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On today's issue:

EIGEN 7b drop
Aerodrome 1B TVL
Celestia 100M Raise

This issue is brought to you by Tokenpad:

Tokenpad generates an earnings report for each asset you hold, across your crypto wallets.

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Eigen 7B Drop

EIGEN is now a liquid token. It’s currently at $3.6, after starting at $4.3

It’s TVL has dropped from $20b in June to $12b now. Attributed to people who received the airdrop.

There’s 60+ AVS building on Eigenlayer, which is used to scale blockchains.

Aerodrome on Base

Aerodrome is the top DEX on Base. It has 1B in deposits, more than half of the networks TVL.

Uniswap and Pancakeswap are still leading in other networks, while Raydium and Orca have similar volumes on Solana (around 9B)

It was a fork from Velodrome, from OP, in Sep 2023.

Users Stake their AERO, to receive votes, and in turn, a share of the revenues.

Celestia 100M Raise

Celestia raised 100M from firms like Bain, Placeholder, Robot, 1kx and others

Unlike traditional blockchains, which bundle consensus, execution, and data availability into a single “layer”, Celestia decouples these components. It handles consensus and data availability, leaving execution to the rollups

Celestia's performance comes from "data availability sampling", which allows nodes to verify that data is accessible without needing to download the entire dataset. It does this by only requiring resource-limited light nodes to sample a random number of shares from each block to verify data availability.

TIA is a proof-of-stake token for participating validators. TIA is also used to pay for transaction fees on the network, such as paying for publishing data on-chain. It also acts as a governance token of the network.

Celestia powers over 20 Rollups, and posts 50% of the Rollup data to Ethereum.

Also, make sure to use Tokenpad's mobile app to track all your accounts, both on centralized exchanges, and decentralized wallets, for free.

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Disclosure: All content published is for informational purposes only, and does not constitute any sort of financial advice.

Tokenpad Roundup 29 | EIGEN 7b drop, Aerodrome 1B TVL on Base, Celestia 100M Raise