Research Summary
The report discusses six projects building on the Celestia ($TIA) platform, including Ancient, HyperLane, Skip, Cartesi, Union, and Alt Layer. These projects leverage Celestia’s scalability, lower transaction costs, and near-instant confirmations to offer solutions in gaming, rollup bridging, interoperability, application-specific rollup protocols, zero-knowledge infrastructure, and restaking mechanisms.
Key Takeaways
Ancient: Gaming Chain with Rapid Growth
- Scalability and Security: Ancient is a gaming chain that leverages Optimistic Rollups with Ethereum security, building on Celestia for scalability, lower transaction costs, and near-instant confirmations.
- Community and Investors: The report highlights the importance of community and investors in the gaming industry. Ancient started as a gaming guild and experienced rapid user base growth before building its own gaming chain.
HyperLane: Bridging Rollups
- Connecting Rollups: HyperLane is the first Celestia Rollup bridge, making it easy to connect all rollups launched on Celestia. It can be deployed to any blockchain environment.
Skip: Interoperability Solution
- Interoperability SDK: Skip provides the SDK for interoperability in the Celestia Baselayer, offering a solution to issues in different ways with some resemblance to Eigenlayer.
Cartesi: Application-Specific Rollup Protocol
- Cost Savings: Cartesi is an application-specific rollup protocol with a Linux runtime built on Celestia. It offers significant cost savings in gas fees, opening possibilities for open-source games and employing distinctive libraries.
- Python Backend: Cartesi’s backend was coded in Python, meaning developers don’t need to be proficient in Solidity to create dApps.
Union: Zero-Knowledge Infrastructure Layer
- Seed Funding: Union, a hyper-efficient zero-knowledge infrastructure layer for general message passing, asset transfers, NFTs, and DeFi, raised a $4M seed round.
- Launch Timeline: Union is set to launch in the first half of 2024.
Actionable Insights
- Monitor the Growth of Gaming Chains: With Ancient’s rapid growth, it may be beneficial to keep an eye on the development and expansion of gaming chains, particularly those leveraging the scalability and security of platforms like Celestia.
- Assess the Impact of Rollup Bridges: HyperLane’s role as the first Celestia Rollup bridge highlights the potential of such technology in connecting various rollups. Understanding the impact of these bridges could provide insights into future blockchain developments.
- Explore Interoperability Solutions: Skip’s provision of an SDK for interoperability suggests a growing need for such solutions in the blockchain space. Exploring these solutions could offer a better understanding of the evolving blockchain landscape.
- Consider the Benefits of Application-Specific Rollup Protocols: Cartesi’s application-specific rollup protocol and its potential for cost savings in gas fees underscore the benefits of such protocols. Assessing these benefits could provide valuable insights into efficient blockchain development.
- Track the Progress of Zero-Knowledge Infrastructure Layers: Union’s successful seed funding round and upcoming launch indicate the potential of zero-knowledge infrastructure layers. Tracking the progress of such projects could offer insights into the future of blockchain technology.
