Outside Source
Modular blockchain Celestia’s TIA token has reached an all-time high, crossing the $20 mark today.
This milestone comes after the blockchain’s mainnet beta was successfully launched at the end of October last year. Celestia’s journey to this achievement was marked by significant user engagement, evidenced by the airdrop of TIA tokens to approximately 580,000 users.
This widespread distribution has clearly indicated growing user adoption and interest in the blockchain platform. Since the token’s airdrop in October, TIA has seen a more than 10 times increase in value.
Bitget was the first to list the TIA token, paving the way for its increased accessibility and market penetration. Following Bitget’s lead, Binance, the world’s largest cryptocurrency exchange, added TIA to its listing in November, further bolstering the token’s market presence.
The total contract holdings of TIA across the entire network have reached a record high of $214 million. Binance accounts for $85 million of this amount, demonstrating the strong market trust and investment in the token.
The spot market trading volume for TIA has been equally impressive. In the last 24 hours alone, the total turnover exceeded $287 million. A substantial portion of this volume, amounting to $166.4 million, was traded on Binance, underscoring the exchange’s pivotal role in TIA’s trading activities.
TIA is the native token of the Celestia blockchain, which is a modular data availability network. This blockchain is designed to scale securely with the number of its users, facilitating the launch of independent blockchains with minimal overhead.
This article first appeared at crypto.news
