what's celo?
Celo is a mobile-first, EVM-compatible blockchain platform focused on enabling fast, low-cost payments and promoting financial inclusion for the billions of mobile phone users worldwide. Originally launched as a standalone Layer 1 on Earth Day 2020, it transitioned to an Ethereum Layer 2 in March 2025 to leverage Ethereum's security and scalability while powering DeFi applications and stablecoin ecosystems. Key features include native stablecoins like cUSD, cEUR, and cREAL, which are backed by diversified reserves and facilitate seamless, sub-cent fee transactions without needing native gas tokens. The platform supports over 500 million on-chain transactions to date, with strong adoption in emerging markets through integrations like USDT and partnerships for real-world payments. Celo's architecture emphasizes accessibility, allowing users to pay gas fees in stablecoins and enabling easy onboarding via phone numbers or biometrics. Its governance and utility token, CELO, secures the network through proof-of-stake and enables community-driven development.
ERC-7715 advanced permissions went live; Q1 2026 saw record transactions and low costs.
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celo
ERC-7715 advanced permissions for MetaMask apps and agents went live on the network.
Reached Q1 2026 all-time high in quarterly transactions, with costs near all-time lows.
Included in Grayscale's Q2 2026 Assets Under Consideration list for future investment products.
Launched Buy CELO Mini App on MiniPay for 14 million+ users, powered by Squid Router.
Listed on L2BEAT Interop page on April 7, 2026, which shows bridge flows across chains.
Carbon DeFi launched stable-to-stable rewards program on Celo network, with 36% APR on USDm/USDGLO pairs.
CeloDevs returns Proof of Ship monthly builder program on April 1, 2026.
Tether launched USAT stablecoin on Celo, its first chain beyond Ethereum, with Google Cloud providing infrastructure support.
Featured in CoinMarketCap DexScan's new Holders Data support announcement alongside Optimism, Monad, Unichain, and Sei v2, which enables users to view token supply distribution and wallet metrics for pairs on the network.
Co-hosted a coffee meetup with Espresso Systems at Good Mate Coffee in Cannes during EthCC week on March 30, 2026, from 8-11am CEST.
Chainlink secures 78%+ of Celo's market share, totaling $16M+ in value.
Processed over $2 billion in cumulative stablecoin volume, with daily volume spiking past $20 million in late 2025.
Celo Core Co proposes CELOccelerate tokenomics overhaul, converting net sequencer revenue and stablecoin gas fees into CELO on the open market for the Community Fund, with a retroactive burn and increased minimum base fee.
Tether on Celo reaches 5M+ weekly USDT users, 7.2M+ USDT transactions, and 840,000 daily active users, driven by agentic and payments hub activity.
Accounts for approximately 90% of XAUT0 (tokenized commodity) user growth.
Stablecoin transfers represent 75% of all transactions.
Launched ERC-8004, a standard for AI agents, with 4,000 AI agents registered onchain leveraging stablecoin rails, ahead of both Base and Ethereum mainnet.
Has a median gas fee below $0.0005 over the past 7 days (as of 2026-03-25).
Growthepie_eth published an 18-page research report on its first year as an Ethereum L2.
Launched AI Agent Visa program on April 3, 2026, targeting 14 million MiniPay users. Virtuals joined for agentic commerce, bringing liquidity and DeFi incentives.
Integrated Chainlink CRE (Cross-chain Rebalancing Engine) services.
Governance Proposal 285 passes, granting Opera 160M CELO (~27% of circulating supply) for browser integration and MiniPay partner evolution, transitioning Opera from Distribution Partner to Network Stakeholder.
Updownxyz launches onchain FX perpetuals DEX with up to 100x leverage for FX trading on Celo.
Reaches 90k XAUt0 holders on Celo via SquidRouter.
Named new regional ambassadors across seven regions: Argentina, Brazil, Ghana, Colombia, Philippines, East Africa, and Proof of Ship. Begins roadshows in Vietnam and the Philippines April 2026.
Integrated with Opera's MiniPay, reaching 14M+ users in 66 countries, processing 1.25 billion total transactions (7.2M+ weekly) and supporting direct fund transfers to local bank accounts in US and Europe. Valora plans to integrate Self Protocol's phone number mapping and sybil resistance standard.
Transitioned to Ethereum Layer 2 on Optimism Superchain in March 2025, changing finality from 5 seconds to 17 minutes and cutting security costs 99.8% ($6.5M/year to $20,000); also deployed on Celo as a net loss-running L2 in Q4 2025.
Surpassed 10M USDT holders, growing 230% in the past year.
RWA asset holder count is increasing on Celo, including holders of tokenized funds, stocks, and commodities.
Reached 63,000+ users across Ethereum, Base, and Celo networks through ERC-8004 implementation since late January 2026.
Mentioned in context of Coinbase not supporting layer 2 upgrades, similar to Celo's case.
Will integrate real-time payment finality powered by Espresso Network.
Integrated with Otto AI co-pilot, supporting multi-chain DeFi operations including bridging, swapping, yield checking, and perpetuals trading across 11 chains via natural language prompts.
Reached 1.7M monthly active addresses in Feb 2026, up 70% in 6 months. Daily active addresses include 300K+ verified by Self Connect, representing nearly half of all daily active addresses.
Kiln Finance partnered with MiniPay to launch a MiniApp enabling users to earn yield on USDT.
MyriadMarkets launched prediction market product to MiniPay with 5,000 USDT in monthly rewards.
Upgraded Mento protocol to V3, including fixed-priced FX, LP rebalancer, and multichain FX.
Prezenti Grants announced Season 2 Anchor Pool grants starting from $25,000 and Boost Pool invite-only grants available until 2026-06-30.
MiniPay redesigned Boost feature to reward users with value by using the app.
CeloPublicGoods awarded 6K USDT to Real World Agent Hackathon V2 winners. Launched Build Agents for the Real World Hackathon with CeloDevs (applications March 2-18, 2026, $18,500 prizes, ERC-8004 standard) and participates in Synthesis hackathon ($100,000+ prizes, runs until March 23, 2026) with AI agents evaluating projects.
Reached all-time high $6.2 billion monthly stablecoin volume in January 2026, with over $2 billion flowing through MiniPay. Processes $65+ billion annually.
Sponsored the Open Source AI Summit at The House SF on 2026-02-25, cohosted by NEAR Protocol and featuring talks on AI agents and agentic finance.
Shipped 3 hardforks, including first ZK-powered fault proofs on any Ethereum L2, and activated Jovian Hardfork on Sepolia testnet as the first of 2026. Scheduled mainnet for 2026-03-31, marking 1st anniversary as an Ethereum L2.
Integrated Morpho markets and vaults with FeatherLend, enabling EURm as collateral and staked CELO looping.
Suspended perpetual futures trading on Coinbase, with CGLD-PERP settled at $0.07712 USDC based on 60-minute average index price prior to suspension.
Proposed to activate protocol fees on all Uniswap v3 pools deployed on Celo along with 7 other chains.
Integrated with Mellow Protocol's automated liquidity management (ALM) system on Velodrome Finance, which actively manages liquidity in CELO/WETH, CELO/USDT, and CELO/USDC pairs.
Celo COO Liz Peng joins CoinDesk's Consensus panel titled "NFTs are Dead, Long Live Digital Art"
Optimism opens Season 9 OP Growth Grant applications to Celo builders
Allbridge integration with Celo reaches over $8.3M in volume across 32,800+ transactions
GoodDollar launches GoodBuilders S3 program, a 3-month initiative streaming $50K G$ fund, powered by Superfluid and running on Flowstate.
Relay goes live on Celo and launches $10K pilot match round for refugee-led projects in Kenya and Uganda
Mentioned as one of five blockchains (Ethereum, Sei, Celo, COTI, and TAC) where the Arb Fast Lane solver system operates through CarbonDeFi.
Generated $3,000 in gas fees over 7 days; approximately half now paid in stablecoins rather than CELO.
Featured in Messari report as one of the OP Stack-based chains, positioned as focused on mobile payments alongside other major OP Stack deployments.
USDT on Celo reached an all-time high of 4.23 million weekly users across MiniPay, DeFi, and other applications
Integrated Self Protocol for identity, age, and OFAC sanctions compliance verification through ERC-8004 infrastructure. Merkle launched CELO-USDT pool on Uniswap with Self Protocol verification.
Extended hackathon submission window to February 18, 2026, with $5,000 USDT prizes, Marco judging, and @SelfClaw infrastructure. Backs SELFCLAW AI project, partnered with Google.
Launched Textile Protocol, deploying $224K across 9 credit pools in 5 countries within Week 1. Partners with Leja App for Kenyan small business working capital, offering 37.69% APY in USDT on Celo.
Integrated thirdweb's x402 protocol with ERC-8004 standard, deploying portable agent reputation for stablecoin-optimized agentic applications.
Released new agent skills available for installation via npx command.
Integrated Carbon DeFi, launched USDGLO rewards cycle via Merkl for USDm/USDGLO (8%) and CELO/USDGLO (93%) pairs.
Celo Colombia announced $100K prize to the person with the most POAPs of Colombian airports on February 28th, 2026
Received approximately $103k in grants and accelerator support from Celo, Prezenti, AWS, and Stellar SCF.
Participating as a guest speaker in a Twitter Spaces event titled "Rise of DeFi - Top Innovators" scheduled for January 28th, 2026, alongside OKX Ventures, Bancor, and other DeFi projects.
Integrated foundation and labs organizations into a unified structure.
Integrated native fee abstraction into the OP Stack as a customization feature.
Achieved $380.57 million in 24-hour trading volume.
Grayscale included CELO in their Assets Under Consideration list for Q1 2026.
Experienced a 21% week-over-week increase in activity for Arb Fast Lane, which sources liquidity from major DEXs and maintains price parity across the chain.
Held a discussion or presentation about appchains on Celo on January 9, 2026.
Ranked as a top 16 developer platform in the Electric Capital Developer Report, ahead of Starknet, TON, Stellar, and Aptos.
Launched first multiple choice governance proposal system with proposals 269, 270, and 271 currently active for voting, affecting validator operations and protocol spending.
Integrated with Spire Labs' Pylon protocol to enable synchronous composition across Celo and other Pylon appchains.
Paid $0.0005 in rent to Ethereum L1 per active address over the past 30 days (as of 2026-01-02).
Generated $470k in lifetime onchain profit as of late December 2025.
Launched synchronous crosschain reads capability on 2025-12-22.
Reached $185M in stablecoin supply.
Runs a miniapp tournament voting competition on December 17-18, 2025, with 200 CELO in seeded rewards that increase with participation.
Total TVL is approximately $50M.
Celo starts tokenomics review aimed at linking CELO token to network activity.
An exchange removes CGLD-EUR and CGLD-GBP order books to improve market health and consolidate liquidity.
Revenue grows 10x since 2024 and 50% of network volume transacts in USDT, with $100M revenue projected.
Surpassed Base with 700k daily active users and 175% YoY wallet growth. MiniPay reached 550k monthly users and 270 million transactions across 60 countries.
Stripe acquires the Valora development team to join its blockchain division, while the Valora app and intellectual property return to cLabs.
Integrated Espresso to prevent sequencer equivocation, improving transaction finality. Espresso Foundation launched $ESP claims for eligible Celo community members at claim.espresso.foundation.
Valora wallet gets acquired by Stripe. Opera and MiniPay announce extended partnership for global expansion, real-time merchant payments and cards, while Ledger Wallet adds crosschain swap support with multiple token integrations including USDT, USDC, and Mento stablecoins.
Jello Hardfork launched with ZK fault proofs via OP Succinct Lite and EigenDA's Hokulea integration, an optimium style L2 with ZK Rollup architecture. Converted from an Alt-L1, trading sovereignty for tighter Ethereum alignment.
Tokenomics update released on December 9th.
The Celo Tokenomics Initiative launches soon with a 4-phase community process to explore buybacks, burn mechanisms, and demand-based models, culminating in an onchain governance vote. The initiative begins with an open call for researchers and economists to submit proposals through the Celo Forum.
The network's economic engine is being redesigned.
MiniPay adds PIX payment support in Brazil and Mercado Pago in Argentina for direct payments from self-custodial wallets. Self Protocol mobile wallet SDK with sybil resistance features planned for release next year.
EY's Nightfall Layer 3 goes live on the network for enterprise-grade privacy payments. Monthly revenue grows 10x since January 2024, and Tether receives Abu Dhabi ADGM approval for licensed firms to use USDT on the network.
MiniPay reports 11M users on the platform.
Jello Hardfork on Dec 10 makes the network the first Ethereum L2 to integrate OP Succinct Lite technology for ZK-powered fault proofs.
Network now leads in non-USD stablecoin volume and has the most active addresses across the ecosystem.
Major protocol upgrade "Jello" goes live December 10, transitioning the network to an OP-aligned Layer 2 with ZK fault proofs.
Partnership with ENS domains introduces Celonames, enabling human-readable identities for users to engage with Ethereum applications on the network.
MiniPay reports 300M+ stablecoin transactions and 40+ Mini Apps live, with stablecoin-backed cards now scheduled for early 2026 as the Opera partnership deepens.
11M wallets currently active across the network. MiniPay to launch stablecoin cards feature soon.