Follow Xiaobi$CELO

Since Tether announced the issuance of USDT on the Celo chain in March, its total locked value (TVL) has soared. Now, the issuance of USDT on Celo has reached 135 million US dollars. In contrast, Near's USDT issuance is 180 million US dollars, but Near's total market value is as high as more than 5 billion US dollars.

Let's take a look at TON. Its USDT issuance is 570 million US dollars, four times that of Celo, but TON's total market value is close to 40 billion US dollars, 100 times that of Celo.

Therefore, Celo, a less well-known small public chain, is very strong in data performance. Moreover, it has investments from giants such as A16Z and Coinbase, and its background is quite strong.

In summary, Celo's data is similar to those of those old public chains, but its market value is only one-tenth of theirs, so whether it is in a value trough, you can judge for yourself