Given the current macro environment, this could be a good time to look for long-term trade opportunities, if you believe in the underlying fundamentals.
So if you don’t want to read the full Celestia report, this small section outlines the key points you need to make an informed decision on whether to buy $TIA or not. I’ll let you decide which case you prefer.
Below is a quick breakdown of the bull and bear cases for $TIA: what matters, what’s noise, and how I’m thinking about positioning.
$TIA: Bull and Bear Cases
Let’s analyze the $TIA bull and bear cases point by point. I promise to try to be as objective as a human can be.
Bull Case
1. Rollups need cheap, scalable DA.
Ethereum is saturated and blobs are capped, it’s politically messy with no coordination and will always run behind rollups’ blobs demand. Fees are volatile, and throughput is throttled to preserve decentralization. If you’re building a high-volume appchain (games, DePIN, social, micro-payments), Ethereum is expensive and slow to scale, hence does not fit your needs. Celestia’s value prop is: “We already scaled the L1. You don’t have to wait, come and use as much blockspace as you need”.
Through DAS and 1GB blocks, Celestia will offer horizontal scalability that no other L1 or DA provider matches. Even if Ethereum increases blob count and gets cheaper short term, they’ll just get re-saturated shortly after as rollups want to offer users higher throughput and lower fees.
So Ethereum is stuck in a dilemma: increasing blobs puts more resourc
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