Polygon Announces Celestial Merger: TIA Price Increases to All-Time Highs
Polygon, Ethereum's scalable platform, has revealed plans to integrate its decentralized data infrastructure, Celestia, into a modular blockchain construction toolkit. The move aims to streamline the provision of information to developers starting new chains using Polygon technology.
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Polygon announced plans to integrate Celestian's data solution into its build kit to build new chains.Celestia's TIA token rose to a record high of $13.1 following the announcement. The co-founder compares blockchain adoption to the advent of broadband internet, with TIA seeing more than 400% growth in value since its inception, with a current market cap of more than $1.5 billion.
In announcing a major increase in Celestia's TIA management token, Polygon said that adding support for Celestia will create “broadband time for Web3.” Chains built with Polygon tools can work more efficiently by offloading network data storage and authentication to Celestia.
Since its launch on the mainnet in October, Celestia has quickly gained attention as a cost-effective data delivery solution for Lab 2 networks. A unique modular architecture separates data and execution layers, increasing scalability and flexibility.
Integrating Celestia allows developers to access these benefits when building both package and legal chains with Polygon's Chain Development Kit (CDK). Polygon founder Sandeep Nilwal compared the potential of the merger to the advent of high-speed broadband internet.
“The ability to easily deploy a high-speed ZK-powered Ethereum Layer 2 as a smart contract is what made blockchain adoption a high-speed fiber for Web 2 applications,” Nilwal said.
Nailwal Celestia demonstrates that even basic smart contracts can be easily deployed by reducing the complexity of the underlying blockchain components.
The plan to include Celestian comes as Ethereum itself continues to make native data availability improvements to help scale bundles. Despite ongoing challenges with congestion, optimistic changes still depend on Ethereum's infrastructure.
Independent data vendors such as Celestia, Eigenlayer and Avail have emerged to offer customized data solutions tailored to Layer 2 needs. Polygon says the module CDK will retain the flexibility to support additional vendors as the landscape evolves.
