Celestia’s Blob Size Surge

Celestia has experienced a significant and sustained increase in blob sizes over the past two weeks. For added context, Celestia’s blob size can be interchangeably referenced as the number of blobs posted on Celestia.

Blob Size Increase

Between June 20 and December 20, 2024, the average blob size on Celestia was approximately 1.18 GB. This figure has nearly tenfold in size over the last two weeks, reaching an average of 11.4 GB.

Transaction Growth

Similarly, daily transactions on Celestia have also substantially increased during this period. From June 20 to December 20, Celestia averaged around 44,000 transactions per day. Over the last two weeks, this number has grown by over 60%, with a daily average of 71,000 transactions.

Factors Contributing to Growth

The nearly tenfold increase in blob sizes is likely due to an NFT mint that occurred during this period, as well as more projects choosing to utilize Celestia as a data availability layer. The NFT mint in question involved the Mammoth Overlord NFTs on the Forma blockchain, which utilizes Celestia. Another example is RARI chain’s decision to integrate Celestia on December 23.

It is worth pointing out that almost the entirety of the blobs posted on Celestia in this heightened period over the last two weeks have been due to Eclipse, an Ethereum Layer 2 blockchain that utilizes a Solana virtual machine and Celestia as its data availability layer.

Market Capitalization Impact

Interestingly, from the time Celestia’s blob size first experienced a spike on December 23, the market capitalization of TIA has increased by roughly 14% to the time of writing. TIA’s market cap currently stands at $2.62 billion, with a fully diluted valuation of around $6 billion, down 54% since the beginning of 2024.

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