Celestia-based Astria Network sunsets its shared sequencer network after raising $18 million
The Astria Network, a Celestia-based shared sequencer project, has intentionally halted operations after raising $18 million.Summary
The Astria Network, which aimed to be the first decentralized shared sequencing layer built on Celestia to help Layer 2 networks decentralize, has shut down its mainnet, recording its last block on Monday. Astria was designed to reduce L2 dependency on centralized sequencers by offering a modular system for compiling transactions. The project raised a total of $18 million across a $5.5 million seed round and a $12.5 million strategic fundraise. Despite its goals, the project struggled to gain traction, evidenced by ceasing development on its Flame EVM earlier this year and having a major integration rolled back. The exact reason for the complete sunsetting remains unclear, as the team has not published a detailed explanation.
(Source：The Block)