Celo
Celo
CELO
Average
6.72K
11.05K
3.42K
Average
50
73
41
Average
7
7
4
Average
11
20
6
Celo Timeline
Celo Token unlock
Celo Token allocation
Celo BasicReport a Data Error
- Apr,2024Celo completed its transition to Ethereum Layer 2, joining the Optimism OP Stack. This migration was intended to enhance security, improve scalability, and enable more efficient cross-chain operations while maintaining its core mobile-first features.
- Jul,2023A proposal was introduced to transition Celo from a standalone Layer 1 blockchain to an Ethereum Layer 2 (L2) solution, aiming to leverage Ethereum’s security while maintaining Celo’s existing features, such as low transaction costs and fast processing.
- Jan,2023cLabs announced Celo 2.0, aimed at enhancing Ethereum compatibility, improving performance, and introducing new tokenomics to support growth. This was a pivotal step in preparing for broader adoption and scaling.
- Oct,2022The Celo community adopted a proposal to further its carbon-negative commitment, using transaction fees to support natural asset-backed tokens, reinforcing Celo's dedication to sustainability.
- Sep,2022Celo launched Optics, a bridging solution designed to enable seamless and cost-efficient interoperability between Celo and Ethereum, allowing users to transfer assets and data across multiple chains.
Celo Info
- Apr,2024Celo completed its transition to Ethereum Layer 2, joining the Optimism OP Stack. This migration was intended to enhance security, improve scalability, and enable more efficient cross-chain operations while maintaining its core mobile-first features.
- Jul,2023A proposal was introduced to transition Celo from a standalone Layer 1 blockchain to an Ethereum Layer 2 (L2) solution, aiming to leverage Ethereum’s security while maintaining Celo’s existing features, such as low transaction costs and fast processing.
- Jan,2023cLabs announced Celo 2.0, aimed at enhancing Ethereum compatibility, improving performance, and introducing new tokenomics to support growth. This was a pivotal step in preparing for broader adoption and scaling.
- Oct,2022The Celo community adopted a proposal to further its carbon-negative commitment, using transaction fees to support natural asset-backed tokens, reinforcing Celo's dedication to sustainability.
- Sep,2022Celo launched Optics, a bridging solution designed to enable seamless and cost-efficient interoperability between Celo and Ethereum, allowing users to transfer assets and data across multiple chains.
Celo Intro
Celo (CELO) is a blockchain platform designed to make decentralized finance (DeFi) accessible to anyone with a smartphone. Launched as a mobile-first blockchain, Celo aims to build a global, inclusive financial ecosystem by reducing barriers to entry for financial services, especially in regions with limited banking infrastructure.
Initially deployed as a standalone Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), Celo is now transitioning to an Ethereum Layer 2 (L2) solution. This shift is intended to leverage Ethereum’s robust security and vast ecosystem while maintaining Celo’s low costs and speed, offering seamless integration and interaction between the two networks. The L2 transition aims to improve transaction efficiency, enhance security, and enable native bridging between Celo and Ethereum, reducing reliance on external bridging solutions that have been prone to vulnerabilities.
Celo's architecture is unique in its emphasis on a mobile-first approach, which includes ultralight clients that allow for fast transactions with low fees. The network also integrates multiple stablecoins, such as cUSD and cEUR, which are key to its mission of providing accessible and stable digital payments.
With over 1,000 projects spanning across 150+ countries, Celo’s ecosystem is vibrant, focusing on decentralized payments, mobile DeFi applications, and regenerative finance (ReFi) projects.
Celo Unlock & AllocationReport a Data Error
Celo Timeline
Celo Token unlock
Celo Token allocation
People also watchReport a Data Error
Celo Price Live DataReport a Data Error
Celo (CELO) is a blockchain platform designed to make decentralized finance (DeFi) accessible to anyone with a smartphone. Launched as a mobile-first blockchain, Celo aims to build a global, inclusive financial ecosystem by reducing barriers to entry for financial services, especially in regions with limited banking infrastructure.
Initially deployed as a standalone Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), Celo is now transitioning to an Ethereum Layer 2 (L2) solution. This shift is intended to leverage Ethereum’s robust security and vast ecosystem while maintaining Celo’s low costs and speed, offering seamless integration and interaction between the two networks. The L2 transition aims to improve transaction efficiency, enhance security, and enable native bridging between Celo and Ethereum, reducing reliance on external bridging solutions that have been prone to vulnerabilities.
Celo's architecture is unique in its emphasis on a mobile-first approach, which includes ultralight clients that allow for fast transactions with low fees. The network also integrates multiple stablecoins, such as cUSD and cEUR, which are key to its mission of providing accessible and stable digital payments.
With over 1,000 projects spanning across 150+ countries, Celo’s ecosystem is vibrant, focusing on decentralized payments, mobile DeFi applications, and regenerative finance (ReFi) projects.