Celestia soars to unprecedented heights, achieving a remarkable 10-fold expansion since the airdrop.
Celestia’s TIA token has achieved a significant milestone by surpassing the $20 mark today. This comes after the successful launch of the blockchain’s mainnet beta in October last year. The journey to this accomplishment has been marked by strong user engagement, as evidenced by the airdrop of TIA tokens to approximately 580,000 users. This widespread distribution indicates a growing adoption and interest in the blockchain platform. Since the token’s airdrop in October, TIA’s value has increased by more than 10 times.
The TIA token was first listed by Bitget, which paved the way for increased accessibility and market penetration. Following Bitget’s lead, Binance, the world’s largest cryptocurrency exchange, added TIA to its listing in November, further strengthening the token’s presence in the market. The total contract holdings of TIA across the network have reached a record high of $214 million, with Binance accounting for $85 million of this amount. This demonstrates the market’s trust and investment in the token.
The spot market trading volume for TIA has also been impressive, with a total turnover of over $287 million in the last 24 hours alone. A significant portion of this volume, amounting to $166.4 million, was traded on Binance, highlighting the exchange’s pivotal role in TIA’s trading activities.
TIA serves as the native token of the Celestia blockchain, which is a modular data availability network. This blockchain is designed to securely scale with the number of users, making it easier to launch independent blockchains with minimal overhead.
In other news, Celsius, a leading cryptocurrency lending platform, has moved $125 million in ETH to exchanges as part of its plan to repay creditors. The company’s CEO has also expressed optimism about the use cases for NFTs, stating that trading volumes can sometimes be misleading. Stay updated with the latest news by following us on Google News.
