Celestia (TIA) Coin, one of the best-performing cryptocurrencies this week, reached an all-time high today following the announcement of a new integration with Polygon. But what does this move mean?
While the BTCC price drops below $41,000, TIA Coin continues the day with an 18% increase over $12. The rapid price increase from $2 to $12 was exciting, and those who sold early during the airdrop period are certainly regretting it.
Celestia is integrating Polygon Labs’ network development kit to open up a data accessibility layer for more layer2 solutions. Thanks to this integration, networks using OKX, Immutable, Astar, IDEX, Palm Network, and the Polygon Code Library (CDK) will be able to benefit from DA capabilities.
Layer2 networks developed on Polygon’s CDK use ZK (zero-knowledge proof) technology. These networks collect data off-chain and send it to the main blockchains in batches. The lack of a customized execution environment for Ethereum‘s DA layer in layer2 solutions presents many challenges. At this point, Celestia’s data solution eliminates the problem.
In summary, technical developments and increasing support, with the collaboration between Polygon and Celestia, could be supportive for token prices in the upcoming period by offering more use cases.