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Celo

Celo

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Category: L2

Celo

Celo has transitioned from an independent EVM-compatible Layer 1 into a fully integrated Ethereum Layer 2, rebuilt on the Optimism OP Stack and secured by Ethereum. It utilizes EigenDA for scalable and cost-efficient data availability. This upgrade preserves Celo's distinct features like fast finality (1-second block times) and a strong focus on real-world applications, while aligning with Ethereum's technical standards and roadmap. The transition was executed without a regenesis, preserving the full chain history. By becoming an L2, Celo gains deeper composability with Ethereum-native apps, unlocks access to the full suite of Ethereum tools, and makes the CELO asset native on Ethereum, expanding its presence and liquidity. The project is focused on supporting developers to build on the new L2 architecture and is progressing towards Stage 1 decentralization as a mature L2.
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Funding Rounds

Funding Round: Unknown
Funding Date: 10 Feb, 2021
Raised Amount: $20M
Funding Round: ICO
Funding Date: 12 May, 2020
Raised Amount: $10M
Funding Round: Unknown
Funding Date: 2 Apr, 2019
Raised Amount: $30M
Funding Round: Unknown
Funding Date: 25 Jun, 2018
Raised Amount: $6.5M

Investors