MilkyWay (MILK) is a liquid staking protocol designed for Celestia, a specialized modular blockchain focusing on Data Availability. Although the project has not yet disclosed detailed tokenomics, the team recently announced an airdrop of 100 million MILK tokens (equivalent to 10% of the total supply) for the community. In the absence of comprehensive information regarding the distribution mechanism, price analysis relies heavily on the fully diluted valuation (FDV), which assumes the complete supply and examines various price scenarios.
The operational mechanism of MilkyWay involves allowing users to stake TIA and receive milkTIA, a liquid staking token (LST) usable across different DeFi applications. Users have the flexibility to trade milkTIA, utilize it as liquidity, or reinvest it. The core technology framework of MilkyWay encompasses features like a built-in Restaking Module, Validator Abstraction, Celestia-Native Architecture, and Modular-First Design, providing a seamless integration into the modular stack.
To date, MilkyWay has secured approximately $6 million through its funding rounds, with the Seed round in April 2024 raising $5 million and attracting investments from entities such as Binance Labs, Polychain Capital, HackVC, LongHash, and Crypto.com Capital. Although the official tokenomics of MilkyWay have not been disclosed, based on the announced airdrop of 100 million MILK tokens, it is estimated that the maximum supply would be around 1 billion tokens. Assets staked and restaked through the platform have reached around $172 million, with TIA currently valued at approximately $2.94.
Price analysis based on FDV scenarios predicts that MILK’s price could range between $0.10 and $0.30 (FDV of $100–300 million), assuming a stable market environment. MilkyWay must focus on increasing TVL, expanding DeFi integrations, and enhancing liquidity to establish its value in the long run and outperform competing solutions.