Celestia Ecosystem Updates:

Discover the latest developments in the Celestia ecosystem, including new project launches like Gravity Chain, Henez Finance, and Plume Network.

Updates

Aug 3, 2024

0 min read

By

Winfred K. Mandela

The Celestia ecosystem is rapidly evolving with recent updates highlighting significant launches, technical advancements, and community events that showcase its growing influence. Here’s a detailed look at the latest developments in the Celestia ecosystem.

New Project Launches in the Celestia Ecosystem

Gravity Chain

Gravity Chain is one of the latest projects to launch using Celestia as its data availability (DA) layer. Developed in collaboration with Arbitrum Orbit, Gravity Chain is designed to facilitate mass adoption through its innovative layer-one blockchain architecture.

Known as the "magnet chain for Web3," Gravity Chain offers a robust platform for decentralized applications (dApps) and integrates seamlessly with other blockchain networks for enhanced interoperability.

Henez Finance

Henez Finance has emerged as a key player in the DeFi space by launching a modular liquidity layer powered by Celestia. This project utilizes Arbitrum Orbit and Celestia to create a highly scalable and flexible DeFi ecosystem. By leveraging Hyperlane and Caldera technologies, Henez Finance aims to provide seamless liquidity solutions across multiple blockchain networks, enabling users to access diverse financial services with ease.

Plume Network

Plume Network is a Layer 2 solution that focuses on real-world assets (RWA) and has launched its testnet with Celestia as the underlying DA layer. This network is designed to offer a modular EVM Layer 2 solution, enhancing the capability to tokenize and manage real-world assets on the blockchain. Users interested in RWAs can explore Plume Network’s testnet and its potential applications.

Exciting Developments with Orderly Network

Orderly Network has achieved significant milestones, becoming one of the largest users of Celestia’s DA. The network has processed over $67 billion in trading volume, with builders earning approximately $9 million. Orderly Network’s extensive data usage has led to the development of "super blobs," which increase the data per blob that can be posted to Ethereum by 15x.

Community Highlights and Events

The Celestia community continues to thrive with events and activities that bring enthusiasts and developers together. The recent Modular Summit in Brussels featured insightful speeches, presentations, and panels, including an interview with Celestia co-founder Mustafa.

The Celestia ecosystem is experiencing rapid growth and innovation with new project launches, technological advancements, and active community engagement. As more projects integrate with Celestia, the ecosystem’s potential to transform the blockchain landscape continues to expand. Stay tuned for more updates and opportunities within the Celestia community.

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