After a nearly 80% drop from highs, Celestia has finally been showing some strength again.

Orderly provides permissionless liquidity for onchain Perps markets, a sector that will likely always have real and significant demand. And at the moment it's already handling a significant share of the market's volume, with over half a billion in volume a day and growing:

The need for a data availability layer here makes sense after realizing that safe / permissionless liquidity is by far one of the biggest hurdles in making onchain perps markets usable. So having a middle layer that can provide shared liquidity to any exchange seems like an obvious solution moving forward.

As an actual core piece of infrastructure for cases like this, Celestia has a lot of the right factors coming together this week for a strong market bottom to be put in, including:

- The Modular Summit taking place this week with Celestia at the center of it:

- And the ETH S1 potential to squeeze the entire alt market that at this point is significantly oversold across the board.

It's easy to forget that Celestia was one of the most successful launches of this cycle- a trait which usually sees strength return at some point. And as we search for a bottom in the downtrodden alt market, focusing on areas of strength that have real ongoing use intuitively seems to make a lot of sense.