The project’s mainnet and native token, AVAIL, was launched on Tuesday. Data availability (DA) is the expertise in cheaply and efficiently storing large amounts of transaction data generated by blockchains such as layer-2 networks on Ethereum.

Avail is in a growing space and aims to meet the increasing demand with the growth of blockchain networks, with pioneering projects such as Celestia.

The project, co-led by Avail’s co-founder Anurag Arjun and receiving a total investment of $75 million from investors such as Founders Fund, Dragonfly and Cyber ​​Fund, attracted great interest.

Avail announced in December that it had signed an agreement with Ethereum layer-2 developer StarkWare to become a DA provider for new application chains. Earlier this year, Arbitrum announced plans to integrate with leading networks such as Optimism, Polygon and ZKsync.

However, there is already great competition in the DA field. Seen as a pioneer in the space, Celestia launched with its native TIA token in October. NEAR Protocol, an alternative layer-1 smart contract blockchain, launched a DA project called Nuffle Labs last month with $13 million in funding.

EigenLayer, considered the best restaking project on Ethereum, also has its own solution called EigenDA.

In March, developers introduced proto-danksharding, the Ethereum blockchain’s native solution for storing layer-2 transaction data at a lower cost.

Touting two different technologies, Avail claims that it is “the only chain that combines KZG commits with data availability sampling as a chain-agnostic DA layer.”

The Avail network aims to support 1,000 validators initially and uses a decentralized set of validators that could potentially expand to 10,000. AVAIL token will be used to pay DA fees and secure the network through staking.