• bitcoinBitcoin (BTC) $ 86,950.00
  • ethereumEthereum (ETH) $ 1,621.33
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.11
  • bnbBNB (BNB) $ 601.06
  • solanaSolana (SOL) $ 138.10
  • usd-coinUSDC (USDC) $ 0.999972
  • dogecoinDogecoin (DOGE) $ 0.160808
  • cardanoCardano (ADA) $ 0.640180
  • tronTRON (TRX) $ 0.241626
  • staked-etherLido Staked Ether (STETH) $ 1,620.96
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 86,947.00
  • chainlinkChainlink (LINK) $ 13.38
  • avalanche-2Avalanche (AVAX) $ 20.46
  • leo-tokenLEO Token (LEO) $ 9.04
  • stellarStellar (XLM) $ 0.256437
  • the-open-networkToncoin (TON) $ 3.00
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • suiSui (SUI) $ 2.24
  • usdsUSDS (USDS) $ 0.999827
  • hedera-hashgraphHedera (HBAR) $ 0.169646
  • wrapped-stethWrapped stETH (WSTETH) $ 1,945.73
  • bitcoin-cashBitcoin Cash (BCH) $ 338.02
  • litecoinLitecoin (LTC) $ 79.89
  • hyperliquidHyperliquid (HYPE) $ 17.81
  • polkadotPolkadot (DOT) $ 3.89
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.43
  • ethena-usdeEthena USDe (USDE) $ 0.999227
  • wethWETH (WETH) $ 1,622.27
  • pi-networkPi Network (PI) $ 0.631402
  • whitebitWhiteBIT Coin (WBT) $ 28.15
  • moneroMonero (XMR) $ 216.33
  • wrapped-eethWrapped eETH (WEETH) $ 1,728.15
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 86,927.00
  • pepePepe (PEPE) $ 0.000008
  • uniswapUniswap (UNI) $ 5.41
  • aptosAptos (APT) $ 5.14
  • daiDai (DAI) $ 1.00
  • okbOKB (OKB) $ 50.91
  • gatechain-tokenGate (GT) $ 22.93
  • ondo-financeOndo (ONDO) $ 0.876114
  • nearNEAR Protocol (NEAR) $ 2.28
  • bittensorBittensor (TAO) $ 309.15
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.57
  • susdssUSDS (SUSDS) $ 1.05
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 16.04
  • internet-computerInternet Computer (ICP) $ 4.98
  • crypto-com-chainCronos (CRO) $ 0.082991
  • render-tokenRender (RENDER) $ 4.41
  • mantleMantle (MNT) $ 0.661000
  • aaveAave (AAVE) $ 144.08
  • kaspaKaspa (KAS) $ 0.082252
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • vechainVeChain (VET) $ 0.024227
  • cosmosCosmos Hub (ATOM) $ 4.25
  • fasttokenFasttoken (FTN) $ 4.23
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 86,786.00
  • filecoinFilecoin (FIL) $ 2.68
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.198559
  • algorandAlgorand (ALGO) $ 0.198845
  • official-trumpOfficial Trump (TRUMP) $ 8.28
  • ethenaEthena (ENA) $ 0.295933
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.621766
  • celestiaCelestia (TIA) $ 2.60
  • sonic-3Sonic (prev. FTM) (S) $ 0.482275
  • arbitrumArbitrum (ARB) $ 0.311245
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.90
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 86,784.00
  • kucoin-sharesKuCoin (KCS) $ 10.01
  • optimismOptimism (OP) $ 0.726116
  • binance-staked-solBinance Staked SOL (BNSOL) $ 144.61
  • makerMaker (MKR) $ 1,381.09
  • jupiter-exchange-solanaJupiter (JUP) $ 0.397721
  • xdce-crowd-saleXDC Network (XDC) $ 0.071427
  • blockstackStacks (STX) $ 0.706583
  • flare-networksFlare (FLR) $ 0.016363
  • worldcoin-wldWorldcoin (WLD) $ 0.792044
  • nexoNEXO (NEXO) $ 1.02
  • story-2Story (IP) $ 3.78
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,620.19
  • eosEOS (EOS) $ 0.647113
  • bonkBonk (BONK) $ 0.000012
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,689.99
  • usdt0USDT0 (USDT0) $ 0.999715
  • sei-networkSei (SEI) $ 0.180700
  • fartcoinFartcoin (FARTCOIN) $ 0.884105
  • immutable-xImmutable (IMX) $ 0.487198
  • injective-protocolInjective (INJ) $ 8.89
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999841
  • paypal-usdPayPal USD (PYUSD) $ 0.999618
  • tether-goldTether Gold (XAUT) $ 3,438.43
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • the-graphThe Graph (GRT) $ 0.085227
  • dexeDeXe (DEXE) $ 14.18
  • curve-dao-tokenCurve DAO (CRV) $ 0.611139
  • pax-goldPAX Gold (PAXG) $ 3,442.38
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,827.91
  • wbnbWrapped BNB (WBNB) $ 600.62
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 85,986.00
  • galaGALA (GALA) $ 0.016262
  • jasmycoinJasmyCoin (JASMY) $ 0.014716
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 86,796.00
  • the-sandboxThe Sandbox (SAND) $ 0.279866
  • usual-usdUsual USD (USD0) $ 0.998032
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 152.30
  • coredaoorgCore (CORE) $ 0.671508
  • raydiumRaydium (RAY) $ 2.28
  • theta-tokenTheta Network (THETA) $ 0.661518
  • lido-daoLido DAO (LDO) $ 0.734502
  • msolMarinade Staked SOL (MSOL) $ 177.80
  • iotaIOTA (IOTA) $ 0.171242
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,723.59
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999228
  • kaiaKaia (KAIA) $ 0.107164
  • heliumHelium (HNT) $ 3.43
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • flowFlow (FLOW) $ 0.376684
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • chain-2Onyxcoin (XCN) $ 0.017518
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.97
  • decentralandDecentraland (MANA) $ 0.309856
  • clbtcclBTC (CLBTC) $ 87,309.00
  • bitcoin-svBitcoin SV (BSV) $ 28.93
  • flokiFLOKI (FLOKI) $ 0.000059
  • movementMovement (MOVE) $ 0.231366
  • mantra-daoMANTRA (OM) $ 0.581566
  • walrus-2Walrus (WAL) $ 0.432208
  • jito-governance-tokenJito (JTO) $ 1.68
  • pyth-networkPyth Network (PYTH) $ 0.146153
  • tezosTezos (XTZ) $ 0.508830
  • pendlePendle (PENDLE) $ 3.27
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,699.00
  • zcashZcash (ZEC) $ 31.93
  • ethereum-name-serviceEthereum Name Service (ENS) $ 15.16
  • true-usdTrueUSD (TUSD) $ 0.998318
  • telcoinTelcoin (TEL) $ 0.005363
  • beldexBeldex (BDX) $ 0.067730
  • pumpbtcpumpBTC (PUMPBTC) $ 83,777.00
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999897
  • grassGrass (GRASS) $ 1.68
  • dydx-chaindYdX (DYDX) $ 0.602827
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999978
  • kavaKava (KAVA) $ 0.421399
  • ubtcuBTC (UBTC) $ 88,321.00
  • solayerSolayer (LAYER) $ 2.11
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 86,897.00
  • thorchainTHORChain (RUNE) $ 1.24
  • dogwifcoindogwifhat (WIF) $ 0.435280
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007458
  • spx6900SPX6900 (SPX) $ 0.449372
  • apenftAPENFT (NFT) $ 0.00000042
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.161069
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,700.24
  • ecasheCash (XEC) $ 0.000021
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998405
  • elrond-erd-2MultiversX (EGLD) $ 14.37
  • starknetStarknet (STRK) $ 0.138526
  • neoNEO (NEO) $ 5.67
  • tbtctBTC (TBTC) $ 86,841.00
  • ousgOUSG (OUSG) $ 110.75
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,619.75
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.584151
  • berachain-beraBerachain (BERA) $ 3.48
  • apecoinApeCoin (APE) $ 0.474210
  • axie-infinityAxie Infinity (AXS) $ 2.36
  • conflux-tokenConflux (CFX) $ 0.073273
  • arweaveArweave (AR) $ 5.69
  • wormholeWormhole (W) $ 0.081235
  • compound-governance-tokenCompound (COMP) $ 41.02
  • chilizChiliz (CHZ) $ 0.038321
  • olympusOlympus (OHM) $ 22.10
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,620.62
  • resolv-usrResolv USR (USR) $ 1.00
  • based-brettBrett (BRETT) $ 0.035865
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,621.54
  • super-oethSuper OETH (SUPEROETHB) $ 1,622.04
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,726.08
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998094
  • usddUSDD (USDD) $ 1.00
  • plumePlume (PLUME) $ 0.173291
  • beam-2Beam (BEAM) $ 0.006593
  • matic-networkPolygon (MATIC) $ 0.198685
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • aerodrome-financeAerodrome Finance (AERO) $ 0.414875
  • saros-financeSaros (SAROS) $ 0.124738
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.781526
  • sun-tokenSun Token (SUN) $ 0.016837
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.005130
  • roninRonin (RON) $ 0.516947
  • fraxFrax (FRAX) $ 0.999897
  • aioz-networkAIOZ Network (AIOZ) $ 0.272173
  • amp-tokenAmp (AMP) $ 0.003637
  • justJUST (JST) $ 0.030874
  • wemix-tokenWEMIX (WEMIX) $ 0.710136
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,650.29

Celo returns home to Ethereum as layer 2, migration completed

0 9

Celo returns home to Ethereum as layer 2, migration completed

Vitalik Buterin welcomed Celo’s deeper integration with Ethereum, praising its efforts to increase global crypto adoption.

Key Takeaways

  • Celo has switched to Ethereum layer 2 after almost two years of work.
  • The upgrade has reduced block times and integrated native bridging with Ethereum.

Celo has successfully transitioned from a standalone layer 1 blockchain to an Ethereum layer 2 platform using Optimism’s OP Stack and EigenDA for data availability.

The migration was finalized on March 26, with the activation of the Celo L2 Mainnet at block height 31056500, according to an update from celol2countdown.xyz. The Forno node service is now operational and ready to support the new L2 network.

In a statement celebrating the milestone, the Celo team noted that the move strengthens Celo’s technical capabilities, enhances interoperability with the Ethereum ecosystem, and maintains its hallmark features such as low transaction fees and fast processing times.

“Celo’s upgrade to an Ethereum layer 2 is a natural progression towards our Day 1 mission––to create the conditions of prosperity for all––and platforming a robust onchain economy for the future,” Rene Reinsberg, Celo co-founder and Celo Foundation President, said in a statement. “Leveraging Ethereum’s network infrastructure, Celo is enhancing security and interoperability for millions of daily users.”

The transition follows 20 months of planning, testing, and community governance since its initial proposal by cLabs in July 2023. The decision was driven by the need to simplify liquidity exchange with Ethereum, improve security, and improve developer compatibility.

“Migrating to a layer 2 marks an exciting return home for Celo, combining the best of the networks’ advantages to scale Web3 with global reach and continued impact,” said Marek Olszewski, CEO and co-founder of cLabs, the core developer of the Celo blockchain.

The upgrade brings Celo’s ecosystem of over 1,000 projects to the Ethereum network, signaling an influx of activity and innovation to the network. Despite the move, Celo retains its ultra-low fees of $0.0005 and rapid transaction speeds.

Key technical upgrades accompanying the migration include a 5-fold improvement in block times, dropping from 5 seconds to 1, and the implementation of native bridging with Ethereum. This bridge is touted as a critical security enhancement, reducing reliance on external bridging solutions that have proven vulnerable to exploits.

The platform maintains its core features, including SocialConnect for phone number-based payments and fee abstraction allowing users to pay transaction fees with ERC-20 tokens. The CELO token now exists natively on Ethereum, with layer 2 CELO representing bridged tokens.

Celo’s move to Ethereum could be a key driver in expanding the capabilities and adoption of its existing applications, including Opera’s MiniPay, Valora, and GainForest.

“Celo has done a lot for crypto’s global adoption, and I am excited to see Celo fully embracing the Ethereum family,” Ethereum co-founder Vitalik Buterin commented.

Source

Leave A Reply

Your email address will not be published.