TIA Surges Following Mainnet Launch, Starknet Foundation to Reward Early Community Members with STRK Tokens

Daily Top Performer — Celestia (TIA)

The SPX index is up 0.6%,Financials and consumer discretionary sectors led gains, while energy lagged. The broader cryptocurrency market is up, with Bitcoin and Ethereum rising 0.54% and 0.70% respectively  in the past 24 hours. 

Today’s outperformer is TIA, which surged 11.3% in the past 24 hours as Celestia launches mainnet beta, ushering in new era of modular blockchain ecosystem.

Celestia (TIA), launched on October 31, 2023, is a modular blockchain platform aimed at improving efficiency, scalability, and flexibility in the blockchain ecosystem. Unlike traditional blockchains that try to handle all functions, TIA specializes in data availability and consensus to optimize the performance of networks using Celestia. Yesterday, Celestia launched its Mainnet, becoming the first modular data availability network. The launch marks a new era of verifiability, collaboration, and scalability, enabling secure light nodes and improving data availability. The modular ecosystem is rapidly expanding with new frameworks and infrastructures. Despite its experimental nature, Celestia aims for milestones like 1GB blocks and 1 billion light nodes, which will help revolutionize blockchain speed and usability. 

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Talk of the Town:

The Starknet Foundation is rewarding early contributors to its Layer-2 blockchain network with 50 million STRK tokens, although these tokens are locked until April 2024. Established in November 2022 by its initial developer, StarkWare, the foundation aims to support the Starknet ecosystem, which is built on Ethereum to improve scalability and reduce costs. To acknowledge the community's role in development, the foundation launched the Early Community Member Program (ECMP) to reward those who have contributed to technical discussions, organized events, or created Starknet-focused content. The foundation holds 50.1% of the total 10 billion STRK tokens, and plans to distribute them through the ECMP to sustain the community. Starknet ranks sixth among Ethereum's Layer-2 networks with $137 million in locked deposits. The STRK token's release has been rescheduled from November 2023 to April 2024.