Just saw the news that USA₮ is deployed on @Celo@.


The first batch of partners includes MiniPay, Google Cloud, and Self Protocol.
I checked the data, and Celo is already the most active network globally for USA₮ value transfer, with over 4.23 million weekly active users, a 506% increase over the past year.
Looking back at the timeline, Celo has been shifting from Layer 1 to Ethereum L2 for a year now.
Over the past year, Celo's changes have become more and more evident: it is gradually positioning itself as a chain focused on stablecoin payments, mobile entry points, and real-use scenarios.
From this perspective, deploying USA₮ on Celo is more like a validation of this route.
//
First, after transitioning to L2, Celo's cost structure has become more reasonable.
Previously as L1, it had to bear the entire security cost; after switching to L2, the annual security cost was reduced from $6.5 million to around $20,000, and the security cost per transaction dropped from $0.02 to $0.000039.
This means it can allocate more resources to product development, users, and ecosystem building.
As a result, Celo now has over 700,000 daily active addresses, making it one of the most active L2s.
Additionally, over the past year, Celo has completed the burning and redemption of 1.749 million $CELO tokens.
This number alone may not determine the short-term price, but it at least indicates that Celo is simultaneously advancing network costs, token circulation, and overall economic structure optimization.
//
Second, Celo's activity is more focused on real payments.
The core driver of this growth is actually MiniPay.
Currently, MiniPay has over 14 million total users, with more than 300,000 daily active verified users.
MiniPay lowers the barrier for ordinary users to go on-chain for the first time through phone number-based payments, low-cost cross-border transfers, and a user experience closer to a payment app.
On-chain data shows that MiniPay currently accounts for about 45% of Celo's transaction volume and 93% of stablecoin traffic.
//
Third, Celo is increasingly resembling a stablecoin infrastructure chain.
About 75% of Celo transactions involve stablecoins, with over 1 million stablecoin-related transactions daily.
Plus, gas fees can be paid directly with stablecoins, so users don't need to buy native tokens first, making it more friendly for newcomers and payment scenarios.
//
Fourth, Celo is starting to move toward an AI Agent settlement layer.
Celo already has the basic conditions such as low fees, stablecoin network, and mobile entry points, so supporting small automatic settlements for Agents is a natural fit.
Currently, nearly 4,000 AI Agents / Autonomous Services are registered on-chain.
This may not mean the scale has fully emerged yet, but at least it shows that Celo has already secured a position in this direction.
//
Overall, Celo's highlights lie in its clear roadmap:
MiniPay as an entry point, stablecoins supporting payments, stablecoins paying for gas to lower barriers, L2 structure reducing costs, and extending this infrastructure to AI Agent settlements.
This route may not be the hottest or the easiest for the market to price in short-term.
But at least from current data, Celo is no longer just a concept-level L2 but a chain with real users, transactions, and clear use cases.
This article is for project educational sharing only and does not constitute any investment advice. DYOR!
CELO2.16%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin