The not too long ago launched modular blockchain, Celestia has gained important consideration within the crypto group with its native token TIA gaining over 30% previously 7 days.
The potential cause behind the spike in TIA worth is its elevated demand amongst stakers as a number of built-in initiatives might be reportedly releasing airdrops. Though Clestia already airdropped TIA tokens to over 580,000 customers on the mainnet beta launch on October 31.
In keeping with market data from Coinmarketcap, TIA has spiked greater than 30% previously 7 days with it changing into the one of many high gainer crypto belongings in the course of the week regardless of taking a pointy drop on January 3 together with the entire crypto market.
The community exercise on Celestia has additionally regularly elevated since its launch. Whereas reaching over 6 million month-to-month transactions, Celestia even surpassed its rival Cosmos which merely had 2.4 million transactions – in keeping with MintScan data.
With the launch, Celestia has opened a brand new primitive of modular blockchains. This novel blockchain community is designed to boost scalability and enhance developer expertise whereas offering a scalable information availability layer for different blockchain networks.
Whereas Celestia is a brand new undertaking, its broadly talked about within the crypto group and analysts are pushing it in direct competitors to Cosmos in enabling an open ecosystem of blockchain networks.
Saga, a blockchain scalability protocol, shared its group airdrop announcement on January 4 which has additionally included Celestia together with main blockchain networks together with Solana, Polygon, Avalanche and Cosmos.
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