Near Foundation Joins Celestia in Race to Provide 'Data Availability' for Ethereum Rollups

The project's new "NEAR DA" aims to provide an alternate venue that could handle data produced by Ethereum's fast-growing network or auxiliary blockchains or "layer-2 networks."

AccessTimeIconNov 8, 2023 at 2:29 p.m. UTC

Near Foundation is joining the intensifying race to build a new breed of "data availability" solutions aiming to relieve the Ethereum blockchain of the burden of storing and broadcasting reams of data.

The foundation, a non-profit organization dedicated to supporting the blockchain Near Protocol, announced the rollout of a new "NEAR DA," and said posting data on the network could be 8,000 times cheaper than posting on Ethereum.

Similar to Celestia, a new network that launched last week along with a buzzy airdrop of new TIA tokens, NEAR DA aims to provide an alternate venue that could handle data produced by a fast-growing network or auxiliary blockchains or "layer-2 networks" working atop Ethereum. Another competitor, Avail, plans to launch in early 2024 and is currently running various test networks.

"NEAR DA offers immediate benefits to Web3 founders exploring the modular blockchain development landscape," according to a press release.

Initial users of NEAR DA include Madara by Starknet, Caldera and Movement Labs.

The Foundation announced the news at the company’s annual conference in Lisbon, Nearcon, on Wednesday.

According to the press release, it would cost about $26.22 for an optimistic rollup – a type of layer-2 network – to post 100 kilobytes of calldata on Ethereum, versus $0.0033 for the same amount of data on Near Protocol.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.