The native token of a brand new blockchain network has skyrocketed by almost 200% since its launch in late October.
Celestia (TIA) calls itself ‘the first modular blockchain network’.
The project aims to enable developers to build blockchain-based applications for mass adoption.
Celestias indigenous assets,TIA,is used to secure the network and as a guest token for,rollups. The 59th-ranked crypto asset by market cap is trading at $6.49 at the time of writing, up from its initial price of $2.18 on October 31, when the network deployed successfully to mainnet beta. The TIA is also up more than 10% in the past 24 hours and more than 111% in the past seven days.
Venture capitalist Chris Burniske, the founder of Placeholder Capital, said in September that Celestia’s defining characteristic is “availability.”
Celestia to call to action modular blockchains represent the “new paradigm in blockchain design,” noting that they are specialized and optimized to perform specific tasks, rather than a single blockchain forced to do everything.
Top global crypto exchange Binance and top American stock exchange Coin base both rolled out trading services for TIA shortly after the token’s launch. Other top exchanges including OKX, Bybit, Gate.io, KuCoin, Kraken and Crypto.com have also listed the new asset.
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Generated image: Midjourney