The recently inaugurated Celestia blockchain network, renowned for its modular design, has witnessed its native altcoin, TIA, ascend dramatically by approximately 200% in the mere span of three weeks since its debut. This initiative is geared towards empowering developers to concoct blockchain-driven applications aimed at widespread utilization.
TIA, the cornerstone of Celestia, plays a pivotal role in fortifying the network’s security while simultaneously serving as the fuel for rollups. This crypto entity, ranked 59th in terms of market capitalization, is currently valued at $6.49, a significant leap from its initial valuation of $2.18 on October 31st, coinciding with the network’s successful transition to a mainnet beta. Remarkably, TIA has augmented by over 10% in the last day alone and more than 111% over the past week.
Chris Burniske, a luminary in venture capital and founder of Placeholder Capital, extolled Celestia in September, attributing its distinctiveness to its “availability.”
Celestia espouses the concept of modular blockchains as a groundbreaking framework in blockchain architecture. These blockchains are tailored and honed to execute specific functions, diverging from the conventional model of a single, overburdened blockchain.
In the wake of TIA’s launch, premier global cryptocurrency exchange Binance, along with its American counterpart Coinbase, have both initiated trading services for TIA. This move is mirrored by other leading exchanges, including OKX, Bybit, Gate.io, KuCoin, Kraken, and Crypto.com, all of which have incorporated the nascent asset into their listings.
