{"id":574640,"date":"2026-03-26T20:27:30","date_gmt":"2026-03-26T20:27:30","guid":{"rendered":"https:\/\/Blockchain.News\/news\/celo-840k-daily-users-ethereum-l2-anniversary"},"modified":"2026-03-26T20:27:30","modified_gmt":"2026-03-26T20:27:30","slug":"celo-hits-840k-daily-active-users-one-year-after-ethereum-l2-migration","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/03\/26\/celo-hits-840k-daily-active-users-one-year-after-ethereum-l2-migration\/","title":{"rendered":"Celo Hits 840K Daily Active Users One Year After Ethereum L2 Migration"},"content":{"rendered":"
\n

Ted Hisokawa<\/a> Mar 26, 2026 20:27<\/span> <\/p>\n

Celo marks first anniversary as Ethereum L2 with record 840K daily users, $65.9B stablecoin volume, and 14M MiniPay wallets. CELO trades at $0.083.<\/p>\n

\"Celo <\/a> <\/figure>\n

Celo’s gamble on becoming an Ethereum Layer 2 has paid off. One year after migrating from a standalone blockchain, the network now leads all Ethereum L2s in daily active users while processing over $65 billion in stablecoin volume.<\/p>\n

The March 26, 2025 migration\u2014built on Optimism’s OP Stack with support from 100+ launch partners\u2014preserved nearly five years of transaction history while slashing security costs by 99.8%. CELO currently trades at $0.083, up 2.18% in the past 24 hours.<\/p>\n

The Numbers Tell the Story<\/h2>\n

Peak daily active users hit 840,000, making Celo the top Ethereum L2 by this metric. Monthly actives reached an all-time high of 1.3 million. But the real standout is Opera’s MiniPay wallet: 14 million users across 66 countries, up from 3 million at the start of 2025.<\/p>\n

Stablecoin activity drove much of this growth. Celo became the leading transport layer for Tether’s USD\u20ae globally, with 5 million weekly active users and 7.2 million weekly transactions. The network now supports 25 stablecoins\u2014more than any competitor\u2014including 14 local-currency options. Monthly stablecoin volume peaked at $6.2 billion.<\/p>\n

Perhaps most telling: USD\u20ae gas payments now account for nearly half of all transaction fees on the network. Users are actually paying for transactions with stablecoins, not just holding them.<\/p>\n

Technical Differentiation<\/h2>\n

Celo didn’t just copy-paste the standard L2 playbook. The network retained its pre-migration features\u2014fee abstraction, mobile-first design for low-bandwidth environments, native stablecoins\u2014while adding Ethereum’s security guarantees and a trustless bridge.<\/p>\n

The subsequent Jello Hardfork introduced ZK fault-proof rollup security via OP Succinct Lite. L2Beat now classifies Celo as the leading “Optimium and Validium,” a distinction that matters for institutional users concerned about security assumptions.<\/p>\n

Tether Gold (XAUt0) found particular traction here, with 88,000+ holders giving Celo roughly 90% market share for the tokenized gold product.<\/p>\n

What’s Next<\/h2>\n

The Jovian Mainnet Hardfork arrives next week, targeting improved gas mechanics and infrastructure compatibility. Espresso pre-confirmations and post-quantum hardening are in development.<\/p>\n

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. A tokenomics proposal published this morning outlines buyback and burn mechanisms designed to capture value from network usage.<\/p>\n

Monthly developer count sits at 709, up 28% year-over-year. The chain is also emerging as a hub for AI agents, ranking among leaders in ERC-8004 registrations with Virtuals planning deployment.<\/p>\n

Vitalik Buterin, speaking at Celo’s hardfork celebration last year, called the community “some of the best examples that the Ethereum ecosystem and crypto as a whole has to offer.” The metrics suggest he wasn’t just being polite.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ted Hisokawa Mar 26, 2026 20:27 Celo marks first anniversary as Ethereum L2 with record 840K daily users, $65.9B stablecoin volume, and 14M MiniPay wallets. CELO trades at $0.083. Celo’s gamble on becoming an Ethereum Layer 2 has paid off. One year after migrating from a standalone blockchain, the network now leads all Ethereum L2s […]<\/p>\n","protected":false},"author":1,"featured_media":574641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[960,11546,7637,25,199],"class_list":{"0":"post-574640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-celo","9":"tag-ethereum-l2","10":"tag-minipay","11":"tag-news","12":"tag-stablecoins"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/574640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=574640"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/574640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/574641"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=574640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=574640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=574640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}