Celestia Token Gains Market Attention with Stellar Growth

• TIA’s social dominance rose to 1.45% of all crypto posts recently.
• Total staked TIA tokens have reached 727.37 million as of June 29, 2024.

In recent days, the native token of Celestia, TIA, has seen a huge increase in price, attracting traders and investors attention.

Recent research indicates that an increased fascination with and acceptance of modular blockchains is what is driving the growth of interest in this project. These blockchains let users focus on certain functions, making them extremely efficient and appealing.

According to CoinMarketCap, the TIA price is currently around $6.06, up 16.47% over the last 24 hours.

The present price movement of TIA differs significantly from its performance in June, when it fell more than 25%. This striking discrepancy has sparked discussion among analysts and investors.

TIA Token’s Growing Social Dominance and Developer Confidence 

According to a tweet from social intelligence company LunarCrush, TIA has increased its social dominance, accounting for 1.45% of all cryptocurrency-related social media posts in the last few hours.

Furthermore, Trestle Protocol has stressed the importance of Celestia, stating that true developers are always constructing with a long-term goal for the project.

Celestia Data has set new records, with the total number of TIA delegators approaching 500,000 unique users. This tremendous increase demonstrates the project’s potential and the community’s confidence in it.

Make no mistake, the Celestia and modular ecosystem are bustling with energy.
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Despite periods of market downtrends, real builders continue to build with the longer term vision in mind.
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Data posted to Celestia is breaking records, with the total number of TIA delegators… pic.twitter.com/HVgRLf4SAg

— Trestle (@trestleprotocol) July 6, 2024

According to the most recent data, the total number of staked TIA tokens was 727.37 million as of June 29, 2024. Earlier this year, it was noted that staking TIA has an attractive annual return potential of 15% to 17% after commissions. This yield is much greater than the 10-year US Treasury bonds, which pay roughly 4%.

Innovative Blockchain Solutions and Strategic Partnerships Drive Growth

According to previous CNF reports, Celestia’s ground-breaking blockchain features enable it to overcome scaling issues while maintaining decentralization and security.

This technique provides effective and speedy data verification, distinguishing it from other blockchain projects. The project’s ability to strike a balance between these important elements sets it apart in the business.

As noted in our earlier post, Celestia had previously forged strategic cooperation with Starknet. This partnership intends to increase data availability for Layer 3 chains in the Starknet ecosystem. This strategic move is likely to strengthen Celestia’s market position and attract more developers and users to its platform.