Demex Daily #234: Celestia Reveals Plan for 1GB Blocks to Enhance Scalability

What’s Interesting Today:

Celestia, a layer-1 data availability network, revealed a roadmap to scale block sizes to 1 gigabyte, aiming to boost data throughput for its rollup ecosystem. This move enhances scalability, lowers transaction costs, and enables new on-chain applications like web apps and gaming. Celestia competes with rivals like EigenDA and Avail. Its 1-gigabyte block capacity could surpass Visa's 24,000 TPS. Celestia has gained market share from Ethereum, reaching 40% by July 31. Unlike Ethereum, Celestia isn’t constrained by execution overhead, allowing for greater scalability.

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Injective is launching a tokenized index allowing traders to bet on the growth of BlackRock’s BUIDL Fund, a leading tokenized Treasury fund with $517 million in assets. The BUIDL Index on Injective's decentralized exchange Helix enables long, short, and leveraged positions. BUIDL tokens, worth $1 each, offer monthly payouts and are backed by short-term U.S. Treasury bills. Injective's Real World Asset oracle and partnership with Stork ensure precise tracking. The BUIDL Fund, launched in March, has quickly surpassed $500 million, outpacing other tokenized Treasury funds.

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