Ah the good ol "$0 fee" FUD
This is a magnet for people who can't conceive of a standard growth playbook in startups: subsidize costs, grow market share, monetize later.
Celestia's fees are currently set to ~$0.00001 per user tx, 50x less than Ethereum blobs and 100x less than Solana. The reason it's not exactly $0 is for spam prevention. We don't care if we don't make revenue in the short term - it's peanuts compared to where we're going and we want to win in the long term.
And the strategy is working as intended. Market share has steadily grown since launch, we have a rapidly expanding ecosystem with top apps like Abstract, Converge + Ethereal by Ethena & Securitize, Blackbird, and Noble launching soon to name a few. $600m in TVS will soon become billions. 25 chains will soon be 50.
The time to be bearish was before we had clear PMF and one of the strongest app ecosystems of any L1.
This is a magnet for people who can't conceive of a standard growth playbook in startups: subsidize costs, grow market share, monetize later.
Celestia's fees are currently set to ~$0.00001 per user tx, 50x less than Ethereum blobs and 100x less than Solana. The reason it's not exactly $0 is for spam prevention. We don't care if we don't make revenue in the short term - it's peanuts compared to where we're going and we want to win in the long term.
And the strategy is working as intended. Market share has steadily grown since launch, we have a rapidly expanding ecosystem with top apps like Abstract, Converge + Ethereal by Ethena & Securitize, Blackbird, and Noble launching soon to name a few. $600m in TVS will soon become billions. 25 chains will soon be 50.
The time to be bearish was before we had clear PMF and one of the strongest app ecosystems of any L1.
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