- Messari analysts highlight strides on Celestia and potential growth drivers.
- Rollup blockchains on the network are expected to be the primary fee drivers.
- The analysts said the market is pricing Celestia for high growth, and it may deliver on its expectations.
Amidst a sporadic rise that sent TIA to a new all-time high, analysts at cryptocurrency research firm Messari suggest Celestia Network may see further growth as activities and projects on the platform increase.
In a post on social media platform X (formerly Twitter), Messari senior research analyst Kunal Goel explained the factors that have spurred growth on the network. Firstly, Goel highlighted that Celestia has very low fees compared to networks offering similar services. However, the analyst stated that the primary fee drivers will be layer-2 rollup blockchains on Celestia.
However, the analysts argue that the demand for security is much more relevant for Celestia than its fees. Already, the analysts noted that the demand for security on the blockchain is high, driven mainly by activities on the Manta Network.
So far, Manta is th…
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