Celestia, the data availability blockchain network, finally showed its strength with a 25% surge to a high of $7.30 this week, the best performance among the top 100 digital assets by market capitalization.
When TIA was first launched, it soared from less than two dollars to more than $21. Many people were so excited that they predicted that it would rise to more than $50. As a result, it began to fall for 5 months. Many people who bet on long positions were liquidated and lost all their money. I remember that when it fell to around 15 and went sideways, there was a person in the square whose liquidation price was 11 yuan, and he said fiercely that he would be liquidated if he had the guts. I wonder if that brother is okay now?
But to be honest, TIA still has some dry goods. As the world's first modular data availability blockchain network, Celestia separates consensus from execution, improving scalability. It is like a storage system for data used by rollups and second-layer networks, helping them to increase speed and process more transactions. Orderly Network is a permissionless liquidity layer and Web3 transaction infrastructure provider built on the Near blockchain. It uses Celestia to provide data availability. These functions as the second-layer network data availability layer mean that the rebound may be sustainable.