TIA

Celestia price

TIA
| 3.7/5
Quote currency
$17.80+7.73%
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Overview
Analysis

Celestia price live data

The current price of Celestia is $17.80. Since 00:00 UTC, Celestia has increased by 7.73%. It currently has a circulating supply of 167.35M TIA and a maximum supply of 1.03B TIA, giving it a fully diluted market cap of $2.95B. At present, Celestia holds the 37 position in market cap rankings. The Celestia/USD price is updated in real-time.

Celestia price performance in USD

Time periodChange amount%Chg
Today$1.297.82%
7 days$0.321.82%
30 days$0.0380.22%
3 months$5.9149.75%

Celestia market information

24h low/high
24h low$15.04
Last price $17.80
24h high$17.80
Heat index ranking
46
Market cap ranking
37
Market cap
$2.95B
Favorited rate
2.52%
All-time high
$21.20
-16.05% (-$3.40)
Feb 10, 2024 (1 month ago)
All-time low
$1.00
+1,679.10% (+$16.80)
Nov 1, 2023 (4 months ago)
ICO date
10/31/2023
ICO price
$0.00
Circulating supply
167.35M TIA
Market cap at circulating supply
$2.95B

About Celestia (TIA)

Celestia is a modular blockchain network that enables developers to build scalable, secure, and interoperable decentralized applications (dApps). Celestia decouples the data availability layer from the execution layer, allowing each layer to be optimized for its specific purpose. This makes Celestia more scalable and efficient than traditional monolithic blockchains.

How does Celestia work?

Celestia works by separating the blockchain into two layers: the data availability layer and the execution layer. The data availability layer is responsible for storing and validating transaction data, while the execution layer is responsible for executing transactions and updating the state of the blockchain.

The data availability layer uses a sampling mechanism to ensure that all transaction data is available to all nodes on the network. This makes Celestia more secure than traditional blockchains, as it is more difficult for attackers to tamper with the transaction data.

The execution layer can be implemented using any type of virtual machine, which makes Celestia more flexible and adaptable than traditional blockchains. Developers can choose the virtual machine that best suits their needs, and they can even build their own custom virtual machines.

Celestia price and tokenomics

Celestia's native token is TIA. TIA is used to pay for transaction fees, secure the network, and participate in governance.

TIA has a total supply of 1 billion tokens. The tokens are allocated as follows:

  • 26.8% - R&D and ecosystem
  • 19.7% - Series A and B investors
  • 17.6% - Initial core contributors
  • 15.9% - Seed investors
  • 12.6% - Future initiatives
  • 7.4% - Genesis drop and incentivized testnet

TIA is currently trading at $2.38 (as of November 1, 2023). It has a market capitalization of $336.99 million.

About the founder

Celestia was founded in 2021 by Mustafa Al-Bassam and Ismail Mahmutovic. Al-Bassam is a former software engineer at Google, where he worked on the development of the WebAssembly virtual machine. Mahmutovic is a former software engineer at Facebook, where he worked on the development of the Novi digital wallet.

Celestia highlights

  • Scalability: Celestia is designed to be scalable to millions of transactions per second.
  • Security: Celestia uses a variety of security features to protect the network and its users, including proof-of-stake consensus, sharding, and fraud proofs.
  • Interoperability: Celestia is interoperable with other blockchains, which means that Celestia dApps and smart contracts can communicate and interact with dApps and smart contracts on other blockchains.
  • Flexibility: Celestia is a modular blockchain, which means that its different components can be upgraded or replaced without disrupting the entire network. This makes Celestia more flexible and adaptable than traditional monolithic blockchains.

Learn more about Celestia (TIA)

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