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Celo Surpasses Tron: Vitalik Buterin Applauds Momentum

Celo gains traction in crypto, surpassing Tron in daily active addresses. Vitalik Buterin praises its potential as it prepares for a key upgrade to Ethereum Layer 2.

1 min 10 secSeptember 25, 2024

Highlights:

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Celo's daily active addresses exceed Tron's for stablecoin use.

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Upcoming upgrade to Ethereum Layer 2 boosts Celo token by 25%.

Celo Surpasses Tron: Vitalik Buterin Applauds Momentum

Celo, a blockchain platform designed for smartphone-based crypto payments, is making headlines this September as it surpasses Tron in daily active addresses for stablecoin usage. This milestone highlights Celo's growing influence in the decentralized finance (DeFi) landscape, particularly among users seeking accessible financial solutions.

 

 

Vitalik Buterin, co-founder of Ethereum, expressed his enthusiasm for Celo's success, stating, “It's great to see Celo gaining momentum.” He emphasized that the platform provides the community with enhanced opportunities for innovation and greater reach. This endorsement from a prominent figure in the crypto space underscores Celo's potential to reshape financial services.

 

 

In an exciting development, Celo is set to upgrade its Alfajores testnet to Ethereum Layer 2 on September 26. This upgrade aims to enhance scalability and efficiency, allowing developers to create more robust applications on the platform. The anticipation surrounding this upgrade has contributed to a notable 25% rise in the price of the Celo token, which has reached $0.66.

 

As interest in Celo continues to grow, its focus on mobile accessibility positions it well for future expansion. With a commitment to fostering financial inclusion, Celo is poised to play a significant role in the evolving landscape of cryptocurrency and decentralized finance.

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