Indonesia is the most underrated builder market in crypto
14M+ MiniPay wallets globally. Indonesia is on track to be one of the biggest contributors to Proof of Ship S2
Celo Indonesia dev workshop just kicked off, 6 sessions to ship ready
Watch this space
@Celo@CeloIndonesia@CeloDevs@ugmbcc
Tomorrow night.
X Space AMA
Deep Dive Celo Proof of Ship S2 with @devweb3jogja
Friday, April 17 | 8 PM UTC +7
We'll cover how to submit, what categories Celo is looking for, winning strategies, and the full grant pathway after you ship
PoS deadline: April 26. See you in the space!
@Celo@CeloDevs
Why Celo is quietly building the most complete L2 ecosystem
1) Most people still think of Celo as "that mobile payments chain"
But in the last 30 days alone, Celo has shipped more DeFi infrastructure than most L2s do in a quarter.
Here's what you're missing
2)Let's start with the numbers
840K peak daily active users (#1 among Ethereum L2s), 14M+ MiniPay wallets across 66+ countries, 400M+ transactions processed, $65.9B in stablecoin volume, 1.3M monthly active users (ATH)
This isn't hype. This is usage.
3) Now the infra side.
Celo completed the Jello Hardfork, activating ZK fault-proofs on mainnet via OP Succinct Lite, built with @Optimism and @SuccinctLabs.
@Celo is now a ZK fault-proof rollup
4) On the stablecoin front:
USAT @usat, a US regulated stablecoin from the Tether ecosystem, issued by Anchorage Digital Bank, just went live on Celo.
First deployment outside Ethereum. Not Arbitrum. Not Base. Celo.
Why? Because Celo's infra is built for payments, not speculation.
5) Then there's XAUt0 (Tether Gold), now live on Morpho on Celo.
88K+ holders can use gold as collateral to borrow USDT. This sits alongside wBTC, WETH, EURm, and stCELO as productive collateral.
Gold-backed lending on an L2 with sub-cent fees. That's real-world DeFi.
6) And for enterprise?
EY deployed Nightfall as an L3 on Celo, a zero-knowledge privacy layer for enterprise-grade B2B payments.
Target market: $180T+ in cross-border flows.
Celo went from consumer payments → institutional rails in one move.
7) The Opera partnership is also evolving.
A governance proposal allocated 160M CELO tokens to Opera, turning them from a distribution partner into a long-term network stakeholder.
Controversial? Yes. But it locks in the MiniPay distribution channel, 14M+ wallets don't come from nowhere.
8) What makes Celo different from other L2s:
Pay gas with stablecoins (cUSD, USDT, USDC), Phone number-based identity for UX, Sub-second block times, Carbon-negative by design, Built on OP Stack with ZK fault proofs
It's not trying to be the fastest. It's trying to be the most usable.
9) The thesis is simple:
The winning L2 won't be the one with the most TVL or the lowest latency.
It'll be the one where real people use crypto without knowing they're using crypto.
Celo is building exactly that.
10)If you're a builder looking for an L2 where actual users exist, not just airdrop farmers, take a look at what's happening on Celo.
Proof of Ship Season 2 is live by @CeloDevs. Build, ship, earn.
https://t.co/09Op8v4Id7
We’re excited to share that Tethra is currently participating in Incubase as part of @base batches 002
We’re spending this time strengthening the core product and preparing for what’s next.
Big thanks to the Base ecosystem for supporting the next wave of builders. More updates coming soon 👋