Celestia's network demonstrates resilience amid a sharp decline in TIA price, showcasing its ability to handle substantial data loads for rollups. According to the results published in the material, despite the market turbulence, the underlying infrastructure remains strong.
Price Drop of TIA
The price of TIA has plummeted to approximately $0.60, reflecting a significant downturn in the cryptocurrency market. However, this has not deterred the network's performance, as it successfully processed over 160 GB of data across 56 rollups in early January.
Network Performance and Future Outlook
This robust activity suggests that Celestia's network is well-positioned for a potential recovery phase. Analysts note that the selling pressure appears to be easing, which could pave the way for a rebound in TIA's value. As the network continues to thrive, stakeholders remain optimistic about its long-term prospects.
Amidst the challenges faced by Celestia's network, the recent introduction of Fibre, a groundbreaking data availability protocol, marks a significant advancement in blockchain technology. For more details, visit Fibre protocol.
