Celo L2 chain
Overview
Celo is a blockchain that originally launched as a Layer 1 network with a mobile-first, proof-of-stake design, later migrating to become an Ethereum Layer 2 using the OP Stack. It is designed to facilitate fast, low-cost payments and DeFi applications, with a focus on mobile accessibility. The ecosystem includes native stablecoins pegged to fiat currencies, such as cUSD and cEUR.
Within the DeFi Intel graph, Celo L2 connects to 1 tracked entity, most strongly to EigenDA.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
used_by | EigenDA | 80% |
Frequently asked questions
What is Celo L2?
Celo is a blockchain that originally launched as a Layer 1 network with a mobile-first, proof-of-stake design, later migrating to become an Ethereum Layer 2 using the OP Stack.
What stablecoins are native to Celo?
The Celo ecosystem includes native stablecoins pegged to fiat currencies, such as cUSD and cEUR.
What data availability solution does Celo use?
Celo uses EigenDA for data availability.