Launched on October 30, 2023, Celestia introduces a modular approach to blockchain architecture, offering a unique solution to the scalability issues faced by traditional blockchains. What is Celestia crypto and what is TIA token? Let’s answer all those questions.
What is Celestia Crypto?
Celestia represents a significant shift from the conventional monolithic blockchain structure. It is the first modular blockchain network that simplifies the deployment of independent blockchains with minimal overhead. By decoupling execution from consensus and introducing data availability sampling, Celestia offers a minimal blockchain framework. This innovative approach allows developers to create their own execution and settlement environments without the constraints typically imposed by traditional blockchains.
The modular nature of Celestia paves the way for enhanced scalability and security, without compromising on decentralization. It enables developers to experiment with application-specific or general-purpose blockchains, which can be deployed on Celestia, inheriting security from its validator set. This flexibility allows for greater sovereignty in controlling application rules and making alterations to the tech stack independently.
Does Celestia Have a Token?
Yes, Celestia has its own native token, known as TIA. TIA plays a crucial role in the Celestia ecosystem, functioning as the primary medium for transactions and interactions within the network.
Celestia Price Analysis
As of November 12, 2023, the TIA token is trading at a price of approximately $4.72. Since its launch, TIA has shown remarkable performance in the cryptocurrency market. The token was added to the market on October 31, 2023, and has since then gained significant traction.
Current Price and Market Performance
- Current Price: Approximately $4.66
- Market Cap: Around $665.46 million
- Trading Volume (24h): Approximately $586.10 million
- Circulating Supply: 141.04 million TIA
Performance Analysis
- 24-hour Change: An increase of about 19.18%
- 7-day Change: A significant rise of approximately 103.83%
- 30-day Change: An impressive increase of around 124.59%
This data indicates a strong market presence for TIA, with substantial growth in both short-term and monthly time frames. The token’s performance reflects the growing interest and confidence in the Celestia platform and its potential to revolutionize the blockchain space.
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Source: https://cryptoticker.io/en/what-is-celestia-crypto-tia/