The TIA cryptocurrency, owned by the Celestia blockchain network, rose 25% to $7.30 in a week, showing the best result among the top 100 digital assets by market capitalization.

However, traders continue to bet on the fall by selling perpetual TIA futures. Average funding rates on exchanges turned negative over the weekend and have since fallen to -0.1231%, reaching levels last seen in January.

Despite the price increase, traders may be underestimating Celestia's role as a data availability layer for second-layer networks such as the Orderly Network, which could make the price increase sustainable.

The Celestia Network, a modular blockchain, decouples consensus from execution, increasing scalability. Orderly Network uses Celestia for data availability. On July 5, Orderly Network trading volume reached a record $6.2 billion.

Also, a shift towards short positions may stimulate further price growth.