Crypto News

Celestia Achieves New All-Time High At $17.23 Following Raas Deployment

In the past 24 hours, Celestia’s native token, $TIA, surged from a low of $14.68 to hit an all-time high (ATH) at $17.23, currently experiencing a slight dip to $15.46 at press time.

Despite this minor decline, Celestia has exhibited remarkable growth, boasting a weekly chart increase of over 28%. The surge coincides with the announcement of Celestia’s capability to provide “Rollups-as-a-Service” (RaaS), leveraging Celestia as its foundational blockchain platform. The official announcement was made via their Twitter account.

How RaaS Will Simplify Deployment Of High-throughput Blockchains

Rollups-as-a-Service platforms simplify the deployment of high-throughput blockchains, offering a user-friendly approach comparable to deploying a smart contract. While Celestia allows permissionless deployment, RaaS providers enhance the user experience by providing builders with one-click deploy functionality, high-uptime sequencing, and full provisioning, including block explorers and account abstraction.

Notably, the RaaS offering by Celestia already supports various Ethereum rollup frameworks, including Arbitrum Orbit, Optimism OP Stack, and 0xPolygonLabs CDK. CelestiaOrg’s modular decentralized application (DA) is integrated out-of-the-box, ensuring compatibility and ease of use for builders.

Celestia’s recent ATH is indicative of heightened investor confidence and market enthusiasm following the introduction of its innovative Rollups-as-a-Service. 

As blockchain platforms continue to evolve, Celestia positions itself at the forefront, providing accessible solutions for developers and contributing to the broader advancements in the decentralized ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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