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A brand-new blockchain network\u2019s native token has skyrocketed by nearly 200% since it launched at the end of October.<\/p>\n
Celestia (TIA<\/a>) bills itself as \u201cthe first modular blockchain network.\u201d<\/p>\n The project aims to allow developers to build blockchain-based applications for mass adoption.<\/p>\n Celestia\u2019s native asset<\/a>, TIA, is used to secure the network and as a gas token for rollups. The 59th-ranked crypto asset by market cap is trading at $6.49 at time of writing, up from its its initial $2.18 price on October 31st, when the network was successfully deployed<\/a> to mainnet beta. TIA is also up more than 10% in the past 24 hours and more than 111% in the past seven days.<\/p>\n Venture capitalist Chris Burniske, the founder of Placeholder Capital, said<\/a> in September that Celestia\u2019s defining characteristic is \u201cavailability.\u201d<\/p>\n Celestia calls<\/a> modular blockchains the \u201cnew paradigm in blockchain design,\u201d noting that they are specialized and optimized to perform specific tasks, rather than a single blockchain that\u2019s forced to do everything.<\/p>\n Top global crypto exchange Binance<\/a> and top US exchange Coinbase<\/a> both rolled out trading services for TIA shortly after the token\u2019s launch. Other top exchanges, including OKX, Bybit, Gate.io, KuCoin, Kraken and Crypto.com, have also listed the new asset.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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