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The Defiant 2025-03-26 11:05:01

Celo Completes Transition to Ethereum Layer 2 on March 26, 2025; Block Production Paused, Price Holds at $0.38

Celo Completes Transition to Ethereum Layer 2 on March 26, 2025; Block Production Paused, Price Holds at $0.38

Celo has successfully transitioned from a Layer 1 blockchain to an Ethereum Layer 2 network, marking the completion of a nearly two-year development cycle. The official transition began on March 26, 2025, with the halting of Celo Layer 1 block production. During this upgrade, the ability to send and receive CGLD tokens was temporarily disabled. Following the migration, Celo will support Ethereum cross-chain bridging functionality, and its block production time has been reduced. The price of CELO has remained stable at $0.38, reflecting a 21% increase over the past two weeks. The transition was led by contributors at cLabs, the project's core developer, and is expected to enhance the network's capabilities. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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