Demex Daily #45: $TIA Celestia Mainnet and Token Trading Launching

What’s Interesting Today:

The mainnet for Celestia, a blockchain network with a modular design aimed at easing the development of new blockchains, is scheduled to go live tomorrow. KuCoin and Bybit will start offering trading options for Celestia's native token, TIA, around 10 a.m. EST, using the USDT stablecoin as a pair. Binance is also set to list TIA, with trading anticipated to commence at 12 p.m. EST. An airdrop of 60 million tokens is planned for users active on Ethereum's Layer 2s, as well as for stakers on Cosmos Hub, Osmosis, and other crypto developers. This airdrop represents 6% of the 1 billion tokens that will be created on the network. Celestia recently secured $55 million in a funding round led by Bain Capital and Polychain, achieving a valuation exceeding $1 billion.

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Uniswap DAO, a key entity in the DeFi sector, has signaled strong support for a $12 million investment in Ekubo, a decentralized exchange on Ethereum's Starknet. The investment would be made using 3 million UNI tokens in exchange for a 20% stake in Ekubo's future governance token. A preliminary vote showed that 63% of participating tokens favored the proposal. Ekubo currently has $2.6 million in total value locked and has been growing steadily. If approved, the investment will fund Ekubo's operations and benefit the Uniswap protocol. Despite the support, some in the Uniswap community have raised concerns about governance and valuation.