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

Celo marks its fifth anniversary with a vision for a trillion-dollar onchain economy by 2030, focusing on stablecoins, identity standards, and sustainable development.

The Celo mainnet recently celebrated its fifth anniversary. To mark this occasion, the Celo Foundation has set its sights on establishing a trillion-dollar onchain economy by 2030.

This vision builds upon Celo's core strengths, including its mobile-first focus, carbon-neutral footprint, and EVM-compatibility, which enable interoperability with the Ethereum ecosystem.

A Vibrant Ecosystem Emerges

In the first quarter of 2025, the Celo ecosystem witnessed remarkable progress. The successful migration to L2, announced earlier this year, has attracted attention across the blockchain industry.

Leading DeFi platforms Aave and Velodrome launched on Celo, driving a surge in DeFi activity.

Another significant milestone was the introduction of Self, a zk identity protocol developed in partnership with the former OpenPassport team. Self is a crucial component of Celo's broader strategy to promote onchain identity and factor intognancies.

Magics 2.0: Paving the Way for Long-Term Sustainability

The transition to L2 also enabled a major update in Celo's tokenomics, with the Great Celo Halvening positioning the token for sustainable growth.

Moreover, the Payercoin integration is expected to unlock new possibilities for efficient cross-chain foreign exchange (FX) markets.

UnchainId: A Trillion-Dollar Economy in Sight

As part of its long-term strategy, Celo's vision aligns with the UN's Agenda 2030 for Sustainable Development Goals. The foundation aims to leverage blockchain technology to foster a fairer and more equitable financial system.

This vision supports regenerative economic concepts and addresses global challenges such as climate change and poverty through innovative blockchain solutions.

In the coming months, we can expect to see more collaborations with companies transitioning to onchain operations, following the successful partnership with Opera to introduce stablecoins for various use cases, such as merchant payments and subscription services.

This ambition to create a trillion-dollar onchain economy by 2030 showcases the potential of a diverse, open onchain economy, capable of generating economic activity on a scale comparable to some of the world's largest economies.