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Celestia - Does it Make Cents?

Jan 19, 2024Ā ā‹…Ā  8 min read

With a market cap of $18 billion, Celestia is now among the top 10 largest crypto assets by fully diluted market cap. While the network generates low fees, it is not unexpected as it is still very new. Additionally, Celestia fees and blobspace demand will grow as more rollups launch. Celestia TIA is responsible for providing security to its ecosystem. Therefore, the rollups demand for security adds value to TIA. The value of future airdrop for TIA stakers may be in the range of $0.8-$1.6, generating additional yield of 4-9%.

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Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Dustin was previously the Enterprise research director at Messari. He has a broad focus across crypto with a particular interest in AI x Crypto, Consumer financialization, DeFi, and general infrastructure.

Mentioned in this report

About the authors

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Dustin was previously the Enterprise research director at Messari. He has a broad focus across crypto with a particular interest in AI x Crypto, Consumer financialization, DeFi, and general infrastructure.

Mentioned in this report