After voting last July to turn its Layer 1 network into an Ethereum Layer 2 chain, Celo is EVM-compatible. After eight months of research, the Celo community opted to combine Base, Zora, Mode, and other Ethereum Layer 2 networks with Optimism’s Stack, therefore joining Optimism’s so-called “Superchain” ecosystem.

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Bridging tokens between Ethereum and Celo will soon be simpler, even if users of native USDT and USDC stablecoins can keep using them for gas charges on the new network. Based on Celo’s announcement, transactions will also be speedier; a 50% increase in throughput and a drop in block time from 5 seconds to 2 seconds will help to explain this.

Celo core developer cLabs CTO Marek Olszewski remarked last year, “For most EVM-compatible chains, it’s increasingly hard to justify a standalone positioning in a market where the Ethereum scaling roadmap is proving itself.”

According to the statement, the Celo crew expects a mainnet launch in “early winter 2024.”

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