🚀 Celo gives up Layer1 and officially joins Ethereum Layer2! 🔥

Today, the Celo mainnet officially ceased operations, bidding farewell to its independent Layer1 and fully migrating to Ethereum L2. This means that this once independent public chain has chosen to embrace Ethereum 🤝🔗

📌 What does this transformation mean?

✅ Faster and cheaper: Transaction speed reduced from 5 seconds to 1 second ⚡, Gas fees remain low 💸

✅ Safer and more compatible: Relying on Optimism OP Stack, inheriting Ethereum's security 🛡️

✅ Stronger ecosystem support: DeFi giants like Aave, Uniswap, Fireblocks, and others have already settled in 🤯

💭 Benefit OR Risk?

🔹 Benefit: With the help of the Ethereum ecosystem, Celo's DeFi, stablecoin, and payment network will have greater potential 📈

🔹 Risk: Has the dream of a former Layer1 public chain been shattered? Whether Celo can stand out in the L2 competition still needs market validation 👀

🌍 From "independent public chain" to "Ethereum expansion layer", is Celo's move a wise choice or a reluctant transformation?

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