Celestia (TIA): value and price trends

What is Celestia

Celestia is considered the first modular blockchain: instead of handling every function on a single layer (as “monolithic” blockchains do), it separates transaction execution from data availability and consensus. In practice, Celestia specialises in ensuring that transaction data is available and verifiable (so-called “data availability”), leaving execution to other networks. This approach lets developers launch dedicated blockchains (“rollups”) more quickly and cheaply, relying on Celestia for the data layer.

TIA is the native crypto-asset, with a dual function: utility token, because it is used to pay the fees to publish data on the network, and governance token, because it allows participation in votes. The project was founded by Mustafa Al-Bassam (CEO) and others, from the 2019 prototype to the introduction of the TIA token in 2023, raising 55 million dollars with venture capital support. The token reached an all-time high of $20.91 in February 2024.

Why Celestia matters

The modular architecture is one of the most discussed technical topics in the sector, because it offers a possible answer to the scalability problem: enabling the creation of many application blockchains without having to rebuild the data security layer from scratch. Celestia is part of this trend together with the rollup ecosystem. Past performance is not a guarantee of future results.

Staking TIA

On Young Platform you can activate TIA staking in Liquid Staking mode. The TIA rewards received are automatically re-staked: they do not constitute financial interest, they are variable, they depend on the protocol and they are not guaranteed.

The Liquid Staking service relies on a protocol managed by third parties and falling outside the MiCAR authorisation scope. It involves specific risks: validator slashing, possible divergence of the derivative token’s price (depeg) and technological risks of the protocol.