Celestia’s TIA token gained over 22% up to now 24 hours, bucking the muted broader market pattern, as investor curiosity in staking the token gained momentum alongside rising hype for the blockchain’s underlying expertise. TIA traded at slightly below $17 within the early Asian morning hours Friday earlier than giving again some positive factors. It recorded practically $800 million in buying and selling quantity up to now 24 hours, its highest to this point, knowledge from CoinGecko exhibits. Staking entails locking cash in a cryptocurrency community in return for rewards. Doing so with TIA on native platforms yields between 15% to 17% yearly, minus charges, to customers. The unusually excessive yield in contrast with the so-called risk-free price of 4% supplied by the U.S. 10-year Treasury observe appears to be drawing demand for the cryptocurrency. As of Friday, the market capitalization of TIA is slightly below $2 billion – which means as valuations seemingly develop additional in a bull market, contributors might make cash from each the inflated worth of rewards and the preliminary staked capital.
