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On today's issue:
EIGEN 7b drop
Aerodrome 1B TVL
Celestia 100M Raise
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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.
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