What will Celo look like after its migration to Ethereum Layer 2 in 2025?

1. Technology and Ecosystem: After migrating to Ethereum Layer 2 in March 2025, Celo's block confirmation time has been compressed from 5 seconds to 1 second, transaction costs have dropped by 92%, and it supports interaction across six major mainstream networks. Its "phone number mapping public key" design has served 20 million users, with a cumulative transaction volume exceeding $1.5 billion. In terms of ecosystem, in addition to cUSD, various local stablecoins such as cREAL and cNGN have also been issued, with DeFi locked-up volume reaching $800 million in Q3 2025, and it has connected to the Deutsche Telekom payment network, with cross-chain transaction volume surging by 320% year-on-year.

2. Team and Background: A16Z continues to heavily invest in it, with a core focus on its "mobile-first global payment layer" positioning. The current Celo open-source community has accumulated over 4 years, and the number of new developer registrations in 2025 has increased by 300% year-on-year, with the influence of the ecosystem alliance further radiating to regions such as Africa and Southeast Asia.

3. Market Performance: As of November 16, 2025, the price of CELO is $0.2606, with a market capitalization of $150.11 million, and a decline of 20.12% over the past 30 days. Previously, its price rebounded to $0.34 in August 2025, while the current market cap is only 3.5% of its peak value in 2021. Some forecasts suggest that by the end of 2025, its user base may exceed one million, indicating potential for valuation recovery, but some institutions predict its average price in 2025 will be around $0.2509, with short-term volatility still present. Others predict that by 2026, the price will rise to $1.