📝 Editor’s Note:
After kicking off this series last week, OurNetwork is back with part two of its data protocols series. As defined in the previous issue, data protocols are projects in crypto which fetch, serve, or store onchain data.
Special thanks to Maus, Anthony, and Marcin for covering Celestia, Pyth, and RedStone respectively in this one. Let's dig in.
– ON Editorial Team
Data Protocols Part 2 📊
Celestia | Pyth | RedStone
Celestia 🦣
👥 Maus | Website | Dashboard
📈 Cost of Megabytes Posted on Celestia Hits All-Time Low
Celestia's market share in the data availability (DA) provider space has declined to 48%, down over 30 percentage points since April. That shift that coincides with a sharp drop in overall DA utilization as Eclipse, an Ethereum Layer 2 which can run Solana-compatible code, has reduced its usage of Celestia significantly since a snapshot (likely for a token generation event). Despite the slowdown, Celestia remains the most cost-effective option, with the price to store data reaching an all-time low of $0.02 per megabyte. That's 35 times cheaper than Ethereum Blobs, which currently cost $0.70 per MiB.
✏️Editor's Note:
Data availability is the guarantee that transaction data is published and verifiable by network participants without requiring them to download or store the entire blockchain. DA matters because it ensures all blockchain participants can access the data needed to verify transactions and maintain consensus.
Overall network revenue is down on a weekly basis, blob fees, which are the fees users pay to store data, are increasingly dictating momentum for Celestia. Since April 2025, network revenue has stabilized around 1M TIA (Celestia's native token) per week.
