Celo

Celo is a network compatible with the Ethereum Virtual Machine (EVM), developed to make it easier for mobile phone users to send cryptocurrency and stablecoins. Having long operated as an independent layer-one blockchain, Celo became an OP Stack-based Ethereum layer-two network in 2025. CELO is this network's native asset.

On the network, native dollar and euro stablecoins are issued through the Mento protocol and used in everyday payments. One of the distinguishing features of Celo is fee abstraction: users can pay transaction fees in some supported stablecoins as well as in CELO. CELO is used for paying fees, on-chain governance votes and ecosystem incentives. With the move to layer two, the final security of transactions has been tied to Ethereum.

The main issues affecting the CELO price are stablecoin and payment volume on the network, developer and application interest, competition with other layer-two networks and the token distribution schedule. The price seen on Lzzo.com is the USDT pair of CELO on Binance converted into dollars at the Coinbase Exchange rate; the chart also reflects this dollar series.