celestia as AWS for blockchains

[00:23:40] Transaction flow in Celestia vs. traditional blockchains

[00:27:21] Landscape of DA providers and Celestia’s position

[00:31:33] Use cases where Celestia outperforms Ethereum

[00:35:19] Celestia’s pricing strategy and block space cost structure

[00:39:24] Key performance indicators and growth tracking

[00:43:44] Current customers and usage pipeline

[00:47:42] Revenue potential at 1 million TPS

[00:50:04] Tokenomics: TIA’s role in staking and future fee capture

[00:54:38] Addressing the DA-as-commodity argument

[01:02:37] Timeline and governance for future pricing power

[01:06:59] Celestia Labs and Foundation roles

[01:07:53] Institutional backers and unlock schedule

[01:12:41] Validator incentives under new inflation models

[01:14:04] Risks and adoption catalysts moving forward

[01:18:56] Final reflections on Celestia’s vision and crypto’s future

Links:

The Medici Network: https://www.medici.network/

Podcast Site: https://levelup.medici.network/

Interested in being a Guest? Connect with Elmira on X: https://x.com/elmira_yilham

Co-Hosts

David Grider, Finality Capital: https://x.com/David_Grid

Sean Farrell, Fundstrat Global Advisors: https://x.com/SeanMFarrell

Guests

Nick White, Celestia:

X: https://x.com/nickwh8te

LinkedIn: https://www.linkedin.com/in/nickwh8te

Production and editing by The Podcast Consultant - https://thepodcastconsultant.com/

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