TIA Bybit Listing
Listed on the Bybit exchange, Celestia is trading at $2.37, up 374% from the previous day.
TIA has been trading on cryptocurrency exchanges KuCoin and Bybit’s USDT market since Tuesday.
Looking at the market trends so far, the market cap appears to be $313,328,450, with a 24-hour trading volume of 357,970,681. The current float is reported to be 141,043,528 TIA.
Learn more about Celestia
Celestia (TIA) is the first modular blockchain, leading a new innovation in blockchain technology. It takes the form of a layer 1 blockchain that is only used to sort and process transactions and validate data. Its strength lies in the fact that this modularity allows it to be highly scalable and can be designed in many different forms, as features can be easily added to meet user needs.
Most blockchain technologies to date have taken a monolithic approach, processing transactions on a single blockchain. However, this approach has the disadvantage of slow processing speed, which limits scalability. However, to address this issue, Celestia (TIA) has introduced a method of splitting layers by role, which is said to have dramatically improved the scalability issues of existing blockchains.
TIA is Celestia’s native token and is used for a variety of purposes including governance, sovereign roll-up gas fees, staking and blobspace usage fees for data availability. This further emphasises the functionality and flexibility of Celestia.
The Celestia Mainnet Beta allows Layer 2 networks or other modular blockchains to use Celestia for data availability and consensus. This ensures compatibility with a wide range of blockchain platforms. Milkyway, a liquid staking protocol based on the Cosmos blockchain, has announced support for Celestia, and Avitrum, an Ethereum Layer 2, has integrated Celestia into its Orbit and Nitro technology stacks. In addition, Neutron, a Cosmos-based smart contract platform, has introduced a “nexus” that allows developers to deploy rollups on Celestia.
The Celestia architecture is designed to allow nodes in different chains to reach consensus on transactions simultaneously. This is made possible by Celestia’s separation of the consensus and data availability layers from the execution layer. This provides a more reliable transaction environment and enables compatibility across different chains.
Layer 1 blockchain Celestia has completed the deployment of its mainnet, which is attracting significant attention. Codenamed ‘Lemon MInt’, the mainnet is the first modular blockchain network and is being touted as a new way to scale data. With the launch of the mainnet, Celestia’s native token, TIA, is now available for trading on major exchanges.
Binance announced the listing of Celestia (TIA) on its USDT-based perpetual futures market, offering leveraged trading of up to 50x. Trading is now available on major crypto exchanges, including Bybit and KuCoin. Decentralised exchange Osmosis also announced the listing of TIA for trading on its platform.
However, with this hot debut has come a rug-pull of fake tokens, and investors need to be cautious.
Recently, a rug-pull occurred with the Ethereum (ETH)-based TIA token impersonating Celestia (TIA), which is listed on multiple exchanges. The price of the TIA/WETH pair on the decentralised exchange (DEX) DexTool dropped by 99.5%, and the address responsible for the rug-pull exchanged approximately 319.4 trillion fake TIA tokens for 115.32 ETH (worth $210,000). The fake token is a token of the same name, which is unrelated to the TIA listed on other exchanges.
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