• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Despite the gloomy knock-on action, the price tag of TIA continues to rise.

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Even even though Celestia has only processed 160,000 transactions in the final 13 days, this modular blockchain token, TIA, has nevertheless grown appreciably due to the fact its launch.

Despite the gloomy on-chain action, the price tag of TIA is nevertheless constantly “rising”. Photo: CoinGecko

The pioneering venture in the Modular Blockchain section – Celestia, had a rocky commence. However, this did not lower the curiosity of traders, on the contrary, it produced the price tag of TIA rise due to the fact the very first release date.

Taking information from MintScan, Celestia processed 350,000 transactions in the very first two days of launch, but this quantity dropped to only all around 160,000 in the following days.

Some Celestia on-chain parameters. Source: MintScan

Compared to rival Arbitrum, this blockchain has averaged among 550,000 and 920,000 every day transactions in excess of the previous week, in accordance to Arbiscan information.

Another parameter to assess the scalability of the blockchain is TPS (Transaction per 2nd), refers to the quantity of transactions the network can approach per 2nd. According to L2Beat, Celestia is capable of operating .13 TPS, even though Arbitrum’s regular every day figure is eight.01 TPS.

Perhaps simply because Celestia is a new encounter, evaluating it to a veteran venture operational due to the fact May 2021 like Arbitrum is lame. In truth, Celestia now has to compete with a lot of other really serious rivals like Close to, The network when partnered with Celestia to deliver information for the Ethereum rollup.

Even so, Celestia’s tokenomics is nevertheless quite common, with only 141 million tokens out of one billion tokens in circulation, with the vast majority of the complete provide locked till October 2024 and October 2026. Over the previous 24 hrs, the volume of TIA trades had been all around $900 million, far exceeding the capitalization of all these tokens circulating on the market place.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

In maintaining with the constructive market place ambiance, the price tag of TIA attained a efficiency of up to 200% in November and has continually reached new highs of late. The highest price tag selection set for this token by the mainnet is USD six.54.

four-hour chart of TIA/USDT pair on Binance as of 09:thirty on November sixteen, 2023

Celestia’s situation is relatively related to Aptos’ situation in the previous. Aptos also brought on a stir final yr with its substantial airdrop system. At that time APT’s capitalization had peaked at $two.9 billion, even even though network TVL only amounted to about $50 million.

Coinlive compiled

Maybe you are interested:

Join the discussion on the hottest troubles in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!

Tags: activityCelestiaContinuesGloomyknockonPriceRADIUSRiseTIA
Share76Tweet47

Related Posts

IG Group Launches Retail Crypto Trading in UK

by shark
June 2, 2025
0

IG Group collaborates with Uphold to offer retail crypto trading in the UK, marking a significant step for traditional finance...

Flare Token Surges Amid XRP Integration Announcement

by shark
June 2, 2025
0

Flare (FLR) witnessed a 10.61% surge on June 2, 2025, after announcing its XRP integration, showcasing its potential within decentralized...

Elon Musk Introduces XChat with New Encryption Features

by shark
June 2, 2025
0

Elon Musk unveils XChat on the X platform, promising Bitcoin-style encryption, raising industry skepticism.

James Wynn Halts Trading After Massive Loss

by shark
June 2, 2025
0

James Wynn, a prominent trader, suspended trading after a high-leverage strategy led from $4 million gains to $100 million, then...

Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly

by shark
June 2, 2025
0

Japan's Metaplanet has acquired 1,088 more Bitcoin for $117.7 million, positioning it among the top ten global holders.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • IG Group Launches Retail Crypto Trading in UK
  • Flare Token Surges Amid XRP Integration Announcement
  • Elon Musk Introduces XChat with New Encryption Features
  • James Wynn Halts Trading After Massive Loss
  • Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly
  • Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak
  • Nervos Network’s Force Bridge Compromised in $3M Hack
  • BitoPro Hack: $11.5 Million Lost in Taiwan
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7