Celo Celebrates Five Years: A Vision for a Trillion-Dollar Onchain Economy by 2030

The
Celo
Foundation
recently
celebrated
the
fifth
anniversary
of
the
Celo
mainnet,
highlighting
its
transformation
from
a
mobile-first,
carbon-negative
EVM-compatible
Layer
1
(L1)
blockchain
to
a
Layer
2
(L2)
solution
on
Ethereum.
This
shift
aims
to
bolster
its
mission
of
fostering
global
prosperity
through
blockchain
technology,
according
to
the

Celo
Foundation.

Significant
Developments
in
2025

In
the
first
quarter
of
2025,
Celo
witnessed
significant
ecosystem
advancements,
such
as
the
successful
migration
to
L2,
which
attracted
attention
across
the
blockchain
industry.
Key
developments
included
the
launch
of
decentralized
finance
(DeFi)
platforms
Aave
and
Velodrome
on
Celo,
which
catalyzed
a
surge
in
DeFi
activity.
Additionally,
the
introduction
of
Self,
a
zk
identity
protocol
developed
in
partnership
with
the
former
OpenPassport
team,
marked
another
pivotal
milestone.

Vision
2030:
An
Ambitious
Roadmap

The
Celo
Foundation
envisions
a
transformative
path
leading
to
2030,
aiming
to
establish
a
trillion-dollar
onchain
economy.
The
strategy
involves
promoting
stablecoins
and
onchain
foreign
exchange
(FX)
markets,
with
expectations
to
launch
over
100
local
currency
stablecoins
globally.
Celo
also
aims
to
become
a
leader
in
identity
verification
with
its
Self
protocol,
aspiring
to
set
a
global
standard
for
proof-of-human
and
onchain
identity.

Moreover,
the
foundation
anticipates
a
significant
rise
in
daily
transactions,
which
are
crucial
for
Celo’s
long-term
sustainability.
The
recent
transition
to
L2
enabled
a
major
update
in
Celo’s
tokenomics,
including
the
Great
Celo
Halvening,
which
reduced
inflation
and
positioned
Celo
for
sustainable
growth.

Alignment
with
Sustainable
Development
Goals

Celo’s
long-term
strategy
aligns
with
the
United
Nations’
Agenda
2030
for
Sustainable
Development.
The
foundation
seeks
to
leverage
blockchain
technology
to
foster
a
fairer
and
more
equitable
financial
system.
This
includes
supporting
regenerative
economic
concepts
and
addressing
global
challenges
such
as
climate
change
and
poverty
through
innovative
blockchain
solutions.

A
Collaborative
Future

Looking
forward,
Celo
plans
to
collaborate
with
companies
transitioning
to
onchain
operations,
as
exemplified
by
its
partnership
with
Opera.
This
collaboration
aims
to
introduce
stablecoins
for
various
use
cases,
including
merchant
payments
and
subscription
services,
showcasing
the
potential
of
a
diverse,
open
onchain
economy.

As
Celo
embarks
on
its
“winning
era,”
the
foundation
remains
committed
to
building
a
decentralized,
resilient
ecosystem
that
prioritizes
long-term
growth
and
community
empowerment.
The
vision
for
a
trillion-dollar
economy
by
2030
underscores
Celo’s
ambition
to
harness
blockchain
technology
for
global
impact,
fostering
economic
activity
on
a
scale
comparable
to
some
of
the
world’s
largest
economies.

Image
source:
Shutterstock