Projects listed: 276 |
BTC Dominance: 52.51% | Volume (24h): $37,669,772,911 | Market Cap: $2,295,276,269,230
Celestia
TIA
$4.90
Sector
Interoperability
Exchange Debut
2023-10-31
Market Cap
1,035,704,622
Maxim Supply
∞
Circulating Supply
211,399,692
Circ. Supply(%)
∞
Celestia
TIA
Price
$4.90
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
81758962
5.034825065934
4.491138633115
Change 24h
Change 7d
Change 30d
4.0026
17.0543
-3.4301
Maxim supply
Circulating supply
Circulating supply(%)
∞
211,399,692
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Celestia – TIA cryptocurrency:
Celestia (TIA), a pioneering modular blockchain network, stands out with its innovative architecture that separates execution from consensus. This approach not only reduces overhead for deploying personalized blockchains but also scales effectively by using data availability sampling. With a total score of 7.4 out of 10 in the fundamental analysis of the Celestia – TIA cryptocurrency, it demonstrates a strong potential in various aspects, despite certain areas needing improvement.
SOCIAL & MASS MEDIA: Score 8 out of 10
Celestia’s social media and media presence is impressive, earning a score of 8 out of 10. The project excels in attracting followers and maintaining active communities on social platforms, as evidenced by perfect scores in these subcriteria. However, there is room for improvement in media presence and the activities of social media administrators, indicating potential areas for enhanced engagement and visibility.
AUDIT & SECURITY: Score 6.3 out of 10
The audit and security aspect of Celestia rates 6.3 out of 10. The project shows decent transparency and satisfactory audit results, but there is a noticeable need for improvement in information transparency to the public. Enhanced focus on these areas could significantly boost investor confidence and project security.
TOKENOMICS: Score 3.75 out of 10
Token economy is a critical aspect of any crypto project, and Celestia scores 3.75 out of 10 in this domain. Concerns arise from the project’s inflationary nature and the centralization of its monetary mass, suggesting a need for strategic adjustments to enhance tokenomics appeal.
ECOSYSTEM DEVELOPMENT: Score 8.8 out of 10
Celestia’s ecosystem development is robust, reflected in a score of 8.8 out of 10. The project shows a strong commitment to achieving objectives and bringing new developments, signaling a promising future in terms of growth and innovation.
TEAM & DEVELOPERS: Score 8.8 out of 10
The team behind Celestia is highly experienced and skilled, particularly in software development, as indicated by a high score of 8.8 out of 10. This strong foundation is crucial for the project’s continued success and evolution.
PRODUCT & UTILITY: Score 7.6 out of 10
In terms of product and utility, Celestia scores 7.6 out of 10. The product shows practical utility, and the tokens have significant relevance within the ecosystem. Further enhancements in these areas could lead to even greater adoption and usage.
PARTNERS & INVESTORS: Score 8.5 out of 10
Celestia’s partnerships and investor base are strong, earning a score of 8.5 out of 10. The quality and number of partners, along with investor capacity, indicate robust support and confidence in the project’s future.
Fundamental analysis of the Celestia – TIA cryptocurrency – The final conclusion
Considering the scores obtained from the fundamental analysis of the Celestia – TIA cryptocurrency, the project presents a promising investment opportunity with areas of strength in ecosystem development, team expertise, and social media presence. However, there are risks associated with its tokenomics and audit/security aspects. Potential investors should weigh these factors carefully, considering the overall score of 7.4 out of 10, which suggests a balance of opportunity and areas for improvement. Celestia’s innovative approach to blockchain technology, coupled with strong community support and a skilled team, positions it well for future growth, but attention should be given to improving its weaker areas to maximize its potential.
What is Celestia
Celestia: A New Approach to Blockchain Scalability
Celestia offers a unique data availability network that enables scalable blockchain architectures. This system stands apart by separating consensus from execution, emphasizing data availability sampling. This mechanism requires only light nodes to randomly sample small data chunks from each block, ensuring data verification. Surprisingly, as more light nodes participate, the network’s capacity to handle data expands, allowing for larger block sizes without increasing verification costs.
TIA Tokens and Celestia’s Operations
TIA tokens play a crucial role for developers in the Celestia network. Rollup developers utilize a transaction known as “PayForBlobs”, paid in TIA, for data availability. Different from monolithic blockchains which compromise decentralization or security for scalability, modular blockchains, like Celestia, are specialized for specific functions. Celestia’s founder, Al-Bassam, has close academic ties with Ethereum’s founder, Vitalik Buterin, who has praised Celestia’s potential for Ethereum rollups.
What Differentiates Celestia?
Data availability sampling is Celestia’s distinguishing feature. Unlike monolithic blockchains, where users download all data for verification, Celestia offers a solution that caters to light nodes. These nodes can verify data availability without downloading complete block data. After multiple sampling rounds, a light node can achieve a set confidence level, such as 99%, deeming the block data available. While other projects like Sui and Aptos have similarities with Celestia, they haven’t matched Ethereum’s market dominance.
- Latest analysis update: December 23, 2023
Celestia - TIA performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
