Journalist
Posted: November 27, 2024
- A Crypto VC projected a positive outlook for Celestia, citing rising Ethereum blob fees.
- However, more TIA ($0.55) supply was expected to hit the market in 2025, which could affect prices.
Ethereum [ETH ($3,151.08)] blob fees have hit record highs and could boost data availability providers like Celestia, according to crypto VC and analyst Ryan Watkins of Syncracy Capital.
Watkins projected that the increased L2 transaction costs (blob fees) could force some protocols to opt for Celestia.
He said,
“With Ethereum blob fees entering price discovery, a big opportunity is opening for Celestia…Creates potential for Celestia to capture high-performance L2s which Et...
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