Mora 🦥

> celestia's matcha upgrade coming next monday: the first DA layer ready for nasdaq scale onchain finance. what did Nick White say tonight on The Rollup? ⇾ Celestia identified clob exchanges as the strongest product fit for its architecture, since exchanges need ultra low latency and very high throughput. single sequencer rollups provide the fastest latency while still enabling censorship resistance and non custodialness. ⇾ fully onchain clobs require posting all orders and cancels on chain, demanding mb/sec da capacity. the upcoming matcha upgrade enables 5 mb/s, and governance can scale this to 20 mb/s, enough for nasdaq level traffic. ⇾ teams like RISE are ready to use this throughput, reinforcing celestia's push toward vertical integration. ⇾ also depends on matcha's higher throughput, adding urgency to the upgrade. matcha reduces issuance to 2.5% and ships components of the long term proof of governance model, which removes staking and pays ~0.25% issuance directly to validators. ⇾ celestia is shifting from a build whatever approach toward targeting apps with real pmf, mirroring broader industry moves toward more opinionated architectures. because mass adoption is still far away, path dependency matters: the team believes only about 10 apps truly matter, and celestia needs to win some of them. ⇾ high volume markets like onchain forex require massive DA and celestia is one of the few platforms capable of supporting this scale. success of bullet or other clobs would prove that wall street scale onchain finance is possible. ⇾ tradfi teams are increasingly exploring building on chain platforms, and celestia must balance institutional needs with fast moving native teams. ⇾ private blockspace is already live in production with Hibachi with clear institutional and dex interest. celestia focuses mainly on app acquisition while dedicating ~20% to internal tooling.