Main notes
- CELO has become layer 2 on Ethereum Blockchain.
- Immigration comes approximately two years after the initial proposal.
- Ceo’s original symbol acquires a bullish momentum.
Celo, which was first launched as a guide on the-1 Blockchain layer in April 2020, has officially became the Ethereum Layer-2 network after its long-awaited hard fork.
ethereumWe are at home!
After a successful “thorn”, led by the main shareholders in Clabs & L1 Validators, Cello is officially Ethereum 2
What does this mean for the diverse and varied ecosystems? Continue reading to find out ↓ pic.twitter.com/SLW1W5ORMP
– All.eth
(CELO) March 26, 2025
Successful immigration was finished nearly two years after the first Ceo proposal in July 2023. In April 2024, Klbas, the developer behind CeO, suggested that the OP OP OPT, an open -source frame for building L2 networks, suggested to develop the new L2 block.
And they did so.
Earlier today, CELO began to move by stopping L1 block production. At approximately 04:10 UAE, Clabs announced that “the production of the mass has officially resumed CELO L2”, which hints to a successful migration.
The mass production has been officially resumed on CELO L2.
Next: Public RPC (Forno) and the online index. Stay tuned.
Clubs ⋐ • 𝕃 (Clabs) March 26, 2025
Ceo claims that the move to L2 came when its ecosystem grew to more than 1,000 projects in more than 150 countries. According to The X Post, the network includes about 11 million active addresses and has processed more than 720 million transactions on its journey for about five years.
Thanks to the Framework Op Stack, the new Ceo L2 has decreased block times from 5 seconds to one second. The L2 network benefits from Ethereum safety and a speed of optimism.
Celo now supports the original ETHEREUM series, and users can also use various symbols like USDT and USDC to cover gas fees.
Silver ascending
Celo (Celo), the original symbol of the newly transferred Blockchain, has seen a noticeable rise in prices after the deportation was announced.
CELO has increased by 4.1 % over the past 24 hours and is currently being traded at $ 0.404. Its ceiling hovering near the mark of $ 230 million with a daily trading volume of $ 18.6 million.
Despite the recent price increased, CeO still decreased by 96.2 % of its highest level ever at $ 10.66 on August 30, 2021. The distinctive code reached the maximum market about $ 2.4 billion, making it one of the 100 leading market encryption assets.
Celo is currently ranked eighteenth of digital currency 183.
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Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.
The post Celo Finally Becomes Ethereum L2 After Two Years of Hustling first appeared on Investorempires.com.
