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In September, venture capital firms invested a total of $659 million in crypto startups, representing a 3% increase from August.
The largest token unlock of the month belongs to Celestia, which will unlock 175.56 million TIA tokens on October 30.
The release of Celestia’s $1.1B tokens is just one part of the massive token unlock wave coming in October.
In the past 24 hours, Celestia (TIA) price rallied over 13 percent to trade about $6.29 on Monday, thus initiating a fresh macro bull run.
The current wave of liquidations has sent shockwaves through the entire crypto community, with many traders reassessing their risk management strategies.
Celestia (TIA) is the first modular blockchain network that enables anyone to easily deploy their own blockchain with minimal overhead. Celestia scales by rethinking blockchain architecture from the ground up. It is a minimal blockchain that decouples execution from consensus by introducing a new primitive, data availability sampling. Since Celestia does not impose any execution or settlement constraints, developers are free to define their own execution and settlement environments. This unlocks new, unrealized possibilities for builders and developers.
Celestia is a departure from the status quo of monolithic blockchains. Monolithic blockchains face scaling difficulties because they perform all core functions of a blockchain such as processing transactions, ensuring that transactions are correct, and getting network nodes to agree on both the validity and ordering of transactions. Modular blockchains introduced the notion of decoupling consensus from the execution of transactions, thus achieving greater scalability without loss of security or decentralisation.
A modular approach to blockchains opens up a world of new possibilities. Experimentation becomes much easier as new application specific or general purpose blockchains can deploy to Celestia and immediately inherit security from Celestia’s validator set. Modular blockchains enable control over the rules of an application through sovereignty because developers can make alterations to the tech stack without permission from outside applications.
IBM, Alibaba, Berkshire Hathaway, Facebook and Coca-Cola. They all come from different industries, but they all have something in common – they all known as “blue-chip” companies.
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