TIA Price Surge Continues as Celestia Rolls Out Ginger Network Upgrade

• Celestia’s Ginger upgrade, launching soon, will double transaction speed by reducing block times and improve scalability, enhancing TIA’s appeal.
• Technical enhancements, like the new congestion control and streamlined transaction validation, boost network prospects and drive bullish sentiment for TIA’s price.

As shared in a recent blog post introducing the Ginger upgrade, Celestia’s first consensus update, the Lemongrass upgrade, was deployed to Mainnet Beta in September. As predicted in a recent update by CNF, TIA previously faced a significant token unlock on October 31, which could create supply concerns without matching demand growth.

The upcoming Ginger upgrade, or celestia-app v3, will be the network’s second major enhancement, scheduled for November 2024. Ginger will reduce block times from 12 seconds to 6, effectively doubling transaction speed and improving finality, offering users and developers faster processing capabilities.

Alongside its speed improvements, Ginger will introduce a 2 MiB transaction size cap and set a block limit of 600 PayForBlob (PFB) messages and 200 non-PFB messages, providing a structured path to support future scalability.

At the time of writing, Celestia (TIA) is trading at $6.21, with an increase of 4.97% in the past day and a decrease of 0.45% in the past week.

Source: TradingView

however, initially launching at Arabica height 2348907, Ginger will transition to the Mocha testnet before full integration into the mainnet in December. There’s also potential for further expansion, with community governance possibly increasing block sizes to 8 MB in future updates to accommodate the larger data needs of the community.

Technical Enhancements Boost Network Prospects

The Ginger upgrade will also include a shift to Bottleneck Bandwidth and Round-trip (BBR) congestion control, aimed at enhancing throughput for high-volume peer-to-peer transactions. In addition, CIP-21 will streamline transaction validation for rollups by introducing blob types with verified signers, further reducing processing time and increasing throughput.

These advancements, paired with recent funding support, have contributed to a 6% increase in TIA’s value to $6.06, approaching resistance at $6.5. Optimism for Celestia’s network enhancements continues to grow, with market analysts forecasting TIA could potentially reach $10, underscoring a promising path forward for Celestia’s resilience and growth.