CandleFocus Celo Overtakes Tron in Stablecoin Usage Thanks to App Adoption in Africa
2024-09-25
Author: Content Editor
Celo has surpassed Tron in the number of active addresses used by stablecoins, driven by the popularity of apps like MiniPay and Valora in Africa. This growth aligns with Celo's goal of becoming an Ethereum Layer 2 (L2) blockchain. The network has seen an increase in transaction sizes, indicating legitimate activity. The supply of stablecoins on Celo has also increased significantly, suggesting future demand. The price of Celo (CELO) has reached a 13-day high and trading volume has surged, indicating increased investor interest.
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