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Celestia Overview
24h High
$0.38
24h Low
$0.34
24h Change
-6.08%
7d Change
+2.50%
30d Change
+0.87%
Volume 24h
$14.55M
Market Cap
$331.01M
Circulating Supply
893.16M TIA
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About Celestia
Celestia (TIA) is a groundbreaking modular blockchain network developed by Mustafa Al-Bassam and Ismail Khoffi. It revolutionizes blockchain scalability and efficiency through its data availability sampling architecture. TIA, its native token, is integral to the network's operation, serving functions related to transaction fees, network security, and governance. The founders' combined expertise in blockchain scaling and engineering has been crucial to Celestia's innovative approach.
TIA, the native asset of Celestia, fulfils several critical roles within the network:
- Paying for Blobspace: Developers use TIA to pay for data availability services on the Celestia network. This is done through 'PayForBlobs' transactions, where the fees are denominated in TIA.
- Bootstrapping New Rollups: Celestia allows developers to launch their own blockchain with ease, similar to deploying a smart contract. In this context, TIA can be used as a gas token and currency for these newly deployed blockchains, especially in their initial stages. This alleviates the need for developers to issue a new token immediately.
- Proof-of-Stake: Celestia uses a proof-of-stake mechanism, which is built with the Cosmos SDK. This allows users to participate in securing the network by delegating their TIA to validators in exchange for a portion of the staking rewards.
- Decentralised Governance: Holders of TIA also play a crucial role in the decentralised governance of Celestia. They can vote on network parameters and governance proposals and have a say in the governance of the community pool, which receives a portion of the block rewards.
Celestia was co-founded by Mustafa Al-Bassam and Ismail Khoffi. Mustafa Al-Bassam, the CEO of Celestia Labs, is known for his work in blockchain scaling and was a co-founder of Chainspace, later acquired by Facebook. Ismail Khoffi, serving as the CTO of Celestia Labs, has a background in engineering, with experience at Tendermint and the Interchain Foundation. Their expertise in blockchain technology and distributed computing has been pivotal to Celestia's development and vision.
Celestia Markets
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Celestia Platforms
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Learn About Celestia
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Crypto News NavigatorFeb 14, 20265m read
Celestia Market Data
The live Celestia price today is $0.35 USD with a 24-hour trading volume of $14,547,247.57 USD. We update our TIA to USD price in real-time. Celestia is down 6.08% in the last 24 hours.
The current market cap is $331,007,866.44 USD, ranking #108 by market capitalization. The circulating supply is 893,161,102 TIA.