MilkyWay is a platform designed to become the de facto staking infrastructure for rollups powered by Celestia’s DA layer. With a $5 million seed round in hand—closed in April 2024—it’s positioned for a major leap. Binance Labs and Polychain Capital are both participating in the funding round. This investment will accelerate the development of the platform and its eventual expansion across the broader Celestia ecosystem. MilkyWay sets itself apart with its modular-first design, a built-in restaking module, and an overall architecture native to Celestia. The platform’s native token, MILK, will be central to its destiny. Analysts believe that post TGE, it may hit its true value somewhere around the price of $0.10 and $0.30. MilkyWay is preparing itself for phase two. Its success will largely hinge on whether it can continue attracting TVL, deepening DeFi integrations, and increasing long-term liquidity.
Seed Funding and Platform Goals
Future MilkyWay’s seed funding of $5 million in April 2024 was a landmark event for the platform. Through this financial support, led by Binance Labs and Polychain Capital, this ongoing commitment proves the confidence investors have in MilkyWay’s vision. The firm’s staking infrastructure will become the default for all rollups that use Celestia’s Data Availability layer, the company added.
This is an ambitious goal, but it is certainly achievable. MilkyWay’s innovative approach combined with the increasing demand for efficient staking solutions in the modular blockchain space creates the perfect opportunity for success. This funding will accelerate the development of the platform. It will further increase its strategic alliance partnerships and community engagement efforts, all with the goal of deepening its roots in the Celestia ecosystem.
MilkyWay’s exclusive focus on rollups using Celestia’s DA layer is a smart choice, cutting deep into a burgeoning market segment. MilkyWay is building a frictionless and safe infrastructure for staking. This winning initiative accelerates adoption and makes Celestia’s modular blockchain framework more useful overall.
Core Technology and Design
MilkyWay’s architecture is centered on a modular-first approach, enabling it to be flexible and easily adaptable as the Celestia ecosystem grows. This modularity helps the platform to integrate easily with other innovative new features and services. As a result, it remains on the cutting edge of innovation. This new design allows for quicker upgrades and maintenance, minimizing interruptions with the flow without sacrificing usability, improving the overall experience.
A hallmark of MilkyWay’s technology is its unique built-in restaking module. This module enables users to restake their TIA tokens into additional security services across the Celestia ecosystem. In doing so, they’d receive further rewards, all while helping to materially improve the network’s security. This feature both deepens the utility of TIA tokens and incentivizes users to engage and promote a robust Celestia ecosystem.
MilkyWay enhances its efficacy even further by directly leveraging Celestia’s Data Availability layer as well as modular execution layers. This method ensures immediate ease of use within the Celestia ecosystem. This native integration creates a powerful combination for seamless data processing and secure transaction handling. Consequently, it provides a secure and proven staking infrastructure for rollups.
MILK Tokenomics and Valuation
The MILK token, which has a max supply of about 1 billion tokens, is the core of the MilkyWay ecosystem. Out of these, 100 million MILK tokens (10% of the total supply) were airdropped Community airdrop tokens. This specific airdrop was aimed to encourage early adoption and reward the most active users in the ecosystem of MilkyWay.
Analysts have established a reasonable price target for MILK at $0.10 to $0.30. This high valuation comes thanks to many factors, including the platform's unique technology, promising market potential, and comparable projects like KernelDAO. Therefore, if MILK launches at ~0.10, it is massively undervalued and would be a great position for investors.
A valuation of ~$0.20 would still be higher but within reason, assuming MilkyWay is able to draw in strong liquidity inflows. The token's price will likely be influenced by the platform's ability to demonstrate its value and attract users. The success of MILK may be dependent on MilkyWay’s success in boosting TVL, adding DeFi integrations, and raising liquidity.
Challenges and Future Growth
Though its technology is innovative and the funding politically strategic, MilkyWay is not without its hurdles. The platform has fewer than $10 million TIA currently staked on the platform. That figure works out to about 58.5 million tokens, at TIA’s current price of about $2.94. Growing this TVL is an important milestone that MilkyWay would achieve in order to realize its goal to become a top-tier decentralized staking infrastructure provider.
In order to ensure sustainable long-term growth, MilkyWay needs to demonstrate its utility and value to the Celestia ecosystem. The war against other networks to attract more stakers is a very high priority. We’re focused on increasing our DeFi integrations and increasing the MILK token’s overall liquidity. How the platform is able to execute on these means will set them apart in the race to be the leading modular blockchain.
If MilkyWay were to launch at a much smaller valuation, its FDV would be in the range of $100-300 million. This situation is viewed as the most conservative of all and as a lower-bound estimate. A lower valuation makes it easier to attract your first outside investment. It also means the platform is now under even greater pressure to realize massive growth and generate value in the long term.
