Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with the highest standards of clarity and precision. With this mission in mind, we are proud to share our October edition of Movers and Shakers, the monthly resource aiming to bring more transparency and credibility to the rapidly evolving crypto space.
As new assets reach a certain degree of accessibility to investors, specifically as they achieve alignment with our Market Selection Framework and the Trusted Volume Framework, Coin Metrics uses its crypto expertise to describe the assets’ context of use. The following assets are expected to reach alignment this month:
Celestia (TIA) is a blockchain network built using the Cosmos SDK that offers a modular solution to increasing scalability and decreasing costs to secure a network. Celestia separates the execution layer from the consensus layer and focuses on data availability sampling to support scalability. Celestia’s data availability sampling (DAS) enables light nodes to sample multiple instances of block data to ensure it is available on-chain without downloading the entire chain’s data. This provides low barriers to entry for users to participate in securing the network and build confidence that full nodes are accurately validating blocks. Developers can host their own blockchains and rollups while using Celestia’s data availability layer to decrease posting transaction data costs. The network supports multiple virtual machines for developers to deploy code without major code revisions, creating a smoother integration experience. TIA tokens are paid and staked by developers for blobspace when deploying blockchains and independent rollups. TIA can be used to pay gas fees on rollups and staked with Celestia validators to secure the network. Users can also participate in on-chain governance proposals to improve the Celestia network with TIA tokens.
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