Celestia unveils roadmap to 1-gigabyte blocks

The roadmap comes amid fierce competition in data availability among rivals such as EigenDA and Avail.

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Celestia, Sui, and Aptos set for $1.3 billion token unlock next month

The upcoming $1.3 billion token unlock could significantly impact market dynamics, potentially increasing selling pressure and volatility.

The post Celestia, Sui, and Aptos set for $1.3 billion token unlock next month appeared first on Crypto Briefing.

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EigenLayer Founder Reiterates Support For Ethereum, Why Is ETH Struggling?

Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain. Over the years since launching, it has been gulping up more market share from Ethereum, cementing its position. Is Ethereum Superior To Solana? While the prominence of Solana is evident, Sreeram Kannan, the founder of EigenLayer, argued in a post on X that Solana prioritizes low latency and global node synchronization over other core features. Related Reading: Solana (SOL) Could Go Parabolic Once It Breaks $200 Resistance Analyst On the other hand, Ethereum took a different approach, emphasizing the need for stability and decentralization. Accordingly, in Kannan’s view, the first smart contracts platform offers a more comprehensive solution than its competitor. Currently, EigenLayer manages over $12 billion worth of assets on Ethereum, according to DeFiLlama. Although Kannan acknowledges the efficiency of Solana, the founder nonetheless picks out some limitations now that the platform is building a global state machine. At the top of the list is the blockchain’s sacrifice of programmability and verifiability.   Meanwhile, the EigenLayer lead thinks Ethereum is excelling, especially on performance, thanks in part to the success of rollups and the resulting wild adoption. This off-chain solution provides instant confirmation and is more performant than web2 applications. At the same time, Ethereum is programmable, enabling EigenLayer to add more features like an arbitrary decentralization of verifiable tasks. As a result, the liquidity restaking platform, Kannan adds, has enabled cloud-scale programmability. Layer-2 Platforms Thriving: Why Is ETH Struggling? The co-founder of Celestia, Mustafa Al-Bassam, also appreciates what Ethereum brings to the table and is absent or underdeveloped in other networks. In a post on X, Al-Bassam said the first smart contracts platform is “underrated.” Related Reading: Shiba Inu Burn Rate Skyrockets 81% In One Day, Are The Bulls Back? Specifically, the co-founder lauded the thriving rollup ecosystem in Ethereum, saying it is “by far the largest and most successful.” As of September 30, L2Beat data shows that the layer-2 ecosystem in Ethereum manages over $38 billion, with Arbitrum and Base among the largest platforms. Even as Base and other Ethereum layer-2 platforms draw activity, ETH, the native currency, is struggling for momentum. The daily chart shows bulls have yet to break above $2,800, although support remains at $2,400. Dwindling upside momentum has been partly blamed on the proliferation of layer-2 scaling solutions. The network becomes inflationary as more activity is re-routed off-chain, and enhancements like Dencun are activated to make layer-2 transactions even cheaper. Looking at Ultra Sound Money, fewer ETH are not being torched. Feature image from DALLE, chart from TradingView

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October set for $3.46 billion crypto token flood, first week to unlock $735 million

Over $735 million worth of crypto will be unlocked and released into circulation in the first week of October, according to data from Token Unlocks. The $735 million unlock is part of a larger $3.46 billion expected to be released throughout October. According to Token Unlocks, most releases involve assets like Celestia, Worldcoin, and Solana. […]

The post October set for $3.46 billion crypto token flood, first week to unlock $735 million appeared first on CryptoSlate.

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Celestia Foundation Secures $100M to Advance Modular Blockchain Technology

Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput. (Read More)

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Celestia Foundation secures $100M capital led by Bain Capital Crypto

The investment rounds backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestias total fundraising to $155 million.

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Risc Zero aims to bring blockchain security to any off-chain app

Next-gen zero-knowledge proofs are orders of magnitude cheaper than existing options, Risc said.

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Celestia Price Prediction for Today, September 14 TIA Technical Analysis

The Celestia price prediction reveals that TIA may find a halt at $4.0 as the price is down by 3.28% over the last 24 hours. [...]

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Celestia Plans For 1 GB Blocks For Scaling: Why Are TIA Holders Worried?

Celestia, a top network and one of the few modular blockchains, is building. Less than a year after transiting to the mainnet after months of testing, the platform is taking bold steps to scale the base layer and further boost data availability. Celestia Plans For 1 GB Blocks For Scaling In a recent announcement, the [...]

The post Celestia Plans For 1 GB Blocks For Scaling: Why Are TIA Holders Worried? appeared first on Crypto Breaking News.

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Celestia's Lemongrass Upgrade: A Comprehensive Overview

Celestia announces Lemongrass upgrade with key consensus changes including Interchain Accounts and Packet Forward Middleware. (Read More)

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TIA Down 23% In A Week, As Investors Eye New On-Chain Projects

With the crypto market eyeing to end August on a sour note, the altcoin sector saw more pain in the short term after the broader market dipped in the past 24 hours. This led to altcoins like TIA facing significant losses on all timeframes. Related Reading: Market Slip Drags Injective Down 16% Despite Ongoing Developments According to CoinGecko, TIA saw 23% in losses since last week, becoming one of the biggest losers since the markets correction phase began. Despite the tokens underperformance, August was a great month for on-chain growth for Celestia. The only question now is whether investors are considering these developments to prince-in TIA in the long term.  OurNetwork Modular Ecosystem Review Reveals Quiet Build-Up On Celestia OurNetworks official X account posted about its recent overview of the Modular ecosystem which Celestia is a part of. It revealed several key developments that show the ecosystem has been gathering momentum since the start of August.  JUST IN: Modularity | OurNetwork #266 Sector Update | @ayyyeandy @CelestiaOrg | @ofernau @OmniFDN | @chasedevens @alt_layer | @maqstik @conduitxyz | @forrestnorwood Link to read https://t.co/DyCnBHxLWi OurNetwork (@ournetwork__) August 30, 2024 According to OurNetworks official blog post, although the modular sector of crypto faced some resistance due to its chain fragmentation problem, developments on chain abstraction by over 80 teams from different protocols and chains led to better user experience on-chain. Celestia leads the entire sector by a wide margin. It shows that the platform secured 44% of the total market share of data on data availability providers. This shows Celestia as a major player in the Modular sector. The platforms niche of providing EVM blockchains with the infrastructure to verify data without downloading entire blocks is the main reason for Celestias jump in market share. From May 29th until August 28th, Celestia has kept pace chasing Ethereums position in the data availability niche. Time will tell whether the platform will usurp Ethereum as the prime data availability layer for EVM blockchains, but investor confidence in Celestia might not be in the position for recovery of TIA.  $4.6 Breakthrough Imminent But Rejections Still A Possibility  As of writing, the token is on the path of breaking through the $4.6 ceiling in the short term despite the market sentiment still flashing bearish. With the majority of the market still trying to recover from the disastrous dip, TIAs potential breakthrough might be rejected.  Related Reading: Cosmos (ATOM) On Downward Spiral With 23% Losses As Market FUD Worsens The relative strength index (RSI) shows that there is a slight dip in bullish momentum, but a flip may occur in the coming days as market volatility slows down. TIA’s significant correlation with Bitcoin will also play a part in the coming rally. Once BTC returns to $60k in the long term, we might see a possible retest of $5 soon; that is if the market flips bullish which may occur later in early or mid-September.  Featured image from RockX, chart from TradingView

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SOON closes funding round for Solana-based layer 2

Backers hail from Solana Labs, Coinbase Ventures and Celestia, among others.

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EigenLayers EigenDA to support layer-2 native token restaking

Users will be able to earn restaking yield from layer-2 tokens on EigenDA.

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Celestia: Market Dip Leaves TIA Investors 16% In The Red

With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to CoinGecko, TIA, Celestias native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs. Despite its native tokens downward [...]

The post Celestia: Market Dip Leaves TIA Investors 16% In The Red appeared first on Crypto Breaking News.

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Celestia (TIA) Gains 14% Following Network Upgrade Announcement

Celestia gains ground against the bears after the platform gave new info about the upcoming network upgrade named Lemongrass. According to CoinGecko, TIA has been up more than 13% since last week, successfully getting the token into the spotlight. The newly gained momentum can be attributed to the networks first upgrade, which will change the [...]

The post Celestia (TIA) Gains 14% Following Network Upgrade Announcement appeared first on Crypto Breaking News.

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Celestia Price Prediction for Today, July 9 TIA Technical Analysis

The Celestia price prediction may continue to settle above the 9-day and 21-day moving averages as the coin heads to the upside. Celestia Prediction Statistics [...]

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Analyst Predicts 2,750% Celestia (TIA) Price Explosion To $188, Heres The Roadmap

The Celestia (TIA) token has suffered one of the worst price crashes following Bitcoins decline, falling from as high as $20 to as low as $5 before a brief recovery. However, this crash has not deterred bulls, who believe that this altcoin is set to achieve great things in the market. Celestia Could Explode 2,750% To $188 A recent analysis posted by crypto analyst House Of Crypto Kings has caught the attention of the Celestia community. In the post, the crypto analyst maps out a rather impressive path for the coin to rally more than 2,700% and reach brand new all-time highs. Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH To start out, the crypto analyst lauds the Celestia token for its utility that spans various use cases across the ecosystem. Some of these includes fee payments, staking for rewards, as well as promoting data availability and validation. However, moving to the meat of the analysis, the crypto analyst points out that the altcoin is still holding strong support at the $4.9 level. This was demonstrated in the latest crash this week, where TIA held strong at $4.9 and subsequently bounced above this level. This means that $4.9 is the level to hold if the rally is to continue. Furthermore, the crypto analyst points to the approval of Spot Ethereum ETFs starting an altcoin rally, something that would extend to prominent players like Celestia. Historically, new projects introduced shortly before a bull market often experience significant rallies, the analyst said. We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge. In the event of a surge, the analyst sets two prominent targets for the price, which are $80.2 and $188. On the lower end of this, the price would have to rise 1,100% from its current $6.6 level. While for the latter, the price would have to rise 2,750% to achieve it. Exiting TIA At The Right Time The crypto analysts prediction coming to pass would mean that Celestia investors are in for a lot of gains in the bull market. However, knowing when to exit a coin is just as important as knowing when to enter in order to secure profits. Related Reading: Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Heres When Given this, the analyst tells Celestia investors that they should be looking to exit their positions sometime between March and August 11 in 2025. This is because this is when they expect the top of the bull market cycle to take place and the altcoin season to come to an end. On the bearish side, however, the analyst explains that if TIA fails to maintain the $4.9 support mentioned above, then the price could break down to the next critical support around $3.6. Nevertheless, the analyst expects this to be a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs. Featured image created with Dall.E, chart from Tradingview.com

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Celestia (TIA) Emerges As The Market Leader With 16% Surge, Catalysts Revealed

After experiencing a significant price drop of 68% from its all-time high of $20.85 on February 10th, the native token of the modular data availability (DA) network Celestia TIA has experienced a notable price recovery. On Tuesday, it emerged as the market’s top performer with a 16.4% increase in the last 24 hours, currently trading [...]

The post Celestia (TIA) Emerges As The Market Leader With 16% Surge, Catalysts Revealed appeared first on Crypto Breaking News.

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BNB, AR, XMR, and TIA set to rally Will Bitcoin's $70K breakout be the trigger?

Bitcoin price action could remain sideways for longer, but BNB, AR, XMR, and TIA may see some short-term gains.

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Fireblocks Integrates Celestia to Enhance Blockchain Capabilities in Cosmos Ecosystem

Fireblocks collaborates with Celestia to boost blockchain scalability and usability within the Cosmos ecosystem. (Read More)

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