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Ethereums highly anticipated Pectra upgrade has entered its final testing phase on the new Hoodi testnet. This crucial step comes after failed finalization attempts on Holesky and Sepolia, prompting developers to create Hoodi for a fresh run-through.
Celo has officially completed the transition from layer-1 blockchain to layer-2 protocol on Ethereum on March 26, 2025. The move was announced through a post on X, in which the platform highlighted the main technical innovations. Among these, blocks with a time of one second, transaction costs lower than a cent, and the use of USDt (USDT) and USDC (USDC) as gas stand out.
Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.Celo announced the successful transition in a March 26 X post, stating that “Celo is officially an Ethereum layer 2” protocol. In the thread, the organization claimed the new protocol features one-second blocks, sub-cent transaction costs, and Tether's USDt (USDT) and USDC (USDC) as gas.
Celo, a blockchain first established as a standalone layer-1 network, has officially transitioned to an Ethereum layer-2 solution.
TL;DR Ethereum Layer 2 Transition: Celo shifts from a standalone L1 blockchain to an Ethereum L2 network using optimistic rollups, leveraging Ethereum's robust security and ecosystem. Boosted Performance: The upgrade reduces block times from 5 seconds to 1 second, enhancing scalability, interoperability, and low-cost transaction speed. Strengthened Ecosystem: With key partnerships (Aave, Uniswap, etc.
Celo transitions to Ethereum L2 with 1 seconds block time and $0.0005 fees Migration enables native bridging, boosts speed, and lowers security risks Vitalik and Coinbase support Celo's shift to enhance Ethereum integration
Celo, which was first launched as a proof-of-stake layer-1 blockchain in April 2020, has officially become an Ethereum layer-2 network after its long-awaited hard fork. The successful migration was completed nearly two years after Celo's initial proposal in July 2023.
Celo has successfully migrated from a standalone Layer 1 blockchain to an Ethereum Layer 2 network, marking a major milestone after nearly two years of development. This upgrade boosts scalability, improves interoperability, and deepens integration with Ethereum's ecosystem. Block times have been reduced from 5 seconds to just 1 second, significantly enhancing transaction speed.
Celo has officially transitioned from a standalone EVM-compatible Layer-1 (L1) blockchain to an Ethereum Layer-2 (L2), marking a significant milestone for the blockchain ecosystem.
Celo has finalized migration from a standalone L1 platform to an Ethereum L2 blockchain. The transition represents a key landmark in Celo's evolution, improving interoperability, security, and the entire ecosystem while ensuring sustainability and accessibility. The countdown platform shows the migration completed on 26 March, with Celo Layer2 Mainnet activation at 31056500 block height.
The transition ends a long journey beginning back in July 2023 and a fierce competition, won by Optimism, convincing the Celo ecosystem to build with their tech.
The Layer 2 development utilized the OP Stack from Optimism, migrating Celo into an optimistic rollup chain.
Celo's integration as an Ethereum layer 2 enhances scalability, security, and interoperability, potentially boosting Web3 adoption and innovation. The post Celo returns home to Ethereum as layer 2, migration completed appeared first on Crypto Briefing.
Celo has completed the migration to Ethereum Layer 2 after two years of development, transitioning from an individual blockchain to an interoperable network. The post Celo Completes Migration to Ethereum Layer 2 appeared first on Cryptonews.
Coinbase has announced its support for Celo's migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network.
Aave v3 has launched on Celo, expanding DeFi access to Celo's mobile-first users and opening the platform to broader user growth.
The Aave deployment on Celo allows builders and users globally to borrow, lend, and earn yield with “sub-cent” transaction costs and one-block finality. The post Aave V3 is Now Live on Celo appeared first on Cryptonews.
Stablecoin interoperability is becoming a major driving force for developers seeking to ease the cost and settlement burden of transactions.
Digital asset exchange Coinbase is pushing back against accusations that it isn't supporting Ethereum's (ETH) scaling roadmap. The top US crypto exchange came under fire online after it announced last week that it wouldn't support Celo's (CELO) upcoming migration from a standalone layer-1 chain to an Ethereum layer-2.
Layer 1 blockchain Celo (CELO) will migrate to layer 2 on 16 January 2025. The move, which has been ongoing for over a year, signals the increasing interest in L2 solutions to fight efficiency and scalability issues. Meanwhile, Coinbase's latest announcement to clients ahead of the transition has triggered conversations within the cryptocurrency community.
Celo's planned migration to Layer 2, known for over a year, has raised questions about Coinbase's late announcement to customers.
Crypto exchange Coinbase has announced that it will delist and stop supporting Celo layer-1 blockchain token CGLD by January 13, 2025. This move is in response to Celo's planned migration into a layer-2 network.
Celo, a prominent Layer-1 blockchain, has seen its native token dump 5% after its upcoming transition to an Ethereum Layer-2 network within Optimism's Superchain ecosystem turned “contentious.” On Nov. 27, Coinbase, the largest US-based crypto exchange, announced that it would not support Celo's migration into a Layer 2 network.
cLabs CEO Marek Olszewski said Coinbase's decision “feels like a wrench in Ethereum's Layer 2-centric scaling roadmap.”
