The native token of a new blockchain network has soared nearly 200% since its launch in late October.
Celestia (TIA) bills itself as “the first modular blockchain network.”
The project aims to enable developers to create blockchain-based applications for mass adoption.
Celestia native asset, TIA, is used to secure the network and as a gas token for accumulations. The 59th-ranked crypto asset by market capitalization is trading at $6.49 at the time of writing, up from its initial price of $2.18 on October 31, when the network was successfully implemented to the beta mainnet. TIA is also up more than 10% in the last 24 hours and more than 111% in the last seven days.
Venture capitalist Chris Burniske, founder of Placeholder Capital, said in September that Celestia’s defining characteristic is “availability.”
Celestia calls Modular blockchains are the “new paradigm in blockchain design,” noting that they are specialized and optimized to perform specific tasks, rather than a single blockchain that is forced to do it all.
Top Global Crypto Exchange binance and the leading US exchange Coinbase Both implemented trading services for TIA shortly after the token’s launch. Other major exchanges including OKX, Bybit, Gate.io, KuCoin, Kraken, and Crypto.com have also listed the new asset.
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