Celo marks its fifth anniversary with a vision for a trillion-dollar onchain economy by 2030, focusing on stablecoins, identity standards, and sustainable development.

TL;DR EigenLayer activated slashing, a feature that allows penalizing malicious operators by removing part or all of their restaked collateral. Each validated service will be able to define its own penalty rules, enabling a progressive and controlled implementation.

Astar, AltLayer, and EigenLayer partner to build a Fast Finality Layer for Soneium and slash finality by 98% to under 10 seconds. The post Soneium Slashes Finality by 98% With Astar Network, AltLayer, and EigenLayer appeared first on Cryptonews.

TL;DR Soneium, developed by Sony Block Solutions Labs, has slashed transaction finality time from 15 minutes to under 10 seconds. This breakthrough is made possible through a new partnership with AltLayer and EigenLayer, utilizing restaking technology and decentralized validators.

The crypto market's volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.

This week, several top crypto news events are in the lineup, with stories spanning various ecosystems and having price implications for concerned tokens. From Jupiter and Orca decentralized exchanges (DEX) to PolitiFi meme coin TRUMP, multiple developments are already in the pipeline.

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.

EigenLayer has enhanced two major integrations, with Mantle Network and ZKsync adopting EigenDA for data availability and ZKsync also incorporating EigenLayer's Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge (zk) proving. These partnerships expand EigenLayer's role in Ethereum's modular security landscape, reinforcing its position as the leading restaking protocol.

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.

EigenLayer, Polymarket, and UMA have announced a collaboration to research and potentially develop a next-generation oracle system, leveraging EigenLayer's infrastructure.

TL;DR EigenLayer partners with UMA and Polymarket to create a next-generation oracle system, enhancing prediction market oracles' reliability and functionality. The new oracle system leverages EigenLayer's restaking mechanism and EIGEN token, along with UMA and Polymarket's expertise, to align dispute resolutions with community consensus.

EigenLayer, Polymarket, and UMA have announced a collaboration to explore and potentially develop a next-generation oracle system. The post EigenLayer, Polymarket, and UMA Join Forces to Develop Next-Gen Oracle System appeared first on Cryptonews.

The collaboration remains in the research and development phase, with details on technical architecture and launch dates yet to be disclosed.

The smart contract platform Moonbeam has introduced Datahaven, a decentralized storage protocol for AI and Web3 applications, in collaboration with Eigenlayer. The solution targets Ethereum layer two (L2) developers, offering secure, censorship-resistant data storage.

The crypto market started the week on a bearish note, with Bitcoin slipping below $98,000 during today's intraday low. This downward pressure has extended to altcoins, many of which are experiencing significant corrections.

TL;DR EigenLayer has launched its Rewards v2 upgrade on the Ethereum mainnet, enhancing flexibility, efficiency, and customization in the reward system. Key features include operator-specific rewards, variable fees for Actively Validated Services (AVSs), and batch reward collection to reduce gas fees.

Cryptocurrencies remained on edge last week as the volume dried up because of the Christmas holidays. The Santa Claus rally pushed Bitcoin (BTC) close to the $100,000 level and then the momentum faded, pushing it below $95,000.

EigenLayer's adoption surge is a sign of its growing influence in the Ethereum staking ecosystem.

Wormhole is working with Nuffle Labs on a solution to expand EigenLayer's restaking functionality beyond the Ethereum ecosystem.

Eigen Foundation has announced that it will commit 1% of all EIGEN token supply to Protocol Guild, an on-chain fund for maintaining the Ethereum Layer-1 network. The foundation which supports the restaking platform, Eigen Layer, announced this on X, noting that it is committed to Ethereum security.

The Eigen Foundation has announced its commitment to allocate 1% of its EIGEN token supply to the Ethereum Protocol Guild.

The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development. According to CryptoSlate data, the EIGEN token has a total supply exceeding 1.6 billion.

EigenLayer's total value locked (TVL) currently stands at over $18 billion.

According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.

The declining momentum has raised concerns within the crypto market, making the continuation of the altcoins' uptrend more reliant on upcoming network developments and demand.

TL;DR Anchorage Digital now supports Liquid Collective's liquid-staked ETH (LsETH), allowing institutional clients to stake Ethereum and receive LsETH, representing staked ETH and accrued rewards. Institutions can earn Ethereum network rewards while retaining the flexibility to sell, transfer, or deploy their staked tokens, and can restake LsETH on EigenLayer for additional rewards.

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.”