Celo(CELO)

Overview

Celo is a blockchain platform built with mobile accessibility and financial inclusion as its stated focus, offering an execution environment compatible with the Ethereum Virtual Machine (EVM). It originally operated as a standalone layer-1 network and completed a transition to an Ethereum layer-2 in 2025, tightening its link to the broader Ethereum ecosystem.

The native token CELO is used to pay network fees, vote in on-chain governance, and stake toward validator elections. The network supports several stablecoins, including the US dollar-linked cUSD, and allows transaction fees to be paid in assets other than CELO. It has also introduced mobile-oriented features such as mapping phone numbers to wallet addresses.