celestia

According to The Block, Astria Network "intended to cease" operations at block height 15,360,577 on Monday. The project was launched in 2023 and built on the Celestia data availability layer, aiming to be a modular decentralized sequencer for Layer 2 networks.Astria had completed a $5.5 million seed round in 2023 and secured $12.5 million in strategic funding in 2024. However, the project has recently faced multiple setbacks, including halting the development of Flame EVM, an unexpected shutdown of the early testnet, shutting down Celestia validators, and the withdrawal of its only major integrated application, the Astria Bridging Protocol.

ChainCatcher news, according to a tweet from Celestia: "The Celestia Foundation has partnered with Polychain Capital to transfer all remaining TIA tokens held by Polychain to new investors.This month, the foundation purchased 43,451,616.09 TIA from Polychain Capital for $62.5 million. To complete this transaction, Polychain will soon cancel its entire staked TIA holdings.To ensure the foundation's financial situation is not affected, the foundation is finalizing the distribution of TIA with the new investors. These transactions will adopt a rolling unlock mechanism, with the first unlock starting on August 16 and completing on November 14."

ChainCatcher news, according to a post by Hazeflow founder Pavel Paramonov on X platform, Polychain has invested about 20 million dollars in the Celestia project and has already profited over 80 million dollars solely from selling Celestia token staking rewards, achieving a return of over 4 times without selling the main investment.

According to ChainCatcher news, as revealed by Hazeflow founder Pavel Paramonov, Polychain invested approximately $20 million in the Celestia project and has sold tokens worth over $80 million solely through staking rewards without selling any of its original investment. Celestia has currently dropped 92.2% from its historical peak.

ChainCatcher news, according to a tweet by Celestia co-founder Mustafa Al-Bassam, despite the increasing FUD (fear, uncertainty, and doubt) against Celestia in the market, all founders, early employees, and core engineers are still steadfast in their positions, maintaining the same enthusiasm for work as when the project was launched.Al-Bassam stated that Celestia currently has over $100 million in reserves and more than 6 years of operational funding, and the team is prepared for long-term development. He also mentioned that he has been involved in the cryptocurrency space since 2010 and understands that all tokens experience about a 95% drawdown during their lifecycle, so he is not surprised by the current market fluctuations.

ChainCatcher news, Hibachi officially announced the launch of a decentralized perpetual contract exchange (Perp DEX) focused on privacy protection. The platform is built on Celestia's modular data availability layer and Succinct's zero-knowledge proof infrastructure, achieving on-chain privacy protection for transaction records, positions, and account balances, aiming to address user privacy issues caused by the transparency of on-chain transactions at the fundamental level.It is reported that Hibachi has received investment support from Dragonfly and Electric Capital. Currently, Hibachi has launched its core perpetual contract trading functionality, and in the future, it will gradually introduce strategy vaults, a native lending market, multi-asset collateral mechanisms, and spot trading features to meet users' more comprehensive risk management and asset allocation needs. The market currently anticipates the potential launch of a native token to further incentivize user participation.The team stated that they will continue to promote product innovation and ecosystem expansion around the three core concepts of "fast execution, privacy protection, and on-chain verifiability."

ChainCatcher news, the modular blockchain Celestia announces the integration of Hyperlane as its native interoperability solution.The native TIA will expand to platforms such as Ethereum, Solana, Base, Arbitrum One, Eclipse, Abstract, and more, supported by Hyperlane.

ChainCatcher message, Upbit announced that due to the maintenance of the wallet systems for Aptos (APT) and Celestia (TIA), the deposit and withdrawal services for these two digital assets will be suspended starting from May 26, 2025, at 23:00 (KST), until the stability of the system is confirmed. During the suspension, the deposit and withdrawal processes will be temporarily halted, but trading will not be affected. The recovery time will be announced separately.

ChainCatcher news, according to the official announcement, Upbit has announced that it will support trading for Celestia (TIA) and Io.net (IO). Among them, TIA will open trading pairs for KRW, BTC, and USDT, while IO will support BTC and USDT trading pairs.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has seen some increases, with Bitcoin (BTC) rising for two consecutive days, up 0.85% in 24 hours, peaking above $98,000. Ethereum (ETH) has been fluctuating narrowly, down 0.31% in 24 hours, but still maintaining around $1,800. Additionally, the Layer2 sector rose by 1.49%, with Celestia (TIA) and Stacks (STX) increasing by 3.76% and 8.12%, respectively. The GameFi sector rose by 1.15%, with Decentraland (MANA) and Beam (BEAM) increasing by 3.15% and 5.53%, respectively.Meanwhile, the cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi and ssiLayer2 indices rose by 1.61% and 1.46% in 24 hours, respectively.In other sectors, the Meme sector rose by 0.84% in 24 hours, with Popcat (POPCAT) increasing by 11.75% and Mog Coin (MOG) rising by 36.60%; the Layer1 sector rose by 0.34%, and the DeFi sector rose by 0.19%, with Maker (MKR) increasing by 4.34%; the PayFi sector fell by 0.07%, but Bitcoin Cash (BCH) and Safe (SAFE) rose against the trend by 6.51% and 25.10%, respectively; the CeFi sector fell by 0.20%.Additionally, the AI sector fell by 1.21%, but KAITO remained strong, rising for two consecutive days, peaking at 26.28% during the session.

ChainCatcher news, according to the official announcement, Celestia has launched the mamo-1 public testnet, supporting a block size of 128MB and providing an unpermissioned data throughput of 21.33MB per second, which is 16 times the current 8MB block of its mainnet.The testnet consists of 21 validator nodes distributed in Amsterdam, Paris, and Warsaw, simulating a real-world network environment.

ChainCatcher news, according to The Block, asset management company VanEck has listed a new exchange-traded note (ETN) product on the Amsterdam and Paris pan-European exchanges, tracking Celestia's native token TIA.It is reported that Celestia is a data availability layer for modular blockchains.

ChainCatcher news, according to the popularity index data from the Web3 asset data platform RootData, as of February 27 at 10:00, Celestia has surged 720 places in the Top 50 ranking of rising projects, with its token TIA experiencing a 24-hour increase of 9.99%.Celestia is a modular blockchain network aimed at building a scalable data availability layer to achieve the next generation of scalable blockchain architecture—modular blockchains—designed to allow anyone to easily deploy their own blockchain with minimal overhead. Celestia scales by decoupling execution from consensus and introducing new data availability sampling.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking is calculated in real-time based on weighted factors such as the frequency of searches by platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher news, according to SoSoValue data, the encrypted market sector rebounded after setbacks, with the AI Agents sector leading the way with a 13.39% increase. Within the sector, Virtuals Protocol (VIRTUAL) and Vana (VANA) performed exceptionally well, rising 11.51% and 25.65% respectively in 24 hours. Additionally, the Hyperliquid sector saw a 24-hour increase of 7.90%, with the HYPE native token rising by 7.24%.It is worth noting that Bitcoin (BTC) is still down 3.19% in 24 hours, and the RWA sector decreased by 0.64%. However, within the sector, Maker (MKR) and Usual (USUAL) rose against the trend by 22.53% and 19.28% respectively.In other sectors, the Layer2 sector increased by 4.90% in 24 hours, with Celestia (TIA) and Immutablex (IMX) rising by 12.06% and 11.38% respectively; the DeFi sector rose by 3.71%, the Meme sector by 2.66%, the CeFi sector by 2.61%, the Layer1 sector by 2.57%, and the PayFi sector by 0.71%.

ChainCatcher message, the Celestia community has initiated a proposal to set a lock-up limit on the staking rewards of locked tokens, aligning the unlocking time of staking rewards with that of the original locked tokens.In response to this proposal, Celestia founder Mustafa Al-Bassam expressed support in a post: "Let's get this proposal done. Currently, most PoS networks do not lock the staking rewards of investors' shares. This proposal addresses the issue for Celestia, and other Cosmos SDK chains can adopt this solution as well."