celo32
$CELO
MCAP47.93M
+0.64%

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

ERC-7715 advanced permissions went live; Q1 2026 saw record transactions and low costs.

contract

celo

22H ago
TECH EVENT

ERC-7715 advanced permissions for MetaMask apps and agents went live on the network.

1D ago
ONCHAIN METRICS

Reached Q1 2026 all-time high in quarterly transactions, with costs near all-time lows.

3D ago
VISIBILITY EVENT

Included in Grayscale's Q2 2026 Assets Under Consideration list for future investment products.

5D ago
MARKET ACTIVITY

Launched Buy CELO Mini App on MiniPay for 14 million+ users, powered by Squid Router.

1W ago
VISIBILITY EVENT

Listed on L2BEAT Interop page on April 7, 2026, which shows bridge flows across chains.

MARKET ACTIVITY

Carbon DeFi launched stable-to-stable rewards program on Celo network, with 36% APR on USDm/USDGLO pairs.

TECH EVENT

CeloDevs returns Proof of Ship monthly builder program on April 1, 2026.

2W ago
MARKET ACTIVITY

Tether launched USAT stablecoin on Celo, its first chain beyond Ethereum, with Google Cloud providing infrastructure support.

VISIBILITY EVENT

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.

VISIBILITY EVENT

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.

ONCHAIN METRICS

Chainlink secures 78%+ of Celo's market share, totaling $16M+ in value.

ONCHAIN METRICS

Processed over $2 billion in cumulative stablecoin volume, with daily volume spiking past $20 million in late 2025.

TOKEN ECONOMICS

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.

ONCHAIN METRICS

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.

ONCHAIN METRICS

Accounts for approximately 90% of XAUT0 (tokenized commodity) user growth.

ONCHAIN METRICS

Stablecoin transfers represent 75% of all transactions.

ONCHAIN METRICS

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.

ONCHAIN METRICS

Has a median gas fee below $0.0005 over the past 7 days (as of 2026-03-25).

VISIBILITY EVENT

Growthepie_eth published an 18-page research report on its first year as an Ethereum L2.

3W ago
PARTNERSHIP

Launched AI Agent Visa program on April 3, 2026, targeting 14 million MiniPay users. Virtuals joined for agentic commerce, bringing liquidity and DeFi incentives.

PARTNERSHIP

Integrated Chainlink CRE (Cross-chain Rebalancing Engine) services.

PARTNERSHIPOfficial

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.

1M ago
TECH EVENT

Updownxyz launches onchain FX perpetuals DEX with up to 100x leverage for FX trading on Celo.

ONCHAIN METRICS

Reaches 90k XAUt0 holders on Celo via SquidRouter.

VISIBILITY EVENT

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.

TECH EVENTOfficial

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.

TECH EVENT

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.

ONCHAIN METRICS

Surpassed 10M USDT holders, growing 230% in the past year.

ONCHAIN METRICS

RWA asset holder count is increasing on Celo, including holders of tokenized funds, stocks, and commodities.

ONCHAIN METRICS

Reached 63,000+ users across Ethereum, Base, and Celo networks through ERC-8004 implementation since late January 2026.

VISIBILITY EVENT

Mentioned in context of Coinbase not supporting layer 2 upgrades, similar to Celo's case.

VISIBILITY EVENT

Will integrate real-time payment finality powered by Espresso Network.

PARTNERSHIP

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.

ONCHAIN METRICS

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.

PARTNERSHIP

Kiln Finance partnered with MiniPay to launch a MiniApp enabling users to earn yield on USDT.

TECH EVENT

MyriadMarkets launched prediction market product to MiniPay with 5,000 USDT in monthly rewards.

TECH EVENT

Upgraded Mento protocol to V3, including fixed-priced FX, LP rebalancer, and multichain FX.

FINANCIAL EVENT

Prezenti Grants announced Season 2 Anchor Pool grants starting from $25,000 and Boost Pool invite-only grants available until 2026-06-30.

TECH EVENT

MiniPay redesigned Boost feature to reward users with value by using the app.

VISIBILITY EVENT

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.

ONCHAIN METRICS

Reached all-time high $6.2 billion monthly stablecoin volume in January 2026, with over $2 billion flowing through MiniPay. Processes $65+ billion annually.

VISIBILITY EVENT

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.

TECH EVENT

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.

PARTNERSHIP

Integrated Morpho markets and vaults with FeatherLend, enabling EURm as collateral and staked CELO looping.

MARKET ACTIVITY

Suspended perpetual futures trading on Coinbase, with CGLD-PERP settled at $0.07712 USDC based on 60-minute average index price prior to suspension.

FINANCIAL EVENT

Proposed to activate protocol fees on all Uniswap v3 pools deployed on Celo along with 7 other chains.

PARTNERSHIP

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.

VISIBILITY EVENT

Celo COO Liz Peng joins CoinDesk's Consensus panel titled "NFTs are Dead, Long Live Digital Art"

PARTNERSHIP

Optimism opens Season 9 OP Growth Grant applications to Celo builders

ONCHAIN METRICS

Allbridge integration with Celo reaches over $8.3M in volume across 32,800+ transactions

FINANCIAL EVENT

GoodDollar launches GoodBuilders S3 program, a 3-month initiative streaming $50K G$ fund, powered by Superfluid and running on Flowstate.

FINANCIAL EVENT

Relay goes live on Celo and launches $10K pilot match round for refugee-led projects in Kenya and Uganda

VISIBILITY EVENT

Mentioned as one of five blockchains (Ethereum, Sei, Celo, COTI, and TAC) where the Arb Fast Lane solver system operates through CarbonDeFi.

ONCHAIN METRICS

Generated $3,000 in gas fees over 7 days; approximately half now paid in stablecoins rather than CELO.

2M ago
VISIBILITY EVENT

Featured in Messari report as one of the OP Stack-based chains, positioned as focused on mobile payments alongside other major OP Stack deployments.

ONCHAIN METRICS

USDT on Celo reached an all-time high of 4.23 million weekly users across MiniPay, DeFi, and other applications

MARKET ACTIVITY

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.

TECH EVENT

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.

PARTNERSHIP

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.

TECH EVENT

Integrated thirdweb's x402 protocol with ERC-8004 standard, deploying portable agent reputation for stablecoin-optimized agentic applications.

TECH EVENT

Released new agent skills available for installation via npx command.

FINANCIAL EVENT

Integrated Carbon DeFi, launched USDGLO rewards cycle via Merkl for USDm/USDGLO (8%) and CELO/USDGLO (93%) pairs.

FINANCIAL EVENT

Celo Colombia announced $100K prize to the person with the most POAPs of Colombian airports on February 28th, 2026

FINANCIAL EVENT

Received approximately $103k in grants and accelerator support from Celo, Prezenti, AWS, and Stellar SCF.

VISIBILITY EVENT

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.

TEAM UPDATE

Integrated foundation and labs organizations into a unified structure.

PARTNERSHIP

Integrated native fee abstraction into the OP Stack as a customization feature.

ONCHAIN METRICS

Achieved $380.57 million in 24-hour trading volume.

VISIBILITY EVENT

Grayscale included CELO in their Assets Under Consideration list for Q1 2026.

3M 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.

VISIBILITY EVENT

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

VISIBILITY EVENT

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

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).

ONCHAIN METRICS

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

TECH EVENT

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

ONCHAIN METRICS

Reached $185M in stablecoin supply.

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.

4M ago

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.