An in-depth analysis of the Celestia core mechanism: what should the TIA estimate be given the modularization trend?

TIA TIA is Celestia's native token.

Fully diluted valuation (FDV): $6 billion Liquid Supply: $846 million (4.1%) The utility of the token includes:

1. Rollup/developers pay TIA for data distribution, determined by a fixed fee and a variable fee.

2. using TIA as Rollup's local GAS token

3. Governance

4. Pledge

In-depth analysis of Celestia's core mechanism: what should the TIA estimate be given the modularization trend?

A TIA investment means that users are betting that more Rollups and apps will use Celestia as their DA and consensus layer in the future, and that these will require a TIA to publish data.

Optimistically, as the demand for the DA layer grows, more pledgers will be attracted to pledge TIAs to participate in data processing, creating a stronger, more secure network.

With the development of Quantum Gravity Bridges and Cevmos, I think TIA is a specimen that can be held for the long term (HODL), and I would estimate that a market capitalization target of $2B+ seems reasonable.