Celestia’s TIA soars – with the announcement of Polygon integration plan | CoinDesk JAPAN

TIA, the native token of blockchain data solution Celestia, soared to an all-time high of $12.35 on the 12th. Traders expected Celestia’s data availability layer to be integrated into Polygon’s Chain Development Kit (CDK).

Polygon hinted at the integration with X before the official announcement, posting, “Get ready, modular community.” TIA rose from $10.36 to $12.35.

TIA is currently up over 473% since opening at $2.31 six weeks ago. According to CoinMarketCap, with only 15% of the total supply of TIA in circulation, the fully diluted value (FDV) is currently $12.1 billion (approximately 1,754.5 billion yen, equivalent to 145 yen to the dollar). .

Expectations for airdrop

Some TIA holders are wondering if projects integrated into Celestia will airdrop tokens, similar to how Jito and Marinade on the Solana blockchain rewarded users with tokens this month. I’m speculating whether there is.

CC2Ventures, an expert on airdrops, said in X: “There are many high-profile projects on Celestia, and a significant portion of them are likely to airdrop to TIA holders for mindshare and marketing purposes.” Posted.

Despite the rise of TIA, on-chain activity on the Celestia blockchain remains sluggish. Since Celestia went live on October 31st, there have been 872,700 transactions, 362,000 of which took place in the past 30 days. The monthly moving average is approximately 12,000.

By comparison, Arbiscan data shows that another modular blockchain, Arbitrum, has had between 600,000 and 800,000 daily transactions over the past week.

｜Translation and editing: Rinan Hayashi
｜Image: TradingView
｜Original text: Celestia, Blockchain Data Solution, Sees TIA Token Surge as Polygon Plan Announced