Celestia Price Soars 14% After $100M Fundraising for Scalability
Celestia's price surged 14% after raising $100 million to boost its blockchain scalability. This brings the project's total funding to $155 million, backed by firms like Bain Capital Crypto and Placeholder. Celestia aims to overcome traditional blockchain limitations by scaling data throughput to 1-gigabyte blocks, potentially surpassing networks like Visa.
The recent Lemongrass update, which added cross-chain features, also fueled the price jump. TIA has risen 34% over the past week, with investors eyeing a $10 milestone. Celestiaâs chairman highlighted their progress, moving from "dial-up" to the "fiber optic" era of blockchain scalability.
