Celo

Celo is a blockchain network classified as an Ethereum Layer 2, meaning it processes transactions on top of the Ethereum base layer to achieve faster throughput and lower costs. Its stated aim is to make blockchain applications accessible to a global audience, particularly people in regions where mobile internet is more common than traditional banking infrastructure. The CELO token is the native asset of this network.

Celo operates as a Proof of Stake network within the Optimism Superchain ecosystem, settling activity to Ethereum for security while handling user transactions locally to keep fees low. The block time recorded in the data is zero minutes, which indicates near-instant block production on the network. CELO is used within the system for transaction fees, staking, and network governance, and the circulating supply of 605,316,779 tokens represents about 60.5 percent of the maximum supply of 1,000,000,000.

Users of the Celo network pay fees denominated in CELO for transactions, and those fees totalled 1,974 USD over the most recent 24-hour period, 16,493 USD over the trailing 7 days, and 60,741 USD over the trailing 30 days, with 30-day fee growth of 8.94 percent. The trailing 12-month figure stands at 500,782 USD, and the annualized rate derived from the trailing 30 days is 739,015.50 USD. However, the protocol records zero revenue across the 24-hour, 30-day, and 12-month periods shown, meaning none of those fees are retained by the protocol itself as tracked here; all fee-based revenue measures on this page therefore reflect zero protocol capture rather than an absence of on-chain activity.