Celestia Launches Blobstream Data Availability Solution on Ethereum Mainnet for High-Throughput Layer 2 Solutions

Succinct Labs has developed Blobstream, a data availability solution for Ethereum layer 2 solutions, which has been launched on the Ethereum mainnet by modular blockchain network Celestia. Blobstream provides high-throughput data availability secured by cryptoeconomic guarantees, allowing developers to work within the Ethereum ecosystem without the need for permissions or committees while ensuring security. Following code audits and Celestia's upcoming launch, the community will be able to deploy Blobstream on Ethereum Mainnet and L2s to enhance streaming DA. Meanwhile, Bitcoin futures indicate a potential market correction after the FOMC meeting on June 5, 2024, PlayFi has partnered with four industry leaders to improve gaming innovation through AI and Web3, and Polkadot has allocated $14.4 million to enhance DeFi with Hydration, according to a press release on June 10, 2024.