Celo

About Celo

Celo (CELO) is an Ethereum Layer-2 blockchain platform designed to make decentralized finance accessible to anyone with a mobile phone. Originally launched as an independent blockchain in 2017, Celo transitioned to an Ethereum Layer-2 to leverage greater security and interoperability. It emphasizes low transaction fees, fast confirmation times, and mobile-first design, enabling users in underserved regions to participate in the global economy. The ecosystem supports a range of decentralized applications, stablecoins, and payment solutions, with CELO serving as the native token used for governance, staking, and network fees.