Celestia and Its Success: A Look at the First Modular Blockchain Network
Celestia is a new blockchain network that has seen its native token, TIA, increase by almost 200% since it was launched at the end of October. As the first modular blockchain network, Celestia aims to facilitate the development of blockchain-based applications for mass adoption.
TIA plays a vital role within the Celestia ecosystem, serving as both a means to secure the network and as a gas token for rollups. Starting at $2.18 on October 31st, TIA is currently trading at $6.49, showcasing an impressive growth trajectory. Moreover, in the past 24 hours, TIA has surged by over 10%, and over the past seven days, it has increased by more than 111%.
Notably, Celestia’s defining characteristic is its focus on “availability,” according to venture capitalist Chris Burniske. Celestia describes modular blockchains as a new paradigm in blockchain design, emphasizing their specialized and optimized nature to perform specific tasks.
Top exchanges like Binance and Coinbase have listed TIA shortly after the token’s launch, providing enhanced trading services for the asset. Additionally, other prominent exchanges, including OKX, Bybit, Gate.io, KuCoin, Kraken, and Crypto.com, have also adopted the new asset.
Hot Take
Celestia’s TIA token has shown significant growth since its launch, reflecting the increasing demand for a modular blockchain network designed to streamline the development of blockchain applications and tackle specific tasks efficiently. As Celestia continues to gain attention and support from major exchanges, the future looks promising for the network and its native token.
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