- Celo has completed his migration to Ethereum Layer 2 and thus offers faster block times and native cross-shain support.
- Celo cooperates with Alchemy to offer stronger tools and more smooth infrastructure after migration on Ethereum L2.
Finally the Celo network has really changed. It has from an independent Layer 1 blockchain itself nun officially the Ethereum Layer-2 area connected. The migration process was quite complex and even led to block production in the Celo main network temporarily stopped. But now everything is back into operation.
Celo now works as an Ethereum Layer 2 with block times that have been reduced from five seconds to just a second. For those who are used to waiting for transaction confirmations, like on a train that never comes, these are good news.
@Ethereumwe’re home!
Following a successful "hard hard fork" led by core contributors at @cLabs & L1 validators, Celo is officially an Ethereum Layer 2
What does that mean for the diverse, global decentralized ecosystem? Keep reading to find out ↓ pic.twitter.com/slW1W5oRmP
– all.eth
(@Celo) March 26, 2025
Celo: easier bridgen, develop more intelligently
This change also has a function that has so far felt immature: cross -network interoperability. Celo now supports direct bridging with Ethereum.
This means that the river of assets and data between the two networks runs more smoothly without having to cross a complicated or expensive bridge. Imagine you could move your wallet from one network to another, just as you put your wallet from your left into your right pocket.
In addition, this migration was not only carried out for the sake of moving. Celo has also received a partnership with Alchemy, a platform known for its robust infrastructure for developers. The goal is clear: to help developers develop more reliable and networked applications.
Cooperation is a new basis because many developers in the Ethereum ecosystem are already familiar with Alchemy’s functions.
Now, with all these updates, Celo seems to be ready to become even faster. The network is no longer a small, single player, but rather part of the much wider Ethereum ecosystem. Nevertheless, your approach remains down to earth: cheap, fast and accessible.
The transaction fees in the new network can even be up to $ 0.0005, so cheap that it feels like nothing. This could be a great incentive, especially for users in cost -sensitive developing countries.
Realtime feeds and community -oriented financing
In retrospect, Celo introduced the Celo Citizen Retro program, which was announced in December 2024. As part of this program, projects with 250,000 Celo are funded that have made a significant contribution to the establishment of the ecosystem and anchor crypto in everyday life. The application deadline began on December 20, 2024, and the response was very great.
In December, CNF reported another interesting integration: Band Protocol joined Celo Alfajores, Celo’s Layer 2 test network, to provide real-time price data. This is good news for Defi, Gamefi or maybe NFT applications that require precise data.
The prices displayed are not only estimates or are based on data that are a few minutes old. Band Protocol offers access to more safe cross-chain feeds, including real-time feeds.
At the time of the creation of this article, Celo is traded at around $ 0.3986, which corresponds to an increase of 1.68% in the last 24 hours. This drives its market capitalization over the $ 225 million mark.
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