Celestia targets modular DA and blobspace demand, but execution revenue capture is limited and fee based security is early.
Investment View
Investors should track rollup blob posting, PFB fees, Blobstream adoption, and fee share versus validator rewards.
Celestia has mature modular DA technology and rollup integrations, but low fee revenue and TIA value capture remain maturity bottlenecks.
Investment View
The key investment question is whether paid DA demand turns into fees and security budget, not just throughput announcements.