LightLink Integrates Hummingbird Client with Celestia Mainnet to Boost Ethereum Scalability

June 11, 2024 BACK TO NEWS

LightLink, an Ethereum Layer-2 blockchain, recently announced a significant milestone with the integration of its Hummingbird client with Celestia's Mainnet. This collaboration is poised to enhance scalability and reduce transaction fees for LightLink's users, marking a significant advancement for the platform.

In April, LightLink secured $6.2 million in funding during an extended seed round, driven by high demand from both institutional and individual investors. The startup's strategic alliance with Animoca Brands, coupled with its native token LL's debut through Fjord Foundry's Liquidity Bootstrapping Pool (LBP), underscores its growing prominence in the industry.

Speaking with CryptoNews, Roy Hui, CEO & Co-founder of LightLink, emphasized how gasless Ethereum Layer-2 solutions accelerate Web3 adoption by enhancing the user experience and simplifying onboarding processes. He highlighted the benefits of Layer-2 solutions, including improved throughput, faster execution, and lower costs, which contribute to increased support for concurrent users and nearly instantaneous interactions.

Hui further outlined LightLink's focus on devising strategies to onboard a larger number of users into the ecosystem, with gas abstraction standing as the company's flagship feature. This feature introduces a novel transaction fee model, allowing users to engage with smart contracts without the need to pay fees in ETH or other native tokens.

Regarding Ethereum's role in the crypto landscape, Hui emphasized its significance as a global registry and secure, permanent storage solution, positioning it as the "future of computations." He differentiated Ethereum from Bitcoin, noting Bitcoin's role as a store of value akin to gold.

The recent approval of spot Ether Exchange-Traded Funds (ETFs) by the US Securities and Exchange Commission (SEC) underscores Ethereum's growing importance. Hui believes that Ethereum's experimentation across various industries, including gaming, finance, and digital assets, solidifies its position as a long-term infrastructure solution with no direct competitors in its domain.

As Ethereum continues to evolve and garner institutional recognition, its role as a fundamental pillar of the crypto ecosystem is poised to expand, driving innovation and reshaping industries worldwide.