The modular narrative may be the fundamental value supporting Celestia, but the recent crazy investment sentiment surrounding TIA is more likely to stem from its "golden shovel" attribute - in other words, in the eyes of many users who are buying TIA , what I purchased was not just the TIA token, but also the additional income that may be airdropped to the TIA staking group in the future.
TIA staking craze
In the past period of time, multiple Cosmos ecological projects, including Dymension, Saga, etc., have officially announced referendum plans, and have invariably included TIA's pledged users in the scope of the proposed airdrop; in addition to the above-mentioned airdrop allocation, there are also There are many non-Cosmos ecosystem projects such as Manta, Movement, and U Protocol that use Celestia's data availability (DA) solution. There are also rumors (some of which have been officially announced) that they intend to airdrop TIA stakers.
As for the value of these potential airdrops, we can take a quick look at Dymension, which has already launched pre-lanuch contract trading on Aevo.
The airdrop rule of Dymension is that staking 1 TIA can get an airdrop reward of 205 DYM, and DYM is currently quoted at around $4 on Aevo, which means that staking a TIA with a dozen dollars can get at least hundreds of dollars of additional DYM airdrop income on the Dymension project alone. The reason why "at least" is emphasized is that Dymension has announced that it will distribute the airdrop shares belonging to unclaimed addresses to approved addresses, and will focus on large TIA and ATOM pledgers, so it is expected that the actual income that TIA pledgers can obtain after the Dymension airdrop ends will be further increased.
Odaily Planet Daily Note: The pre-lanuch contracts on Aevo have large fluctuations and small trading volumes. They have certain reference significance, but cannot fully represent the real market price after TGE.
With such impressive profit expectations, a large number of users have begun to choose to purchase and pledge TIA.
Smart Stake data shows that the current staking rate of TIA has reached 48%. Considering that it has only been more than two months since the creation of TIA, this figure is already quite impressive, even exceeding many old PoS networks (such as 35% of Polygon and 34% of Harmony); at the same time, the number of independent addresses staking TIA is also growing rapidly, exceeding 300,000 as of January 14. The two data clearly show the current enthusiasm of TIA holders for staking.
In order to gain more potential airdrops, some TIA holders have even begun to try to stake by address. However, this approach obviously has both advantages and disadvantages. The advantage is that there is a chance to get more "low-income income", but at the same time, as the scale of TIA staking expands, there is also a risk of being screened out due to the staking threshold.
As for whether it is still possible to continue purchasing TIA, we cannot predict the trend of the secondary market, but based on the general staking rates of mainstream tokens in the Cosmos ecosystem (SEI 68%, ATOM 64.9%, OSMO 55.3%), the staking scale of TIA seems to still have room for growth.
The Cosmos ecosystem is collectively “shoveled”
In addition to TIA, in fact, the mainstream project tokens in the entire Cosmos ecosystem have recently shown a trend of "shovelization". However, compared to Celestia, which can cover a wider range of ecosystems through DA solutions (such as other ecological Rollups that use Celestia DA), the potential benefits that can be "mined" by other project tokens are still concentrated on the projects to be launched in the Cosmos ecosystem.
Among the many mainstream tokens in the Cosmos ecosystem, for now, Cosmos’ own token ATOM and the token OSMO of the ecosystem liquidity hub Osmosis have the strongest “shovel” attributes. Although the former has been criticized for its insufficient value capture ability, it is still the token with the strongest consensus in the ecosystem, and the latter is the initial liquidity gathering place after the launch of new coins in the ecosystem. Therefore, for the newly launched Cosmos ecosystem projects, it is not difficult to understand why they choose to regard the staking groups of ATOM and OSMO as potential community users.
In the past few months alone, Celestia, Namada, Dymension, and Saga have officially announced airdrops to ATOM and/or OSMO stakers. Considering that a large number of projects such as Berachain, Nibiru, and Penumbra will be launched in the Cosmos ecosystem in the next period of time, the Cosmos ecosystem may usher in a round of airdrop craze.
The appeal of the wealth effect cannot be underestimated. Although the airdrop strategy is a bit simple and crude, it may be the key to opening up a new situation for the Cosmos ecosystem.
