Celestia: Market Dip Leaves TIA Investors 16% In The Red

With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to CoinGecko, TIA, Celestia’s native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs.

Despite its native token’s downward trajectory, Celestia continues to innovate, keeping the bullish narrative alive. The question is if it is enough for a recovery of TIA in the long term. 

Zaar Announces Sudoswap Launch On The Platform

Zaar, an NFT-focused organization, recently posted that SudoSwap, an automated market maker protocol specifically built for NFTs, will launch on its native blockchain as soon as it launches its mainnet. The Zaar blockchain is built on Initia using the toolkit of Celestia. Although the latter is in a background role for the project, it still shows that the broader crypto community still regards Celestia as reliable. 

We’re excited to announce that @sudoswap will be launching on Zaar Chain on Day 1 along with our mainnet.

We’re excited to be powering the first NFT marketplace on @initiaFDN with @CelestiaOrg underneath.

Study The Fun Network.