Celo Surpasses Milestones One Year After Ethereum Layer 2 Migration

Celo, an Ethereum Layer 2 (L2) network, has achieved significant milestones one year after its migration from a standalone blockchain. The network now boasts 840,000 daily active users, a record high in stablecoin volume of $65.9 billion, and 14 million MiniPay wallets.

The growth of Opera's MiniPay wallet is driving much of Celo's success, with over 3 million new users added since the start of 2025. The network has also seen an increase in the use of Tether's USD₮ as a gas payment mechanism, with nearly half of all transaction fees on the network now being paid in stablecoins.

Celo's unique features, such as fee abstraction and native stablecoins, have contributed to its success. The network retained its pre-migration features while adding Ethereum's security guarantees and a trustless bridge. The Jello Hardfork introduced ZK fault-proof rollup security via OP Succinct Lite, further enhancing the network's security.

Looking ahead, Celo has several upcoming developments, including the Jovian Mainnet Hardfork, which targets improved gas mechanics and infrastructure compatibility. Additionally, Opera has proposed a 160 million CELO allocation to fund three more years of MiniPay growth, potentially bringing 50 million Opera browser users into the ecosystem.