According to Celo, the network completed an L2 migration and shipped milestone infrastructure, reaching all-time adoption highs (source: Celo). Celo reports it is the #1 L2 by daily active users, ahead of Base and Worldcoin (source: Celo). It also states it is crypto’s #1 transport layer for USDT by weekly active users, ahead of TronDAO (source: Celo). Growth is attributed to everyday users in emerging markets, per the project (source: Celo).

According to @pedrouid, major exchanges and platforms have launched L2 networks, including Coinbase, OKX, Kraken, Sony, and Robinhood. Source: @pedrouid on X, Aug 12, 2025. According to @pedrouid, Ronin, Celo, Cronos, Lisk, and Canto are migrating to L2, underscoring an industry-wide shift that traders should track for ecosystem flows and integration milestones. Source: @pedrouid on X, Aug 12, 2025.

According to @Celo, Celo has officially completed its migration to an Ethereum Layer 2 (L2) solution, marking a significant milestone for both networks. This transition is expected to enhance scalability and lower transaction fees for users, while also increasing interoperability within the Ethereum (ETH) ecosystem. Traders should monitor potential liquidity flows and new DeFi protocols launching on Celo's L2, as this could drive increased trading volumes and volatility in ETH-related markets. The announcement coincides with Ethereum's 10th anniversary, underlining the network's growing maturity and the expanding role of L2 solutions in supporting unstoppable applications and broader adoption. Source: @Celo