Valuation frameworks for crypto assets

TIA Valuation

Celestia inherits the Smart Contract Platforms / L1s & L2s model set.

Static methodology preview. Live data pipeline planned. Not investment advice.
TIA L1s & L2s Static methodology preview

Celestia

Market cap: data pipeline not connected

Composite model-implied value

$31.3B Valuation gap 8%

Model Cards

The asset page uses the model set assigned to its asset class.

Fee economics

Fee Multiple

Capitalizes fee generation using explicit multiple assumptions.

Model-implied value method Applies a fee multiple range to annualized fees.

Core inputs

annualized feesfee multiplefee quality

Fees and tokenholder capture are separate questions.

Yield lens

Fee Yield

Frames fees relative to network value as a yield-like metric.

Model-implied value method Computes implied value from target fee yield assumptions.

Core inputs

annualized feestarget yieldnet capture

Yield language can overstate cash-flow similarity.

Capital base

TVL Multiple

Compares network value with capital held in protocols or applications.

Model-implied value method Applies a TVL multiple range to adjusted TVL.

Core inputs

TVLcapital qualitymultiple range

TVL is not revenue and may move quickly across chains.

Settlement activity

Stablecoin Settlement

Uses stablecoin supply and transfer activity as a settlement demand proxy.

Model-implied value method Applies a settlement multiple to stablecoin supply and throughput.

Core inputs

stablecoin supplytransfer volumeretention

Stablecoin activity can be application-specific and low margin.

Ecosystem value

App Capital

Maps the capital and fees of major applications back to the base network.

Model-implied value method Aggregates app capital and applies an ecosystem capture rate.

Core inputs

app valueapp feesbase-layer capture

Attribution between apps and base network is subjective.

Adoption

Network Effects

Links active users, developers, and capital depth to network value.

Model-implied value method Scores network depth and converts it into scenario weights.

Core inputs

active usersdeveloperscapital depthretention

Adoption quality matters more than raw activity counts.

Supply structure

Staking / Float Scarcity

Adjusts model value for staking participation and effective float.

Model-implied value method Applies float and staking adjustments to base model ranges.

Core inputs

staking ratioliquid floatunlock schedule

Staked supply can re-enter markets under stress.

Settlement layer

Ecosystem Settlement

Evaluates the asset as a settlement and collateral layer for ecosystem activity.

Model-implied value method Maps settlement activity to a network-value range.

Core inputs

settlement volumecollateral useapplication breadth

Requires distinguishing economic settlement from mechanical transfers.

Fundamentals Panel

Current fundamental fields are static methodology categories, not live data.

Data completeness 66/100
Method confidence 73/100
Tokenholder capture Partial
Fundamental evidence score 70/100
feesTVLstablecoin settlementstaking

Method Rating Panel

Confidence scores are class-level method ratings, not asset guidance.

High confidence

76/100

Fee and settlement evidence

Fees, stablecoin settlement, TVL, and staking create a workable multi-model base.

Medium confidence

61/100

Tokenholder capture

Value capture varies by fee policy, staking design, and layer architecture.

Scenario Simulator

A local assumption shell for scenario sensitivity.

Scenario sensitivity

Smart contract platform scenario

Model-implied FDV $120.0B

Static methodology preview. Changes here recompute a local scenario number only.

Source Trail

Planned data sources for the valuation architecture.

CoinGecko

price, market cap, FDV, supply, and volume

DefiLlama

TVL, fees, revenue, and DeFi volumes

Coin Metrics

BTC-style realized cap, MVRV, and network metrics

Dune or manual source trails

custom on-chain datasets and methodology notes

Static methodology preview. Live data pipeline planned. Not investment advice. The displayed model-implied value is an architecture test for assumption-led valuation.