celo28
$celo
MCAP80.14M
+10.31%

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.

Snapshot

Celo's Arb Fast Lane activity rose 21% WoW, sourcing liquidity from major DEXs for price parity.

contract

celo

1D ago
ONCHAIN METRICS

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.

4D ago
VISIBILITY EVENT

Held a discussion or presentation about appchains on Celo on January 9, 2026.

6D ago
VISIBILITY EVENT

Ranked as a top 16 developer platform in the Electric Capital Developer Report, ahead of Starknet, TON, Stellar, and Aptos.

1W ago
TECH EVENT

Launched first multiple choice governance proposal system with proposals 269, 270, and 271 currently active for voting, affecting validator operations and protocol spending.

PARTNERSHIP

Integrated with Spire Labs' Pylon protocol to enable synchronous composition across Celo and other Pylon appchains.

ONCHAIN METRICS

Paid $0.0005 in rent to Ethereum L1 per active address over the past 30 days (as of 2026-01-02).

2W ago
ONCHAIN METRICS

Generated $470k in lifetime onchain profit as of late December 2025.

3W ago
TECH EVENT

Launched synchronous crosschain reads capability on 2025-12-22.

ONCHAIN METRICS

Reached $185M in stablecoin supply.

1M ago
FINANCIAL EVENT

Runs a miniapp tournament voting competition on December 17-18, 2025, with 200 CELO in seeded rewards that increase with participation.

ONCHAIN METRICS

Total TVL is approximately $50M.

Celo starts tokenomics review aimed at linking CELO token to network activity.

Revenue grows 10x since 2024 and 50% of network volume transacts in USDT, with $100M revenue projected.

Celo surpasses Base to become the top L2 by daily active users over the past quarter with 700k daily active users and 175% YoY wallet growth, while MiniPay reaches 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.

Espresso integration prevents sequencer equivocation on the network, speeding up transaction finality.

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 launches on mainnet with ZK fault proofs via OP Succinct Lite and EigenDA's Hokulea integration. The upgrade makes Celo the first chain to bring OP Succinct Lite to mainnet and transitions the network to a secure optimium style L2 with ZK Rollup architecture.

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.

Partnership announcement with Opera browser. (Tweet ID: 1996631665876332546)

Ledger Wallet now supports additional Celo tokens including USDT, cUSD, and cEUR stablecoins.

Ledger Wallet now supports CELO token swaps directly within their platform. The Jello Hardfork is scheduled for December 10, 2025.

Fusaka update goes live within 30 minutes of announcement. (Tweet ID: 1996328535972270142)

Network metrics show monthly fees up 4x since 2024, CELO token holders doubled year-over-year, and monthly transactions hit 46M representing a 4x increase from January 2024.

Serves as title sponsor for Binance Blockchain Week 2025.

Partnership expansion with Opera introduces real-time merchant payments and cards to MiniPay.

Partnership with Opera extended to scale stablecoin payments to 1 billion people by 2030, with global expansion starting in 2026. MiniPay reaches 11M wallets and 300M+ transactions.

A developer incentive program offers 27,000 CELO for building MiniApps on MiniPay in collaboration with CeloEurope.

Network completes 1 billion transactions with 700K daily active users and ATH stables volume exceeding $3B monthly. Uniswap v4, Aave, Bancor, and VelodromeFi launch this year, while MiniPay reaches 10M activated wallets with 275M transactions.

Monthly revenue increases by approximately 10x since January 2024 according to TokenTerminal. MiniPay announces support for Mercado Pago and PIX payments at EFDevcon, powered by Noah. ETHGlobal Buenos Aires concludes with 46 Celo projects submitted and 3 winners. Optimism recognizes Celo and MiniPay for stablecoin payment contributions to the Superchain.

The Jello Hardfork is scheduled for December 10th.

Celo serves as title sponsor of Binance Blockchain Week 2025 on December 3rd & 4th with live coverage scheduled.

Celo hosts deployment of the Anemoy Treasury Fund (JTRSY), a $295M market cap RWA fund and the second largest asset tokenized by Centrifuge.

Celo integrates with Espresso's finality infrastructure and is featured in a $5K bounty program at ETHGlobal for crosschain app development on Espresso-integrated chains.

L2 migration reaches major milestone with Succinct SP1 integration for Stage 1-level security and optimistic + ZK design that improves finality and withdrawal times.

Celo and MiniPay join the Superchain, integrating with Optimism's network of interoperable L2s.

Monthly revenue up approximately 10x since January 2024.

CarbonDeFi launches USDGLO rewards with 526% APR on CELO/USDGLO liquidity pool featuring concentrated liquidity and auto-compounding, with rewards distributed via Merkl.

StakeCapital launches x402 Facilitator with Celo as one of five supported chains, providing payment verification and settlement infrastructure for APIs, AI agents, and machine-to-machine micropayments with over $2.35 million processed so far.

Ranks #1 among L2s by DAUs and sets stablecoin volume record with just under $3B transferred in one month.

2M ago

Minipay adds gold support and ecosystem partner Self Protocol closes seed funding round and launches Points program.

Aave integration offers boosted yields on USDT and WETH for verified humans using Self's zk proof-of-humanity verification, and Velodrome integration provides 25-36% vAPR via Stabila incentives for verified wallets.

Launches Celonames naming service through partnerships with ENS, Namespace, and Self, enabling human-readable names with proof-of-personhood verification for under a penny per registration.

Records +10.1% growth in daily active addresses over 30 days, placing it 9th among the fastest growing L1 and L2 networks.

The Arb Fast Lane feature records +70% weekly growth in executed transactions for CarbonDeFi strategies on the network.

Reports 727K daily active users, overtaking Base in active addresses. SortedWallet integration enables USDT gas fee payments, GetBlockio adds node infrastructure support, and Proof of Ship 10 developer competition launches with 30,000 CELO in prizes until December 12.

Celo Dollar stablecoin drives 40% of network activity with 296,870 active addresses yesterday and over 69 million cumulative transactions.

Leads the pack in active addresses, advancing from the second-highest rollup position reported on November 3rd.

Celo Sepolia testnet completes the Jello hardfork upgrade to OP Succinct Lite, with mainnet launch upcoming.

Head of Ecosystem Isha Varshney leaves after three and a half years to join Artemis as Head of Revenue, having previously scaled MiniPay from 0 to over 10 million users during her tenure.

Boosted voter rewards program offers 23-24% APY on four liquidity pools (USDT-WETH, USDT-cUSD, USDT-USDC, CELO-USDT), requiring SelfProtocol verification to participate.

Celo reaches 1 billion total transactions, marking a major network milestone.

Ranks as the second-highest rollup by active addresses, marking a significant competitive positioning achievement in the Layer 2 ecosystem.

Uniswap v4 launches on Celo with concentrated liquidity, onchain FX, and hooks-powered innovation. The chain reaches a new all-time high of 729,000 daily active wallet addresses and crosses the 500M blocks milestone.

New Carbon DeFi rewards campaign launches for CELO/USDGLO liquidity pairs with USDGLO rewards distributed via Merkl.

Sentient's privacy-preserving AGI infrastructure goes live on Celo, enabling confidential AI computation through TEE, FHE, and ZK proof technologies via partners including Phala Network, Nillion, Lit Protocol, Lagrange, and Atoma Network.

Currently the #2 chain based on monthly stablecoin transfer count.

Four liquidity pools offer boosted voter rewards ranging from 25% to 37% APY, with USDT-WETH and USDT-USDC pools providing the highest yields at approximately 37%.

Carbon DeFi records $50M+ in trading volume on Celo through its decentralized limit order book system.

Uniswap v4 goes live on Celo. Platform records 722,659 daily active addresses (new highs) with 8% monthly growth and 294,164 addresses using Celo Dollar.

Bancor's Arb Fast Lane (Carbon DeFi's solver system) integrates with Mento Labs, enabling arbitrage opportunities using Mento's onchain FX liquidity to maintain price equilibrium across Celo DEXs.

Achieves 1 billion transaction milestone and leads all L2s in active addresses. MiniPay rolls out DaimoPay integration supporting 1200 assets across 20+ chains without bridging, swaps or KYC.

UPBIT temporarily suspends CELO deposits and withdrawals.

Select Celo liquidity pools now offer voting incentives exclusively for users verified through SelfProtocol, including USDT-WETH, USDT-cUSD, USDT-USDC, and CELO-USDT pairs.

Shut down 110 validators after L2 transition, reducing security costs by 99.8% from $6.9 million to $13,200 annually.

Celo saves $7 million per year after L2 switch and partners with OP Labs to customize the Optimism OP Stack.

CeloPublicGoods funds four domains in Gitcoin Grants Round 24 (GG24): Privacy, Public Goods R&D, Targeted Development & Adoption, and Interop Standards, Infrastructure & Analytics.

StealthEX lists CELO for exchange trading. UbeSwap executes a 955k $UBE token buyback funded by Celo Support Stream and CeloPublicGoods. ThirdWeb launches x402 payment infrastructure enabling builders and agents to pay for APIs and services with onchain payments natively on Celo. MiniPay adds virtual USD and EUR bank accounts powered by Noah, and ViboMarket debuts as a new platform for launching tokenized communities.

Celo switches chains to become a Layer 2 solution, marking a fundamental architectural change from its current Layer 1 blockchain status.

Boosted voter rewards program offers ~130% APY on USDT-CELO pool, ~55% on USDT-cUSD pool, and ~49% on USDT-WETH pool, requiring SelfProtocol verification and pool voting to earn rewards.

3M ago

Nightfall launches as a Layer 3 privacy solution on Celo, marking the beginning of L3 ecosystem development built on EigenDA infrastructure.

Ranks first place among all blockchain chains by active addresses yesterday.

The blockchain demonstrates technical resilience during extreme market turbulence today, absorbing a massive spike in transactions without raising base gas fees.

Origins Hackathon at Token2049 concludes with 21 projects submitted on the network and 4 winners, while cAUD stablecoin launches for trading on CarbonDeFi through Bancor and MentoLabs partnership. Onchain financial data now available on CoinGecko via TokenTerminal integration, and UseAzza adds support for cUSD stablecoin.

USDT on the network ranks as the 2nd biggest stablecoin by monthly transfer count, indicating strong stablecoin adoption and transaction activity.

Network approaches 1 billion cumulative transactions milestone, indicating sustained adoption and usage growth.

Ranks second overall for combined social and market activity metrics today.

Token posts +22.54% gain in 24-hour period on October 3rd, becoming one of the top three crypto gainers of the day.

cLabs deploys Ernst & Young Nightfall rollup on Celo to bring private enterprise payments to the ecosystem, while the network joins Ethereum Foundation at UNDP High-Level Strategic Dialogue on Blockchain during UNGA80, and Prezenti Grants announces $250k cUSD grant program for builders.

TOKEN2049 Origins Hackathon awards $100k in prizes to 40 teams with Celo as a partner sponsor alongside other major blockchain projects including Alchemy, AltLayer, EigenLayer, ETHGlobal, and Polkadot.

CELO-WETH liquidity pool on Velodrome Slipstream offers ~934% APY rewards, indicating integration with the Superchain ecosystem.

Tether Gold announces XAUt0 (tokenized gold) is now live on Celo, adding tokenized gold to the network's ecosystem.

USDT usage reaches all-time high with key metrics up over 100% QoQ, Q3 2025 transfer volume hits $7.3 billion with 371.6 million transfers.

cUSD usage on Ethereum reaches all-time high with key metrics up 40x month-over-month, September transfer volume hits $284.2 million with 24.2k transfers.

The network will undergo a Sepolia Testnet migration on September 30, 2025.

Builders migrate to Celo Sepolia Testnet as network advances infrastructure development, with Ubeswap participating in the transition, while L2BEAT launches official interview series featuring Celo founder Marek as inaugural guest.

Carbon DeFi, Bancor's orderbook-style DEX featuring automated linked orders and MEV protection, goes live on the network.

NumoForex, a new perpetual FX exchange, announces it will launch next week. August stablecoin transaction volume reaches $10.4B according to Artemis data.

GrassEcon announces Sarafu Wallet, a fully open-source public-good wallet for Celo that enables community credit routing through vouchers and commitment pools alongside standard asset holding functionality.