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Celo Celebrates Five Years: A Vision for a Trillion-Dollar Onchain Economy by 2030
The Celo Foundation is commemorating its fifth anniversary, marking a significant milestone in the blockchain industry. As it celebrates this achievement, the foundation has unveiled an ambitious roadmap aimed at creating a trillion-dollar onchain economy by 2030.
Over the past five years, Celo has undergone a remarkable transformation from a mobile-first, carbon-negative EVM-compatible Layer 1 (L1) blockchain to a Layer 2 (L2) solution on Ethereum. This strategic shift is designed to further its mission of empowering global prosperity through blockchain technology.
Recent Developments and Milestones
Celo’s recent achievements in the first quarter of 2025 have been nothing short of remarkable. The successful migration to L2 has garnered significant attention within the industry, with key developments including the launch of decentralized finance (DeFi) platforms Aave and Velodrome on Celo. This milestone has triggered a surge in DeFi activity.
The introduction of Self, a zk identity protocol developed in partnership with the former OpenPassport team, is another pivotal achievement. This innovation has the potential to set a global standard for proof-of-human and onchain identity verification.
Vision 2030: A Bold Ambition
As Celo looks towards the future, its vision is centered around establishing a trillion-dollar onchain economy by 2030. To achieve this ambitious goal, the foundation intends to focus on promoting stablecoins and onchain foreign exchange (FX) markets. This endeavor involves launching over 100 local currency stablecoins globally.
The foundation also aspires to become a leader in identity verification, leveraging its Self protocol to establish a global standard for proof-of-human and onchain identity. Moreover, Celo envisions a significant increase in daily transactions, which is crucial for the long-term sustainability of the platform.
A key development in Celo’s roadmap is the recent update in tokenomics, including the Great Celo Halvening, which has reduced inflation and poised Celo for sustainable growth.
Alignment with Sustainable Development Goals
Celo’s strategic vision aligns perfectly with the United Nations’ Agenda 2030 for Sustainable Development. By leveraging blockchain technology, the foundation aims to create a fairer and more equitable financial system that addresses global challenges such as climate change and poverty.
The Celo Foundation is committed to collaborating with companies transitioning to onchain operations. One notable partnership is with Opera, which will introduce stablecoins for various use cases, including merchant payments and subscription services. This collaboration showcases the vast potential of a decentralized, open onchain economy.
As Celo embarks on what it calls its “winning era,” the foundation remains dedicated to constructing a resilient ecosystem that prioritizes long-term growth and community empowerment.
Source: https://Blockchain.News/news/celo-five-years-vision-trillion-dollar-economy-2030
