Millions are staked, but emissions are flooding supply.
To understand where conviction holds and where dilution risk is rising, we compared 30-day net staking flows vs. token unlocks across 8 major tokens (as of June 25th). 👇
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Luigi D'Onorio DeMeo 🔺
It's nice to see that CT is catching up to things the @avax team has been saying for years and have been ridiculed for doing so.
@kevinsekniqi, @el33th4xor and to a lesser extent, myself took so many arrows regarding slashing and other parts of this proposal in 2021/22. @stephenbuttolph has also been incredibly consistent as well.
With hindsight, I think it's clear that many of those debates were clearly an attempt by a faction of the eth community to turn its asset into money and spew narratives such that it would not have to compete on product.
John Adler | 🦣
Proof-of-Governance as the Endgame for LSTs
I propose a change to the Celestia protocol that would remove unnecessary issuance, from 5% to 0.25%, without affecting security. It would also allow for a seamless LST-equivalent, allowing $TIA to be used in TIA-native DeFi more easily.
This change would commit Celestia to accruing value through REV and fees, through abundant DA throughput and verticalization with execution and applications, like TIA-native DeFi.
(this is celestia)
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Darius Rugys
It’s funny how all these foundations $TIA $NEAR etc all of a sudden talking about inflation being a big problem. Is being 98% down vs $BTC in the last 12 months a factor or no? Lol
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BlockFlow
😱@celestia’s $TIA token tanks 95% amid insider sell-off claims!🚨Founder @musalbas Mustafa Al-Bassam defends $100M reserves & 6-year runway, but token unlocks spark outrage. Can a new Proof-of-Governance save the day?👇
#Celestia #TIA #Crypto #Tokenomics
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IQX.sol🎒
🎒 After the FTX incident at the end of 2022, I was fortunate to experience the die-hard spirit of the Solana community, and Madlads is the backbone of the entire core community. I attempted to establish a Madlads Chinese community, and in June 2023, I met Armani in person in Causeway Bay. It felt like meeting LeBron James, and I was determined to build a fan support group to accompany Backpack on its journey.
🎒 Because some group members complained that Backpack's development was too slow, I officially joined Backpack in April this year. This has been the toughest job in my over ten years of work experience. Just before dinner yesterday, while I was communicating about S2 on my phone, I accidentally bumped into a bamboo pole and had to go to the hospital for a tetanus shot. I felt a bit down in the hospital because I was really exhausted, but when you see the boss everywhere and hardworking colleagues every day, you feel that you can do even better.
🎒 My wife asked me why there are so many applications for licenses in Hong Kong recently, including Binance and OK, and this field is so competitive. How can you be sure that Backpack can break through? I said I never have time to think about failure; all my energy is spent on how to help Backpack grow. I believe that with enough effort and focus, Backpack will succeed. Backpack is not competing with "rivals"; its goal is to establish a system that seamlessly connects decentralized technology with the real world, becoming a part of our lives.
杰尼 kungfu
I’m very happy to see the feedback from Backpack 🎒's @leoding0806x and @bitcoin10wu.
This is precisely a reflection of the Die Hard community attributes.
I believe the efforts of Ding in the MadLads group can be witnessed by the old group friends.
My Backpack experience:
In 2023, besides participating in Hyperliquid, I also got involved with Backpack 🎒.
This was because I saw the potential of Armani as the Founder at that time.
I bought a large amount of MadLads, over 1000 U-based, around 1000 U.
During the first wave of hype in the 2024 Pre-season,
I watched as the profits from my MadLads dropped from a high point of nearly 0.7M.
Brothers who were playing along also participated in the Pre-season and lost nearly 300k at the high point of MadLads.
However, I still hold a portion of my MadLads to this day,
I have staked them and earned almost all the badges I could get.
My view on Backpack:
Why do I mention Lighter, Backpack, and Aster together?
This is because the current mainstream thinking in the industry is like this,
It can be categorized based on my framework.
If we create a spectrum of value orientation for a project,
the far left is Community, and the far right is VC.
Hyperliquid, as a representative, is definitely on the far left: it does not accept VC financing, airdrops are basically given to the Community, and all profits return to the community.
Lighter is currently on the far right: the Founder clearly does not care much about the community, and in the last 1-2 months, they have been running after big clients and market maker resources in Asia.
Aster is also leaning towards the right: just follow BN and that’s it.
Backpack is positioned slightly left of center.
It leans left because Armani has indeed seen a path from the success of Hyperliquid.
This can be seen in his multiple tweets where he recognizes the market's preference for the Hype model.
At the same time, before the exchange opened, he worked hard to build the MadLads community, which clearly shows he wants to focus on community culture.
This can be contrasted with Lighter/Aster, which is building from the top down,
because the latter is currently focusing more on finding resources from big clients/exchanges.
However, 🎒 has still received financing.
The entire distribution of interests is like Sun Wukong wearing the tightening curse,
there will definitely be a Placeholder class that will suck blood from it.
Don’t you see that $TIA is also a Placeholder's bag?
I can relate to that.
Currently, it can be seen that the market believes 🎒 will separate coins and stocks,
the coin part will be fully airdropped to the community.
If that’s really the case,
then one must admire Armani's efforts to balance the interests towards the community.
I would love to see Armani allocate more benefits to the Community under the constraints of the current financing interest structure.
The profit distribution in the Pre-season was a first attempt,
at that time there were too many monks and too little meat, so it was a mess.
Now there are more monks.
If TGE also needs to distribute to the rent-seeking class,
this balancing of interests is not simple.
If it were an ordinary founder, I wouldn’t have any expectations at all.
But with Armani, there is a chance.
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Celestia price performance in USD
The current price of Celestia is $1.4640. Over the last 24 hours, Celestia has decreased by -1.15%. It currently has a circulating supply of 688,145,041 TIA and a maximum supply of 1,131,129,863 TIA, giving it a fully diluted market cap of $1.01B. At present, Celestia holds the 46 position in market cap rankings. The Celestia/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Celestia is a modular blockchain network that enables developers to build scalable, secure, and interoperable decentralized applications (dApps). Celestia decouples the data availability layer from the execution layer, allowing each layer to be optimized for its specific purpose. This makes Celestia more scalable and efficient than traditional monolithic blockchains.
How does Celestia work?
Celestia works by separating the blockchain into two layers: the data availability layer and the execution layer. The data availability layer is responsible for storing and validating transaction data, while the execution layer is responsible for executing transactions and updating the state of the blockchain.
The data availability layer uses a sampling mechanism to ensure that all transaction data is available to all nodes on the network. This makes Celestia more secure than traditional blockchains, as it is more difficult for attackers to tamper with the transaction data.
The execution layer can be implemented using any type of virtual machine, which makes Celestia more flexible and adaptable than traditional blockchains. Developers can choose the virtual machine that best suits their needs, and they can even build their own custom virtual machines.
Celestia price and tokenomics
Celestia's native token is TIA. TIA is used to pay for transaction fees, secure the network, and participate in governance.
TIA has a total supply of 1 billion tokens. The tokens are allocated as follows:
26.8% - R&D and ecosystem
19.7% - Series A and B investors
17.6% - Initial core contributors
15.9% - Seed investors
12.6% - Future initiatives
7.4% - Genesis drop and incentivized testnet
TIA is currently trading at $2.38 (as of November 1, 2023). It has a market capitalization of $336.99 million.
About the founder
Celestia was founded in 2021 by Mustafa Al-Bassam and Ismail Mahmutovic. Al-Bassam is a former software engineer at Google, where he worked on the development of the WebAssembly virtual machine. Mahmutovic is a former software engineer at Facebook, where he worked on the development of the Novi digital wallet.
Celestia highlights
Scalability: Celestia is designed to be scalable to millions of transactions per second.
Security: Celestia uses a variety of security features to protect the network and its users, including proof-of-stake consensus, sharding, and fraud proofs.
Interoperability: Celestia is interoperable with other blockchains, which means that Celestia dApps and smart contracts can communicate and interact with dApps and smart contracts on other blockchains.
Flexibility: Celestia is a modular blockchain, which means that its different components can be upgraded or replaced without disrupting the entire network. This makes Celestia more flexible and adaptable than traditional monolithic blockchains.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 7.6K new posts about Celestia, driven by 4.3K contributors, and total online engagement reached 3.1M social interactions. The sentiment score for Celestia currently stands at 66%. Compared to all cryptocurrencies, post volume for Celestia currently ranks at 1359. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Celestia.
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Posts
7,587
Contributors
4,349
Interactions
3,067,415
Sentiment
66%
Volume rank
#1359
X
Posts
6,106
Interactions
1,089,183
Sentiment
79%
Celestia FAQ
How much is 1 Celestia worth today?
Currently, one Celestia is worth $1.4640. For answers and insight into Celestia's price action, you're in the right place. Explore the latest Celestia charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Celestia, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Celestia have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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