A brand-new blockchain community’s native token has skyrocketed by practically 200% because it launched on the finish of October.
Celestia (TIA) payments itself as “the primary modular blockchain community.”
The undertaking goals to permit builders to construct blockchain-based purposes for mass adoption.
Celestia’s native asset, TIA, is used to safe the community and as a gasoline token for rollups. The 59th-ranked crypto asset by market cap is buying and selling at $6.49 at time of writing, up from its its preliminary $2.18 value on October thirty first, when the community was efficiently deployed to mainnet beta. TIA can also be up greater than 10% up to now 24 hours and greater than 111% up to now seven days.
Enterprise capitalist Chris Burniske, the founding father of Placeholder Capital, stated in September that Celestia’s defining attribute is “availability.”
Celestia calls modular blockchains the “new paradigm in blockchain design,” noting that they’re specialised and optimized to carry out particular duties, moderately than a single blockchain that’s compelled to do every little thing.
High world crypto change Binance and high US change Coinbase each rolled out buying and selling providers for TIA shortly after the token’s launch. Different high exchanges, together with OKX, Bybit, Gate.io, KuCoin, Kraken and Crypto.com, have additionally listed the brand new asset.
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