In this episode from Sovereign Day in Buenos Aires, we sit down with Nick White, COO of Celestia Labs, to discuss Celestia's evolution, comeback, and long-term vision for modular blockchains. Recorded live at Sovereign Day, the conversation comes as Celestia approaches its two-year anniversary, reflecting on what the team got right, what surprised them, and where the broader crypto ecosystem stands today. Nick shares a candid perspective on industry optimism, slower-than-expected user growth, and why early signs of real-world adoption are finally beginning to emerge. We dive deep into: • Celestia's role as a pioneer in data availability, sovereignty, and modularity • Why Celestia is architected for the "endgame of crypto" — high throughput, customization, and application-specific chains • Key network metrics, including block size scaling (128x since launch), total value secured, and ecosystem growth • The shift in focus toward central limit order book (CLOB) exchanges as a use case with strong product–market fit • How upcoming upgrades like Matcha could enable NASDAQ-level throughput on decentralized trading venues • Celestia's long-term approach to network economics, inflation reduction, and why the "fee switch is off" today • Why block space is not just a commodity, and how network effects and on-chain GDP will define future winners Nick also explains why Celestia is intentionally prioritizing growth and adoption over short-term revenue, drawing parallels to early infrastructure businesses and laying out what sustainable, large-scale on-chain economies could look like in the coming years.

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DISCLAIMER All information presented in this podcast is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This podcast's content solely reflects the producer's opinion, who is not a financial advisor. Investing in cryptocurrencies is risky.