As part of the broader Cosmos ecosystem, Celestia adopts a modular approach to blockchain technology, aiming to simplify the process of blockchain development. This approach emphasizes scalability and user accessibility. Utilizing the Inter-Blockchain Communication (IBC) protocol, Celestia facilitates better integration among different blockchain networks within Cosmos, enhancing the network’s ability to support a diverse and robust range of applications.
This integration plays a key role in broadening the operational capabilities and reach of the Cosmos ecosystem. By working with Fireblocks, Celestia is well-positioned to drive blockchain technology forward, making it more inclusive and innovative.
What Fireblocks users can do with Celestia
Fireblocks users can do the following with Celestia:
- Custody TIA in their Fireblocks Vault.
- Securely transfer TIA on the Fireblocks Network.
- Connect to dApps on Celestia via WalletConnect
- Stake TIA through our staking partners Figment and Kiln.
Celestia: At a glance
- Following its mainnet launch, Celestia achieved a market capitalization of over $370 million overnight (source)
- The TIA token, integral to Celestia’s operation, saw a significant surge, with staking rewards between 15% to 17% attracting considerable attention from the community (source)
- The platform’s all-time high token price reached $20.91 (source)
- The TIA token, Celestia’s native cryptocurrency, has seen substantial growth, starting from a trading price of around $2 and achieving a record high of over $20 (source)
- Celestia provides data availability for 9 out of the roughly 57 Layer 2 chains live on Ethereum today, collectively supporting a TVL of $898 million. (source)
