Celestia Network has garnered bullish sentiments from analysts at Messari, who assert that the platform, experiencing a sporadic surge leading TIA to achieve a new all-time high, may witness sustained growth with increasing activities and projects.
In a social media post on X (formerly Twitter), Messari’s senior research analyst, Kunal Goel, elaborated on the factors propelling Celestia’s growth. Emphasizing its notably low fees in comparison to analogous service-providing networks, Goel identified layer-2 rollup blockchains as the primary fee drivers on Celestia.
The analysts contend that the demand for security holds greater significance for Celestia than its fees, citing the high demand driven by activities on the Manta Network. Manta, the sole rollup currently launched on TIA, is expected to be joined by additional layer-2 blockchains like Dymension and Saga in the coming weeks.
Celestia’s Remarkable Growth And Incentives For Stakers
Highlighting TIA’s status among top smart contract platforms with the lowest Largest Application Multiple, the report emphasized incentives for stakers on the platform as a growth catalyst. Anticipating future airdrops, Messari’s analysts estimate potential airdrop values for TIA stakers ranging from $0.8 to $1.6, based on Dymension’s airdrop and pre-listing valuation.
Despite launching its mainnet beta three months ago, Celestia has achieved considerable success, attracting interest through staking and airdrop activities. The Messari report underscores that TIA, functioning as a modular data availability network for rollups, lacks close comparables in the market, positioning it for high growth and potentially meeting market expectations.
Since the TIA airdrop in October, the token has experienced a substantial multiplefold increase. CoinMarketCap data reveals TIA’s impressive 727% surge, currently trading at $17.39. Celestia is resilient amidst Bitcoin-led market volatility and boasts a market capitalization of approximately $2.7 billion.