"Shocking! Vitalik Buterin named Celo, L2 payment platform may reshape the landscape!"
Abstract
Ethereum bigwig Vitalik Buterin named Celo and praised it as the leader of payment platforms. CELO tokens immediately rose when they heard this!
Buterin likes Celo, the new darling of payment
Vitalik Buterin recently gave Celo a big thumbs up on social media, saying it is a good example of low-cost decentralized finance. Even when reminding not to over-hype the L2 chain, he did not forget to mention Celo.
Celo: fast transactions, low fees, stablecoin artifact
Celo has created a Valora application that ties identity and on-chain operations together. Transferring money is as simple as sending WeChat, and it is almost free. Since its launch in 2021, this application has become popular with stablecoins. It has become even more popular recently, and DeFi and DEX transactions have also helped a lot.
Buterin is optimistic about Celo and says it can evolve into L2
Celo started as L1, but I heard that it will transform into an EVM-compatible L2 like Optimis and Arbitrum. Buterin has always supported projects that allow people without bank accounts to enjoy financial services. Celo just fits his mind. It uses stablecoins to pay fees, and it is cheap.
Celo's daily active users hit a new high, and stablecoin transactions are busy
Celo now has nearly 700,000 daily active users, all of which are brought up by stablecoin transactions. Although not much money has flowed into Celo, the user activity is very high.
CELO rises as soon as Buterin mentions it
As soon as Buterin spoke, the CELO token rose slightly on Binance, jumping from $0.55 to $0.64. Although the price of CELO has not moved much in the past two years, this time it is considered a small show of strength.
Celo stablecoin transactions are hot, and USDT becomes the protagonist
Stablecoin transactions on Celo are very popular, with monthly turnover exceeding $1.1 billion. USDT is the biggest winner, with a surge in trading volume, mainly related to major platforms such as Binance and Bybit.
Uniswap is also very popular on Celo. Although the trading volume is not as good as the original version, it has increased the fastest.
In general, with the support of Vitalik Buterin and the popularity of stablecoin transactions, Celo has a promising future!
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