- Story ($IP) surges to $6.70 as its blockchain-based IP management gains traction, with a $1.67B market cap and $2.48B daily trading volume.
- Quant (QNT) jumps 33.50% to $106.71, driven by Overledger’s blockchain interoperability and rising developer adoption of MApps.
- Celestia (TIA) hits $3.73, soaring 74.13% in trading volume as its modular blockchain model reshapes scalability and execution efficiency.
The crypto market is buzzing as multiple altcoins hit fresh all-time highs today. Story ($IP), Quant (QNT), and Celestia (TIA) are leading the rally, fueled by groundbreaking developments in blockchain IP management, interoperability, and modular architecture. Here’s what’s driving their explosive growth
Story ($IP) Facilitates Intellectual Property Management on Blockchain
Source: Coinmarketcap
Story, a Layer 1 blockchain designed for intellectual property (IP) management, is gaining traction in the market. The platform enables creators to register, license, and monetize their IP assets efficiently. Utilizing blockchain technology, Story offers a transparent and secure framework for IP attribution and commercialization.
The native utility token, $IP, is central to Story’s ecosystem. It is used for transaction fees, IP registration, licensing, governance participation, network security, and royalty distribution. The platform’s key tools include Story Explorer, StoryKit, IP Hub, Licensing Module, and a Dispute Module to streamline the IP registration and licensing process.
The total supply of Story tokens amounts to 1 billion $IP while the planned initial distribution equals 250 million units. After the Token Generation Event the project continues discussions with major exchanges Coinbase and OKX to secure post-TGE listing opportunities scheduled for February 2025. The current market valuation of $IP stands at $1.67 billion with a price of $6.70 while its daily trading volume reaches $2.48 billion.
Quant (QNT) Enhances Blockchain Interoperability
Source: Coinmarketcap
Quant has developed Overledger Network to manage the integration of different blockchains for efficient cross-chain operations. Overledger supports the building of decentralized multi-chain applications(MApps) which enable developers to develop solutions across various blockchain environments.
Through the Quant App Store developers gain visibility into transactions across multiple networks while creating smart contracts automatically for blockchains including Bitcoin that do not natively support this functionality. The project works to unite blockchains through security measures and efficient operation.
The market capitalization of QNT stands at $1.28 billion following its current trading price of $106.71. The 24-hour trading activity exceeded $81.16 million at the same time while experiencing a 33.50% surge.
Celestia (TIA) Introduces Modular Blockchain Architecture
Source: Coinmarketcap
Celestia, a modular blockchain network is transforming the blockchain landscape by decoupling consensus from execution. This approach enhances scalability and flexibility, allowing developers to deploy blockchains with minimal overhead. Celestia’s model enables applications to inherit security from its validator set while maintaining control over their execution environments.
Currently, TIA is priced at $3.73 with a market capitalization of $2.02 billion. Its 24-hour trading volume has increased significantly, reaching $234.32 million, a 74.13% rise.
