Airdrops are being given to Celestia stakers by new cryptocurrency ventures. This is the reason

Two upcoming airdrops will be available to stragglers on Celestia, a new modular data availability network. One of them works for Saga, a scalable platform that allows companies to construct specialized blockchains. Saga considers Celestia to be an important partner. Co-founder and CEO of Saga Rebecca Liao told DL News, "Celestia is one of our earliest partners," and the it has been offering automatic rollups on Celestia for about a year. “The most loyal Celestia community members are those who received their TIA and then staked it immediately, so our airdrop is targeted towards those stakers,” Liao stated. This illustrates an increasing trend of companies deciding to airdrop tokens to people helping protect the Celestia network through staking.

1. The community of Celestia is increasingly being targeted by airdrops from other blockchain-modular projects.
2. Certain users become qualified for one of the future airdrops by staking as little as one TIA.
3. As more projects employ Celestia as their data availability layer, this tendency might continue.
4. 
   

This year is poised to be significant for airdrops, with titans such as interoperability protocol LayerZero already confirming a token distribution in the first quarter of the year. Jito, a Solana liquid staking platform, generated a lot of attention in airdrops last month when it gave early adopters access to at least $20,000 worth of its JTO governance token each. Stakeholders in Celestia rise Since the beginning of the year, several projects have also announced airdrops for Celestia stakers, not just Saga. Announcing an airdrop of its soon-to-be-launched DYM coin, Dymension is a network enabling the simple deployment of application-specific blockchains. It was founded on January 2. Twenty million of the seventy million DYM reserved for the airdrop will go to customers who placed bets at least 1 TIA
Saga made its own announcement two days later, mentioning more than 27,000 users who have staked at least 23 TIA by December 1, 2023. How many SAGA tokens Saga will give out for the airdrop is still a mystery. The airdrops' ultimate value is still unknown because the DYM and SAGA coins have not yet released and cannot be traded. The token trades for about $4.70 on the futures trading site Aevo, which already allows users to wager on the price of DYM. In response to these airdrop announcements, more DeFi users have started staking TIA in hopes of getting future airdrops.
There were roughly 124,000 distinct stakers on the day of the DYM airdrop announcement. To date, there are approximately 186,000 unique stakers—a rise of more than 50%. Validators now stake 483 million TIA, or 48% of the total circulating supply, up from 480 million on January 2. Designed to provide a scalable base for layer 2 blockchains, Celestia is a modular data availability network.Developers can now establish a blockchain without requiring their own validator network by using Celestia's, saving them the trouble of bootstrapping their own. While other blockchains handle the transaction execution, Celestia concentrates on data storage and ordering for maximum efficiency.


Stakeholders in Celestia are essential to this ecosystem because they safeguard not only the network itself but also the networks that depend on Celestia for data availability.
An analogous picture of a modular future RollApps, as Dymension refers to its specialized blockchains, are simply deployed by developers. Additionally, Saga is simplifying the deployment of separate blockchains, or Chainlets, for developers. Their impending airdrops were aimed squarely at the Celestia community, who shared a similar vision of a modular future. Other communities, such ATOM stakers, were also included in both airdrops as they underlie the Cosmos appchain ecosystem, of which Celestia is a part. Projects like MilkyWay, a liquid staking protocol for Celestia stakers, seem to have benefited from this tendency of rewarding the community of Celestia staking participants. Its total locked value has increased from $8.5 million to more than $19 million after the DYM airdrop announcement.
There will soon be more airdrops. For nascent cryptocurrency projects, airdrops have shown to be an excellent marketing strategy that can aid in decentralization and community building. Later in 2024, highly anticipated projects that also rely on Celestia's architecture are scheduled to launch, including Monad, Berachain, and Manta. Because of this, a lot of Celestia stakeholders are hoping that these initiatives will also give them airdrops. However, there are indications that certain stakeholders might be attempting to exploit the circumstances. The average staked amount per user has decreased in tandem with the recent increase in Celestia stakers.