Celestia Labs Acquires Sovereign Labs, Adds 6 Engineers Including New CTO

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Celestia Labs announced today it is acquiring Sovereign Labs, bringing on 6 team members including Sovereign Labs Co-founder Preston Evans, who has been promoted to Chief Technology Officer. The acquisition expands Celestia Labs' expertise across the full blockchain stack. The Sovereign SDK, the combined team's leading framework for high-performance blockchains, powers applications including Relay, which has processed over $8.5 billion in transfers, and Bullet, a perpetuals exchange that clears orders in 1.2 milliseconds and processes over 30,000 TPS.
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