Celestia’s TIA coin gained more than 22% over the last 24 hours. This is bucking a largely muted market trend as investor interest in staking TIA grew along with the hype surrounding the blockchain technology.

TIA was trading at under $17 during the early morning Asian hours on Friday, before reversing some of its gains. data shows that it recorded a trading volume of nearly $800,000,000 in the last 24 hours. This is its highest ever.

Staking is the act of locking coins into a cryptocurrency network for rewards. Users can earn between 15% and 17% per year, minus fees, by using TIA with native platforms. Demand for the cryptocurrency is reportedly driven by its unusually high return compared to the 4% risk-free rate offered by the U.S. Treasury 10-year note. The market capitalization for TIA was just under $2 billion on Friday. This means that as the valuations grow in a bull-market, participants can make money both from the inflated rewards and their initial staked capital.

You can also expect future airdrops from projects that are building on the Celestia Blockchain.

Earlier this past week, the multi-layer blockchain protocol Dymension distributed its DYM to a variety of market participants including TIA holders. The outsized value of the airdropped tokens could mean that participants can make large gains by staking TIA in a bull market.

Airdrops are the uninvited distribution of tokens by blockchain users who usually participate in network-related activities, or use native applications.

“Modular Era”

Celestia, a so-called modular blockchain, launched its mainnet beta in Octobre and distributed TIA tokens for an estimated 580,000 users. Initial trading began at $2.30, on exchanges like Binance and OKX.

Modular blockchains solve scaling issues using specific channels to speed up and execute, as opposed to monolithic chains, which scale at the cost of security or decentralization.

Celestia uses Data Availability Sampling (DAS), which is a method of verifying the data on a blockchain. This combination, it is claimed, will help speed up data transfer.

In a blog entry at the time, the Celestia Foundation – which supported the development of the network – wrote: “It is the beginning of a new age.” “The modular age.”

In crypto circles, the term has gained popularity – is almost a meme. “The future is module,” say several posts from X in the last 24 hours.

These narratives are often the driving force behind massive gains in the cryptomarket for early investors.

A memecoin frenzy in November yielded hundreds and thousands of dollars in profits for part-time investors. Metis saw an inflow of more than $50 million over the past few weeks, as a upcoming grant generated hype among users.