
Institutions are increasingly focusing on moving capital markets onto blockchain technology, with Ethereum being highlighted as the only scalable ecosystem that meets the requirements for decentralized and sustainable infrastructure. Celestia, a new blockchain technology, is noted for its ability to allow the deployment of specific-purpose chains with privacy and permissioning, although it does not threaten Ethereum's position. Celestia's maximum throughput is reported at 1.3 MiB/s, suggesting a high-performance chain could achieve less than 20,000 transactions per second (TPS). However, scaling decentralized applications (DA) on Ethereum is emphasized as crucial to prevent Layer 2 solutions from migrating to other chains, particularly if they begin issuing stablecoins directly. The need to enhance Ethereum's consensus layer is seen as vital for maintaining its competitive edge in institutional-scale decentralized finance (DeFi).
We must scale DA on Ethereum in 2025, or the L2s will move to other chains. If L2s also issue stablecoins or other RWAs directly vs via the L1, then that migration will be even easier and more painful for Ethereum. Scale the consensus layer!
If every chain goes IBRL, we'll need to reset our expectation of how valuable DA is If Hyperliquid was a rollup, it would consume 130% of Celestia's currently available DA If every chain goes full MegaETH single-validator rollup, we're going to run out of DA DA is the new…
as a reminder, ethereum’s great edge, the thing nobody has been able to touch it on, is institution-scale defi utterly wild people are saying celestia is the ethereum killers while berachain is gradually building the greatest liquidity black hole known to man
