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Liquid Restaking Tokens: Crypto's Next Timebomb? | Analyst Round Table
Jan 10, 2024
01:10:23
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Quick takeaways
- Celestia's data availability layer aims to provide a cheaper and more efficient scaling solution for rollups on other chains.
- Developers should optimize their bidding strategies and consider the fee structure on Celestia to ensure cost-effective data posting.
Deep dives
Celestia: A Cheaper Data Availability Layer for Scaling
Celestia is a purpose-built blockchain that aims to provide a cheaper data availability layer for other chains to scale. It uses data availability sampling to reduce the cost of posting data, allowing rollups to scale more efficiently. The team behind Celestia is strong and focused on their vision. Ethereum currently sees about 700 MB of data posted daily by various rollups, with Linear, ZK Sync, Arbitrum, and Optimism being the largest contributors. Currently, there are four active namespaces on Celestia, with Manta Network and AstroGlyph being the most active protocols. It's worth noting that some protocols may be paying higher fees than necessary, indicating a potential inefficiency in the fee model.
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