Celestia Launches mamo-1 Testnet
A high-throughput testnet producing 128MB blocks every 6 seconds with 21.33MB/s data throughput
Quick Take
Celestia launches the mamo-1 testnet.
Tomasz finalizes his EF leadership role.
Clouted introduces the ETH Strategy protocol.
WalletConnect enables WCT transferability.
Celestia Launches mamo-1 Testnet
Celestia launched mamo-1, a high-throughput testnet producing 128MB blocks every 6 seconds with 21.33MB/s data throughput—a 16x increase over Celestia mainnet. The testnet features 21 validators across Europe, simulating real-world network conditions and supporting light node sampling and data availability sampling (DAS). mamo-1 also introduces Vacuum!, Celestia’s new data propagation protocol. Vacuum! uses lazy gossiping and Validator Availability Certificates (VACs) to minimize redundant traffic and improve efficiency. It implements the Pull-Based Broadcast Tree (PBBT), enabling fast blob dissemination. The performance leap advances Celestia toward its long-term goal of supporting 1GB block sizes.
Tomasz Finalizes EF Leadership Role
Ethereum Foundation Co-Executive Director Tomasz Stańczak announced the formal start of his role following the signing of his contract. Since his appointment in early March, he engaged extensively with Ethereum builders and stakeholders, gathering feedback to create a broad strategy document for the EF. Tomasz is now focused on holding 1:1 meetings with EF staff to align internally before transitioning to the execution phase. He says he will define clear, actionable goals to advance the Foundation’s strategic direction. Alongside Co-Executive Director Hsiao-Wei Wang, Tomasz has already begun implementing internal operational improvements in coordination with team leads.
ETH Strategy Onchain Protocol
CloutedMind introduced ETH Strategy, a crypto-native protocol inspired by TradFi’s structured products, specifically following the MicroStrategy playbook, but for ETH. ETH Strategy introduces STRAT, a new asset that offers long-term, leveraged ETH exposure without liquidations or volatility decay. STRAT is created through the issuance of long-dated convertible bonds. The protocol sells convertible debt to USD lenders known as Bonders, who earn yield and can convert to STRAT if ETH appreciates. The structure reinforces ETH’s monetary premium as a foundational asset for collateral. The protocol is still in development.
WalletConnect Enables WCT Transferability
WCT, the native governance and staking token of the WalletConnect Network, is now transferable. WCT was initially distributed as non-transferable tokens via an airdrop in November 2024. The token now trades at around $0.30 with a market cap of $56 million. WalletConnect, a protocol that enables wallet-to-app connections, has facilitated over 150 million connections since its launch in 2018.
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