Celestia has been steadily winning market share in data storage from Ethereum since May.
Celestia, a layer-1 data availability network, is poised to take the number one spot in onchain data storage from incumbent Ethereum, according to Blockworks Research.
Celestia has been steadily gaining market share from Ethereum since May, starting at around 20% and rising to approximately 40% as of July 31, according to the data.
Launched in 2023, Celestia describes itself as “a modular data availability network that makes it easy for anyone to securely launch their own blockchain.” Its emphasis on data availability puts it in competition with Ethereum, Web3’s leading settlement layer.
