Back to News

Celo’s L2 Goes Live on the Ethereum Blockchain

Twitter icon  •  Published för 1 månad sedan on March 27, 2025  •  Hassan Maishera

On Wednesday, the Celo Foundation announced via X that Celo is now a layer-2 network on the Ethereum blockchain

Celo’s L2 Goes Live on the Ethereum Blockchain

On Wednesday, the Celo Foundation announced via X that Celo is now a layer-2 network on the Ethereum blockchain. This latest development comes following a successful "hard hard fork" led by core contributors at cLabs and L1 validators.

Built on Optimism's OP Stack with Eigen, Celo L2 features 1-second blocks, sub-cent transactions, fee abstraction (e.g. USDT & USDC as gas), native bridging, Ethereum security, Ultragreen Money, and token duality. 

Celo is an open platform that supports various distributed applications, smart contract development, and payments using e-mail addresses and phone numbers as public keys. CELO is down 1% in the last 24 hours and currently trades at $0.3976.

Attempted Kidnapping of Crypto Executive’s Daughter in Paris Highlights Evolving Security Needs in the Web3 Space
Next article Attempted Kidnapping of Crypto Executive’s Daughter in Paris Highlights Evolving Security Needs in the Web3 Space

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Follow us on Google News