Validators process transactions and receive fees from users (supply-side fees). DA costs for users are reflected in the transactions fees paid.

Celestia is a proof of stake blockchain optimized for data availability (DA). Celestia was founded by Mustafa Al-Bassam, etc. and launched in 2023.

TIA holders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue). Celestia's investors include Polychain Capital, Placeholder, Coinbase Ventures, etc.

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Celestia

# Celestia Token incentives Methodology

## 1. Overview

Token incentives for Celestia represents the daily USD value of TIA tokens distributed as block rewards to validators on the Celestia network. This metric captures the monetary incentives paid by the protocol to secure the network through block production rewards. The calculation extracts reward data from Celestia's coinbase events, converts the amounts from the native utia denomination to TIA tokens, and converts to USD using end-of-day price feeds.

## 2. Data sources

The calculation relies on the following raw data sources:

- **Celestia blockchain events**: Block-level event logs from the Celestia network containing coinbase reward events
- **Coinbase event data**: Specific event types that record validator rewards during block production, with JSON-formatted attributes containing reward amounts
- **Token metadata**: Celestia TIA token information including denomination details (utia to TIA conversion factor)
- **External price data**: End-of-day price feeds from CoinGecko for TIA token USD valuation
- **Chain availability data**: Celestia network operational status and data availability filters

## 3. Step-by-step calculation

### Component A: Block reward extraction
- **Purpose**: Extract raw block reward amounts from Celestia coinbase events
- **Logic**: The system processes Celestia block events and filters specifically for `coinbase` event types, which represent block rewards paid to validators. A custom JavaScript function parses the JSON-formatted event attributes to extract reward amounts. The system validates that rewards are denominated in `utia` (micro-TIA) by checking the currency suffix in the amount field. Only events with valid utia-denominated rewards are included in the calculation.
- **Key fields**: `block_timestamp` for daily aggregation, `block_height` as block identifier, `event_attributes` containing JSON reward data, and extracted `amount` values in utia denomination

### Component B: Unit conversion and daily aggregation
- **Purpose**: Convert utia amounts to TIA tokens and aggregate daily totals
- **Logic**: Raw reward amounts are extracted from the utia denomination and converted to TIA tokens by dividing by 1,000,000 (10^6), since utia represents micro-TIA units. Block timestamps are truncated to day boundaries to enable daily aggregation. All coinbase rewards within each day are summed to calculate total daily block rewards distributed to validators across the network.
- **Key fields**: `daily_timestamp` for time grouping, converted `token_incentives` amount in TIA units, `token_address` identifying the utia/TIA token

### Component C: USD conversion
- **Purpose**: Convert daily TIA reward totals to USD values
- **Logic**: The system applies Token Terminal's standard USD conversion methodology using CoinGecko price feeds. Daily TIA reward amounts are multiplied by the corresponding end-of-day TIA/USD exchange rate to calculate USD-denominated incentive values. The conversion uses the `coingecko_id` of 'celestia' to match against price feed data.
- **Key fields**: `token_incentives` in USD after conversion, maintaining `daily_timestamp` and other metadata fields

### Final aggregation
- **Combining components**: The USD-converted daily rewards flow through Token Terminal's finalization process which standardizes the schema and ensures data quality
- **Currency conversion**: USD conversion occurs using end-of-day CoinGecko price feeds matched to the Celestia token
- **Time aggregation**: Daily boundaries are established by truncating block timestamps to day granularity, with all rewards within each 24-hour period summed together
- **Final calculation**: The final metric represents the sum of all coinbase rewards (converted from utia to TIA by dividing by 1,000,000) multiplied by the end-of-day TIA/USD exchange rate, aggregated daily and processed through Token Terminal's standard metric finalization pipeline with zero-filling for missing data periods

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

CelestiaTIA

Token incentives

Token incentives

Competitive landscape