Iris Coleman
April 23, 2025 01:42
CELO marks its fifth anniversary by 2030 and marks its trillion dollar on-chain economy vision focusing on signs, identity standards and sustainable development.
The CELO Foundation recently celebrated the 5th anniversary of the CELO Mainnet, highlighting the conversion of mobile-first carbon-negative EVM compatible layer 1 (L1) blockchain to Ethereum’s Layer 2 (L2) solution. According to the CELO Foundation, the shift aims to strengthen its mission to promote global prosperity through blockchain technology.
Important developments in 2025
In the first quarter of 2025, CELO witnessed significant ecological advances, including the successful transition to L2, which attracted attention throughout the blockchain industry. Major developments included the launch of Decentralized Finance (DEFI) platforms Aave and Velodrome on CELO, catalyzing a surge in Defi activity. Additionally, the introduction of Self, a ZK identity protocol developed in collaboration with the former OpenPassport team, marked another important milestone.
Vision 2030: An ambitious roadmap
The CELO Foundation is hoping to establish a transformative path leading up to 2030, with a $1 trillion on-chain economy. The strategy is expected to promote the Stablecoins and Onchain Forex (FX) markets and launch the stability of over 100 local currencies worldwide. CELO also aims to become a leader in identity verification using self-protocols, with the aim of setting global standards for human proof and on-chain identity.
Additionally, the foundation forecasts a significant increase in daily trading, essential to CELO’s long-term sustainability. The recent transition to L2 has enabled major updates to CELO Toconomy. This includes celohalben, which reduced inflation and placed CELO for sustainable growth.
Alignment with the Sustainable Development Goals
CELO’s long-term strategy is consistent with the UN’s agenda 2030 for sustainable development. The foundation is trying to leverage blockchain technology to promote a more equitable and equitable financial system. This includes supporting the economic concept of regeneration and addressing global challenges such as climate change and poverty with innovative blockchain solutions.
Joint Future
As demonstrated in its partnership with Opera, CELO is looking forward to working with companies moving to Onchain operations. The purpose of this collaboration is to introduce Stablecoins to a variety of use cases, including merchant payments and subscription services, demonstrating the potential of a diverse and open on-chain economy.
As Cello embarks on a “victory era,” the foundation continues to work on building a decentralized, resilient ecosystem that prioritizes long-term growth and community empowerment. The vision for the trillion dollar economy by 2030 highlights Cello’s ambitions to leverage blockchain technology for global impact, promoting economic activity on a scale comparable to the world’s largest economy.
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