On November 12, Celestia published a long post saying its new architecture, Voyager, had achieved 21 million transfers per second. That day, TIA spiked to 0.48 intraday, then kept falling. It’s now around 0.366, down 13.6% in 24 hours and 38% over the past month.
I looked into where that figure came from: it was a single-node test that ran for 5 hours. The stress test bypassed the entry point, signature verification wasn’t included, and Voyager itself hasn’t gone live on mainnet yet. The benchmark is real, but it’s still a long way from “people are using it.”
Two things happened this week. A proposal surfaced at the November 7 forum: burn all blob base fees and require rollups to stake TIA in exchange for bandwidth. It sounds like a price backstop, but the amount to be staked and the staking period haven’t been decided. Meanwhile, after an incident involving Web3Auth, around $6 million was drained from 8 Cosmos chains through Keplr. Celestia was on the list too.
The bullish news is still just on paper, while the bearish news is cold, hard cash. When the broader market weakens, the market believes the latter first.
Do you think this burn + staking setup can bring TIA back?