Newly-launched modular blockchain Celestia has experienced a slow start in terms of on-chain activity, but that hasn't reduced the appetite of traders who have spurred a speculative rally for its native TIA token to $6.30, 200% higher than when it debuted at around $2.10 two weeks ago. TIA's rise doesn't correlate to an uptick in blockchain usage; though the Celestia blockchain facilitated 350,000 transactions in the first two days following its launch, it has only added another 160,000 transactions since then, according to MintScan. By comparison, rival modular blockchain Arbitrum has averaged between 550,000 and 920,000 daily transactions over the past seven days, Arbiscan data shows.
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