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Celestia (TIA) is a pioneering cryptocurrency that forms the backbone of a modular blockchain network, revolutionizing the way blockchains are built and maintained. Launched on October 31, 2023, Celestia is the world's first data availability blockchain network, designed to provide developers with the infrastructure to build and maintain their own blockchains. This innovative approach separates the essential functions a blockchain performs, a concept known as blockchain modularity, allowing other blockchains to use Celestia as a data availability and consensus layer.

Key Features and Benefits

• Modular Architecture: Celestia decouples execution from consensus and introduces a new primitive, data availability sampling, enabling scalability and flexibility in creating decentralized applications.
• Data Availability: Developers can use Celestia for data availability by submitting PayForBlobs transactions on the network for a fee, denominated in TIA.
• Staking and Governance: TIA staking allows the community to play a critical role in decentralized governance over key parts of Celestia, including voting on network parameters through governance proposals and governing the community pool.
• Integration: Celestia's integration with Polygon's chain development kit extends its reach, bringing its data availability solution to thousands of chains and developers on the Polygon (MATIC) ecosystem.

Past Events and Milestones

• Mainnet Launch: Celestia launched its mainnet on October 31, 2023, marking a significant milestone in its development.
• Token Airdrop: 60 million TIA tokens (6% of total supply) were airdropped during genesis to developers, researchers, highly-active stakers, and addresses on Ethereum, Ethereum rollups, Cosmos, and Osmosis.
• Funding Rounds: Celestia raised $100 million in an OTC round in September 2024 and $55 million in a Series A round in October 2022, with investors including Bain Capital Crypto, Polychain Capital, and Coinbase Ventures.
• Testnet Launch: Celestia's testnet was live on May 25, 2022, providing a platform for developers to test and refine their applications.

Market Performance

• Current Price: TIA is currently trading at around $8.04, with a 24-hour trading volume of $1,251,324,566[5].

• Market Capitalization: The circulating market cap is $3,447,392,148, with a fully diluted valuation of $8,730,145,499[5].
• Supply: The circulating supply is 428,577,556 TIA, with a total supply of 1,085,326,027 TIA[5].

Long-Term Price Predictions

• 2030: Predictions range from $18.93 to $55.70, with some experts predicting TIA to reach $92.37.
• 2050: Predictions range from $100.52 to $182.20, with some extreme forecasts reaching $4,089.

Conclusion

(TIA) represents a significant leap forward in blockchain technology, offering a modular and scalable data availability layer that empowers developers to build and maintain their own blockchains. With its innovative architecture and growing ecosystem, TIA has the potential to reshape the landscape of finance and technology.

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