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Celestia

TIA

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About Celestia

Celestia is a modular data availability network built with the Cosmos SDK. Celestia’s unique architecture offers developers a platform to build highly scalable decentralized applications and rollups. As Celestia directly provides the data availability and consensus layer, and Optimint provides the settlement layer, developers only have to focus on building the execution layer. TIA is the native token of Celestia, and can be used for gas fee payment, network governance, and staking participation.

Celestia (TIA) is a modular blockchain network that seeks to redefine the architecture of blockchain technology. It is designed to allow anyone to deploy their own blockchain with minimal overhead. Celestia's approach separates the consensus and execution layers of blockchain, aiming to create a more scalable and customizable environment for developers. This network introduces a new primitive, data availability sampling, which allows it to scale by decoupling execution from consensus. Celestia does not impose any execution or settlement constraints, providing developers with the freedom to define their own execution and settlement environments. This flexibility opens up a world of new possibilities for builders and developers in the blockchain space.

Celestia operates by separating the core functions of a blockchain, thus aiming to overcome the scaling difficulties faced by traditional monolithic blockchains. It introduces the concept of modular blockchains, which decouple consensus from the execution of transactions. This allows for greater scalability without compromising security or decentralization. Celestia's network is designed to ensure data availability, a critical aspect of blockchain technology. It uses a technique known as data availability sampling, which allows nodes to verify that data is available for a block without having to download the entire block. This approach aims to minimize the resources required to reach consensus, as transaction validity rules can be decoupled from consensus rules.

Celestia's modular approach to blockchain technology opens up a wide range of potential use cases. It allows for easier experimentation as new application-specific or general-purpose blockchains can be deployed to Celestia and immediately inherit security from Celestia’s validator set. This enables developers to have control over the rules of an application through sovereignty, as they can make alterations to the tech stack without needing permission from outside applications. Furthermore, Celestia's focus on data availability makes it a suitable platform for applications that require high levels of data integrity and accessibility.

The concept of Celestia was born out of a desire to rethink blockchain architecture from the ground up. The project was inspired by the limitations of traditional monolithic blockchains, which perform all core functions of a blockchain, leading to scaling difficulties. Celestia's approach to blockchain technology was first outlined in a document titled "LazyLedger: A Distributed Data Availability Ledger With Client-Side Smart Contracts" by Mustafa Al-Bassam from the Department of Computer Science at University College London. The document proposed a design for distributed ledgers where the blockchain is optimized solely for ordering and guaranteeing the availability of transaction data. This marked the beginning of the journey towards the creation of Celestia, the first modular blockchain network.

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Market

United Kingdom Market stats

Market cap

£1.4B

Volume (24h)

£103.0M

Circulating supply

405.6M TIA

Typical hold time

39 days

Popularity

#47

All time high

£16.16

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-1.09%

Price change (1d)

+2.4%

Price change (1w)

-14.51%

Price change (2w)

-24.33%

Price change (1m)

-18.17%

Price change (1y)

+89.98%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Social

Some highlights about Celestia on social media

4,093 unique individuals are talking about Celestia and it is ranked #143 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Celestia has an average sentiment score of 3.2 out of 5. Finally, Celestia is becoming more newsworthy, with 0 news articles published about Celestia. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Celestia. There were 36.91% of tweets with bullish sentiment compared to 15.43% of tweets with a bearish sentiment about Celestia. 47.66% of tweets were neutral about Celestia. These sentiments are based on 726 tweets.

On Reddit, Celestia was mentioned in 88 Reddit posts and there were 146 comments about Celestia. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

4,093 people

Posts

579 posts

Dominance

0.31%

Volume rank

#143

Average Sentiment

3.2 out of 5

Twitter

Reddit

Posts

88

Comments

146

Post Score

988

Comment Score

1,058

Celestia is on the decline this week.

The price of Celestia has decreased by 1.09% in the last hour and increased by 2.40% in the past 24 hours. Celestia’s price has also fallen by 14.51% in the past week. The current price is £3.37 per TIA with a 24-hour trading volume of £103.04M. Currently, Celestia is valued at 79.16% below its all time high of £16.16. This all-time high was the highest price paid for Celestia since its launch.

The current circulating supply of Celestia is 405,639,034.51 TIA which means that Celestia has as total market cap of 405,639,034.51.

FAQ

What is the current price of Celestia?

We update our Celestia to GBP currency in real-time. Get the live price of Celestia on Coinbase.

What is the market cap of Celestia?

The current market cap of Celestia is £1.37B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Celestia?

The all-time high of Celestia is £16.16. This all-time high is highest price paid for Celestia since it was launched.

What is the 24 hour trading volume of Celestia?

Over the last 24 hours, the trading volume of Celestia is £103.04M.

What other assets are similar to Celestia?

Assets that have a similar market cap to Celestia include Hedera, NEAR Protocol, Aptos, and many others. To see a full list, see our comparable market cap assets.

How many Celestia are there?

The current circulating supply of Celestia is 406 million.

What is the typical holding time of Celestia?

The median time that Coinbase customers hold Celestia before selling it or sending it to another account or address is 39 days.

What is the relative popularity of Celestia?

Celestia ranks 122 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Can I buy Celestia on Coinbase?

Yes, Celestia is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Celestia guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024