Modular blockchain Celestia’s TIA token hit an all-time high today, surpassing $20.
This milestone comes after the successful launch of the blockchain mainnet beta in late October last year. Celestia’s journey to this achievement was marked by significant user engagement, evidenced by the airdrop of TIA tokens to approximately 580,000 users.
This widespread deployment clearly indicates growing user adoption and interest in blockchain platforms. Since the token airdrop in October, the value of TIA has increased more than tenfold.
Bitget was the first to list TIA tokens, laying the foundation for increased accessibility and market penetration. Following Bitget, Binance, the world’s largest cryptocurrency exchange, added TIA to its listing in November, further strengthening the token’s market presence.
TIA’s total contract holdings across its entire network reached an all-time high of $214 million. Binance accounts for $85 million of this amount, demonstrating strong market confidence and investment in the token.
TIA’s spot market trading volume was equally impressive. In the last 24 hours alone, total transaction volume exceeded $287 million. A significant portion of this volume, worth $166.4 million, was traded on Binance, highlighting the exchange’s pivotal role in TIA’s trading activities.
TIA is the native token of the Celestia blockchain, a modular data availability network. This blockchain is designed to scale securely with the number of users, facilitating the launch of independent blockchains with minimal overhead.