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 support the development of blockchain-based applications for mass adoption.
TIA plays a vital role within the Celestia ecological system, 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 as of now currently worth $6.49, showcasing an impressive growth trajectory. Furthermore, in the past 24 hours, TIA has surged by over 10%, and in the previous 7 days, it has increased by more than 111%.
Notably, Celestia’s defining characteristic is its focus on “availability,” according to deal investor 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. In addition, other prominent exchanges, including OKX, Bybit, Gate.io, KuCoin, Kraken, and Crypto.com, have likewise adopted the new asset.
Hot Take
Celestia’s TIA token has shown whole lot of 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 win attention and support from major exchanges, the future looks promising for the network and its native token.
Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding.
