Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

Beginner

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

Advanced

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Bybit x FxStreet Report: Gold could reach US$4,000 per ounce by 2025

USD1 is a stablecoin developed by WLFI that’s fully backed by short-term US government treasuries, US dollar deposits and other cash equivalents. Learn more.

, it seems that everyone is getting involved with creating and launching their own 

 these days. As something that is the lifeblood of every crypto ecosystem today, stablecoins are essential for crypto traders because they provide a stable asset for use as a 

 against the high volatility that’s inherent in other crypto assets like 

. This stability allows traders to protect their assets, particularly during market downturns when the value of more volatile cryptocurrencies can decrease rapidly. This is one reason among many why entities like 

 (WLFI) are stepping up to launch their very own USD1 stablecoins. 

Curious as to what makes USD1 different from the rest of the stablecoins? From understanding why WLFI is joining the stablecoin race to digging into what makes USD1 unique, our USD1 stablecoin guide will help you understand the impact of WLFI’s stablecoin efforts in the grand scheme of things.

 is a stablecoin developed by World Liberty Financial that’s fully backed by short-term US government treasuries, US dollar deposits and other cash equivalents. Designed (among other reasons) to provide stability in an otherwise inherently volatile market, USD1 offers users a reliable digital asset that maintains a 1:1 peg with the US dollar. This means that for every USD1 token in circulation, there is an equivalent amount of reserves held securely.

One of USD1’s standout features is its custodial arrangement with BitGo, a leading provider of institutional-grade security for digital assets. With BitGo managing its reserves, USD1 aims to promote transparency and trustworthiness. These are two critical factors for retail traders and beginners entering the crypto space.

Additionally, USD1 is compatible with major blockchain networks, such as Ethereum and Binance Smart Chain (BSC), making it versatile and accessible for a wide range of use cases. Whether you’re looking to trade cryptocurrencies, participate in 

 (DeFi) or make cross-border payments, USD1 provides a seamless solution.

Why is World Liberty Financial launching a stablecoin?

The decision to launch USD1 stems from World Liberty Financial’s vision to empower individuals and institutions with secure and accessible financial tools. Here are some key reasons behind this strategic move.

Addressing the demand for stablecoin alternatives

The crypto market has seen exponential growth in recent years, with stablecoins playing an increasingly prominent role because of their innate stability. Retail traders are seeking alternatives to traditional banking systems that offer faster transactions and lower fees. That's where USD1 comes in, as it caters to this demand by providing a stable digital asset that’s fully backed by short-term US treasuries, US dollar deposits and other cash equivalents. Additionally, USD1 eliminates transaction fees on minting and redemption, making it even more accessible for users in the market for stablecoins.

 face criticism over their lack of transparency regarding reserve management and overall transparency. To combat this, WLFI aims to set a new standard for trustworthiness in the stablecoin industry with transparent backing. Also, by partnering with BitGo and delegating it to hold its reserves, WLFI aims to ensure a high standard of transparency and security for users and institutions alike as USD1 reserves are subject to quarterly independent audits and real-time on-chain verification.

DeFi has revolutionized the way people access financial services, but it relies heavily on stablecoins for liquidity and transactions. USD1’s compatibility with multiple blockchains like Ethereum and BSC ensures seamless integration into DeFi protocols. This multichain approach supports a wide range of use cases, from retail payments to institutional liquidity management and cross-border settlements.

USD1 would operate as a fully-backed stablecoin that maintains its peg to the US dollar through meticulous reserve management and blockchain technology integration. Here’s a deeper look at its inner workings.

As previously mentioned, each USD1 stablecoin is backed by an equivalent amount of reserves held in US dollars or highly liquid US Treasury securities that are held in custody by BitGo. Thanks to this institutional-grade security and transparency designed to verify reserve holdings, users will be inclined to have more confidence in the stability of their assets.

USD1 is designed to function on leading blockchain networks, such as Ethereum and BSC. Its smart contracts have undergone independent security audits, and utilize multi-signature approvals for transactions, ensuring robust operational security. This interoperability allows users to transact across multiple platforms while benefiting from low fees and high-speed transfers.

WLFI prioritizes compliance with global regulations to ensure that USD1 remains a trusted asset for users worldwide. The platform incorporates 

 protocols, making it suitable for both retail and institutional users who require compliance with international financial standards. By adhering to strict guidelines and conducting regular audits, the company minimizes risks associated with regulatory scrutiny.

How will this impact the current crypto landscape?

The introduction of USD1 has significant implications for the broader crypto ecosystem.

USD1 enters a market dominated by established players like 

. By placing an even greater emphasis on transparency, security and compliance, USD1 adds to the ongoing evolution of industry standards. Its approach may encourage further improvements across the stablecoin ecosystem as the market continues to mature.

Empowering retail traders and driving institutional adoption

For retail traders, USD1 effectively offers an accessible way to engage with crypto without worrying about volatility. Its user-friendly design could encourage more individuals to explore digital assets.

On the institutional side of things, USD1’s regulatory-first design and institutional-grade infrastructure are likely to attract greater institutional participation, providing reliable liquidity for trading, settlement and DeFi applications.

USD1’s transparent reserve management and compliance features may set new industry benchmarks, pressuring other stablecoin issuers to adopt similar practices and potentially shaping future regulatory frameworks.

Stablecoins are integral to DeFi protocols as they provide liquidity for lending, borrowing and trading activities. With its compatibility across major blockchains, USD1 could become a preferred choice for DeFi participants seeking reliable assets.

USD1’s stability makes it an ideal tool for cross-border payments and remittances. By eliminating currency conversion fees and delays associated with traditional banking systems, this stablecoin could revolutionize international commerce.

However, USD1’s launch has also raised concerns regarding potential conflicts of interest, regulatory arbitrage and political influence, highlighting the need for ongoing oversight as stablecoins gain prominence. These risks and criticisms extend beyond the typical scrutiny faced by stablecoins, touching on issues of governance, constitutional law, financial stability and the integrity of US political institutions.

Conflicts of interest and political influence

USD1 stands apart from other stablecoins due to its direct association with a sitting or former US president and his family, who reportedly control 60% of World Liberty Financial’s equity. This unprecedented overlap between private financial interests and public regulatory power raises the specter of significant conflicts of interest. Critics argue that a major political figure issuing a stablecoin could shape regulations to benefit their own financial product, or monetize public policy for personal gain. Such actions could ultimately blur the line between state and personal interests and undermine democratic safeguards.

The introduction of USD1 raises concerns about regulatory arbitrage, whereby gaps in regulations could be exploited. Thus, there are understandably fears that political influence could compromise the impartiality of regulatory agencies, undermining oversight. 

Furthermore, if USD1 gains widespread use without strong federal oversight, it could pose a systemic risk to financial stability, potentially opening it to use for political leverage. Questions also persist regarding the transparency and real-time verification of USD1's reserves, despite claims of full backing by US Treasuries managed by BitGo.

Due to the global and open nature of stablecoins, USD1 could potentially be acquired by anyone, including sanctioned individuals or foreign governments, raising concerns about foreign influence. Observers worry that foreign entities might use USD1 to gain favor or leverage over US policy, bypassing traditional safeguards. Additionally, reported investments from controversial figures under investigation are fueling concerns about the potential for illicit funds entering the DeFi system through USD1.

The potential for those controlling USD1 to influence its regulation creates a conflict of interest, opening doors for market manipulation. Access to regulatory levers and inside information could allow them to unfairly advantage USD1, damaging market competition and investor trust. This situation could also set a dangerous precedent, encouraging other political figures to launch similar ventures — and further blurring the lines between public service and private financial gain.

Calls for oversight and legislative action

In response to these multifaceted risks, prominent lawmakers are demanding ethical investigations and the implementation of stronger regulatory frameworks specifically designed to address the challenges posed by “politically connected” stablecoins such as USD1. Ongoing congressional debate surrounding stablecoin legislation highlights the urgent need to establish clear rules to ensure transparency, compliance and the protection of both the financial system and democratic processes as these digital assets become more globally integrated.

World Liberty Financial’s launch of USD1 marks an important milestone in the evolution of stablecoins. By emphasizing trustworthiness, transparency, usability and regulatory compliance, USD1 addresses key concerns faced by retail traders and institutions alike. Whether you’re new to crypto or an experienced trader looking for reliable assets, USD1 offers a secure gateway into the digital economy. As stablecoins continue to play an essential role in driving global crypto adoption, innovations like USD1 pave the way for a more inclusive financial future.

Intermediate

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USD1: World Liberty Financial's solution to stablecoin demand

Explore how Enzyme (MLN) empowers decentralized, tokenized fund creation and management, revolutionizing DeFi investment for all users.

 (DeFi) protocols have been around since 2015, when the 

 (ETH) blockchain was born. For the past decade, DeFi has been a major driving force in the crypto industry. As it often happens, things that worked perfectly in the early years of the DeFi revolution no longer adequately meet the needs of today’s users.

In order to stay competitive and relevant, DeFi protocols need to adapt to the evolving nature of the industry. New features that are quickly becoming must-haves include cross-chain functionality, architectural modularity, 

 (AI) and, importantly, user empowerment. This last point is probably the most important one — DeFi solutions today need to support decentralized protocol management, and allow their end-users to be the real driving force behind the platforms' value-generating activities.

Enzyme Finance, formerly known as Melon Protocol, is a DeFi platform that allows users to create and manage tokenized funds and strategies that other users can invest in. Enzyme aims to empower DeFi users by allowing anyone to become an investment manager or crypto investor — or both. Enzyme fund managers generate value for themselves, other users and the protocol, while fund investors support value-generating activity with their liquidity contributions.

 (MLN) is an Ethereum-based DeFi protocol that allows users to create tokenized investment products on-chain. 

Other platform users can invest in these funds to earn returns. These tokenized products, created as vaults, follow various trading strategies set by the vault creator. Additionally, creators can assign delegated traders to their vaults who can optimize the strategies followed by the vault. As such, Enzyme acts as a decentralized noncustodial solution that serves the needs of skilled crypto fund managers, traders and ordinary investors who would like to see their investments grow.

Enzyme’s protocol empowers the various groups of DeFi users and breaks down the barriers to entry to investment management, active trading and investing. In the world of traditional asset management, creating and launching an investment fund product is an extremely costly and time-consuming procedure. It could take aspiring institutional entities months, if not years, to get their fund vehicles approved, and the financial requirements for a successful asset management product are often staggeringly high, sometimes running into millions of dollars.

In stark contrast to the onerous requirements of traditional funds, launching your tokenized fund product on Enzyme Finance can take from minutes to a few hours at most. There are no significant capital requirements for a vault, either, and fund creators can assign a variety of fees and rules for joining their investment vehicle. Therefore, investors might need to meet certain requirements, depending upon the settings defined by the vault creator.

Enzyme Finance is among the oldest surviving DeFi protocols on the market. The project was initially conceptualized and founded in 2017 under the name Melon Protocol by mathematician Rito Tinkler and former vice president of Goldman Sachs, Mona El Isa, who also acted as the CEO of Melonport, the now-defunct private company behind the Melon Protocol project.

In 2019, Melon was launched on the Ethereum 

. The following year, Melon rebranded to Enzyme. Over the years, the platform underwent multiple version upgrades, culminating in the latest version, Enzyme v5. The latest version of the protocol has implemented (or aspires to implement within 2025) several innovations and improvements, including more cross-chain product options, better architectural modularity, simplified protocol fees, 

 as its infrastructure layer to support vault creation, depositing, trading strategy execution, cross-chain transfers and other key functions required for tokenized fund management and investing.

Vault creators are provided with easy-to-use tools to launch their tokenized asset management funds and execute fund operations — without any programming skills required. These tools help creators automate strategies to do the following:

Creators can also assign the role of Delegated Trader to users who are ready to help optimize the vault's yield using their own strategies.

Another key user group is the depositors, who invest their funds in the vaults to earn returns.

The platform also welcomes builders — developers who can contribute their own third-party solutions to improve the Enzyme ecosystem. Typical contributions by builders include the functionality to bridge Enzyme vault strategies with off-platform (and often, off-chain) financial vehicles. Builders also help develop specialized products for additional functions on Enzyme — such as an app to attract early liquidity, users and investors for projects at a pre-launch stage.

Enzyme.Blue is a specialized solution for institutional entities. It acts as an all-in-one platform for tokenized asset management, trading, analysis and valuation. While anyone can use the core Enzyme protocol, Enzyme.Blue provides all the necessary tools for complex fund management that addresses the needs of the most sophisticated enterprise users.

Using Enzyme.Blue, institutional digital asset managers can access over 30 DeFi protocols for features like 

Enzyme.Onyx is another enterprise-grade, packaged solution offered by Enzyme Finance. To be launched in the summer of 2025, Onyx offers institutional asset managers an advanced wallet tokenization layer. Wallets linked to Enzyme.Onyx can be used to seamlessly collect deposits from multiple participants and allocate the funds to a virtually unlimited variety of protocols and strategies.

Onyx is envisioned as a tokenization and asset management solution with more options in terms of assets and accessible blockchains than Blue. Per the project’s website, Onyx will boast network compatibility with any blockchain, whereas Enzyme.Blue is compatible with Ethereum, Base, Arbitrum (ARB) and Polygon (POL). Unlike Blue, Onyx will boast ultimate cross-chain accessibility. The number of cryptocurrencies supported by Onyx will be “unlimited,” while Blue features support for over 200 crypto assets.

Enzyme.Myso is a secure platform for creating, managing and trading on-chain options strategies. For options traders, Myso provides a rich set of customizable features. It also boasts wide token support, deep liquidity and on-chain, noncustodial settlement.

Enzyme.Myso may be an ideal product for options-based strategies for a wide variety of 

 entities. A typical user of Myso could be a digital asset management firm, a crypto whale or a 

MLN is Enzyme Finance’s native cryptocurrency. An ERC-20 asset on Ethereum, the MLN token has a number of key functions within the protocol. To begin with, users pay fees on Enzyme with MLN to utilize the services offered by the platform, including launching vaults and investing in them. MLN that’s collected from the protocol’s fees is automatically 

 in order to maintain supply scarcity for the asset.

The Enzyme network has also committed to minting 300,600 MLN each year to fund its ecosystem development. The Enzyme Council DAO can then allocate these MLN funds as grants to promising initiatives. Any unused MLN from these yearly allocations is burned at the end of the year.

Additionally, going forward, the token is envisioned to be used for governance as well, so MLN token holders will have the right to vote on the direction of/changes to the protocol.

MLN has a total and circulating supply of 3,001,195, with no specified supply cap.

 in Bybit's Innovation Zone as a Perpetual contract based on USDT. The contract allows you to trade with up to 50x leverage.

As of Apr 29, 2025, the MLN token is trading at $9.51, which is 96.3% lower than its ATH of $258.26 on Jan 4, 2018, and 430.5% higher than its ATL of $1.79 on Mar 13, 2020.

Long-term price forecasts for MLN are mostly bullish. DigitalCoinPrice 

 of $32.15 in 2027 and $48.73 in 2030, respectively, whilePricePrediction 

Enzyme Finance helps fund managers decentralize traditional asset management and apply diverse investment strategies. Its technology is among the leading solutions for institutional entities to launch completely customizable, own investment funds in the area of on-chain asset management. For individual users, the protocol can also be a great source of cost-effective investments, thanks to the variety of vault strategies it offers.

Additionally, the platform's enterprise-focused products enhance user experience by providing a unified asset management environment with a rich tool set to manage the most complex strategies. 

Thanks to Enzyme, cryptocurrency portfolio management has never been easier, both for fund managers and investors.

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Enzyme (MLN): The backbone of tokenization finance

Bybit Learn

DeFi

Explainers

Altcoins

Celo is a carbon-negative EVM-compatible Layer 1 protocol built to facilitate decentralized social payments for mobile users.

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 (DeFi) attracts more users, exciting new protocols are gaining momentum. One such platform, Celo, promises to become the “WhatsApp of DeFi.” In this article, we’ll learn what Celo is, how it operates, why it may be a good investment — and how you can purchase CELO tokens through Bybit.

 protocolthat allows mobile users worldwide to make simple financial transactions with cryptocurrency. 

The platform has its own blockchain that features one native token and three 

 (cUSD, cEUR and cREAL). Celo has also partnered with the two most prominent stablecoin projects, 

, to integrate the native versions of each stablecoin into its blockchain, expanding its reach to the broader crypto market.

Celo was created in 2017 by GoDaddy executives Rene Reinsberg and Marek Olszewski and 

. The company immediately attracted major investors, raising $46.5 million between 2018 and 2020 through the sale of CELO tokens. Capital firms like Social Capital, Andreessen Horowitz and General Catalyst were among the principal investors. The Celo blockchain then launched on Earth Day 2020 as the first carbon-negative 

As the platform grew, its founders were able to build the infrastructure necessary to meet their objectives. Now, Celo provides global payment infrastructure that crypto users can easily access from mobile devices via stablecoin provision and credit solutions. The company’s blockchain can also host 

 (DApps), making the platform a potential hub for web3 activity. 

, facilitate the creation of DeFi DApps. Additionally, its 

 enables developers to build NFT projects on Celo. 

While Celo’s general notion of blockchains and decentralization parallels similar crypto services, its focus on mobile access sets it apart. The Celo blockchain has been designed to unite all the mobile phones in the world within a single decentralized framework. 

Celo is built with a full-stack approach that comprises three interacting stacks: the PoS blockchain itself, Celo core smart contracts and the DApps running above the protocol. Its blockchain uses a Byzantine fault tolerance 

 to allow the system to govern itself. Its 

, which are managed by decentralized governance, are EVM-compatible and upgradeable. 

Celo has become a “green” blockchain by automatically offsetting its carbon footprint since its first block, sending CELO daily to an on-chain 

 that provides the basis for the system’s governance and general organization. Holding this token is what allows users to participate in governance decisions and earn rewards. The organization also holds these tokens alongside other crypto assets as a part of the blockchain’s reserves.

Celo facilitates mobile transactions through the use of its platform-native stablecoins (cUSD, cEUR and cREAL). These stablecoins are pegged to various fiat currencies through an algorithmic reserve that features a smart contract–based stability mechanism called 

crypto assets such BTC, ETH and USDT in the Celo Reserve

. These algorithmic stablecoins can be used for any transaction in the centralized finance (CeFi) and DeFi apps in the Celo ecosystem using a mobile number, and can also be used to pay for 

Celo is extremely popular with users because it has a wide variety of uses. The mobile-first approach makes the blockchain an excellent choice for conducting instant international transactions. Generous rewards, meanwhile, have attracted many users to the idea of holding Celo stablecoins. Pledging CELO coins can net investors a passive income, and the platform’s decentralized nature makes it a great choice for anyone committed to the future of DeFi.

While Celo crypto was already an attractive investment in the years immediately after its founding, it has become even more popular since its hard fork in 2021. This major change to the protocol, called the 

, gave Celo EVM compatibility, facilitating interoperability with the 

 (NEAR) blockchains. By further integrating itself within the larger crypto ecosystem, the Celo blockchain has become an easier place for mobile users to trade.

Curious about Celo’s unique selling point as compared to other blockchains? While Celo still lacks the name recognition and widespread popularity of several other platforms, its speed, low transaction fees and mobile focus could see it grow exponentially in the years ahead.

Ultimately, as a crypto investor you’ll have to determine how the Celo blockchain stacks up against its competitors before deciding where to place your digital holdings. If low fees and higher speed are important to you, then Celo could be a better option. In the following section, we’ll pit Celo against popular Layer 1 blockchains Ethereum and NEAR.

Celo and Ethereum are both blockchains built to further DeFi’s proliferation. However, they are vastly different entities. Ethereum, for now, remains by far the more popular platform, rivaling Bitcoin’s mainstream recognition. Celo, while still not as popular, could someday match Ethereum’s fame by focusing on its niche, the mobile market. Unlike Ethereum, Celo’s primary purpose is to serve mobile phone users.

There are several ways in which Celo has intentionally deviated from Ethereum’s model as its founders seek to set a separate course. For one thing, users can pay Celo’s transaction fees in crypto assets besides CELO coins, the blockchain’s native token. This grants users greater flexibility in managing their digital holdings. Ethereum, on the other hand, requires users to pay fees in the platform’s native token, Ether.

Thanks to the unique structures within the Celo blockchain, blocks can be built in just five seconds. Ethereum, meanwhile, requires over 12 seconds to build a block. These considerable benefits could see Celo gain in popularity at Ethereum's expense.

As protocols launched around the same time and for similar purposes, Celo and NEAR make for an instructive comparison. NEAR remains the more popular blockchain, thanks largely to its larger range of potential uses. The 

 protocol can support independent wallets and other forms of self-custody, making it an attractive choice for crypto investors tied strictly to the notion of decentralized finance. Celo, meanwhile, relies to a greater extent on outside entities like official wallets and crypto exchanges.

The Celo blockchain outperforms NEAR in terms of cost and transaction speed. Completing a transaction on NEAR can take up to 60 times longer than it would on Celo, and confirming those transactions is more expensive. Once again, Celo’s speed and affordability may help it to become a central player in the world of mobile crypto transactions.

The CELO coin is the native token behind the blockchain’s governance and general operations. If you’re looking to participate in the Celo crypto protocol, understanding and investing in CELO coins is the obvious place to start.

, it’s often best to begin with the price of each individual token. As of May 27, 2024, each CELO coin is 

, a significant decrease of over 90% from its 2021 ATH of $9.82, but also substantially higher than its ATL of 

There are only 1 billion CELO coins in existence, with 

Despite recent price dips, there are reasons to think the CELO coin could become much more valuable in the future. After all, the coin is undergirding a system designed to boost mobile transactions, and the future of DeFI will likely depend on such systems. If CELO crypto gains in popularity thanks to its mobile-friendly model, then the CELO coin would correspondingly increase in value.

Crypto investments are inherently risky, and you can never be certain that a particular token will increase in price. Many tokens are tied to ideas, more than to products with existing value. This inherent intellectualization of the process makes it hard to predict winners and losers. With that said, there is reason to believe that the CELO coin could be worth adding to a diversified portfolio.

When considering the CELO coin’s potential, it’s important to remember how Celo could fit into the internet of the future. Web 3.0 is likely to consist of a series of decentralized applications with different cryptocurrencies, allowing for quick, affordable transactions. If the current internet is anything to go by, users will likely access digital platforms through their mobile devices. The Celo blockchain, with its focus on mobile users, is well placed to become a central component of this next-generation digital infrastructure.

Future internet users could come to see Celo as the WhatsApp of the crypto world. If many people, eager to play a role in governing the protocol, invest in CELO coins, they would thereby increase the value of the native token. Decentralized app developers will also appreciate the blockchain’s flexible framework. Together, these factors suggest Celo has a sustainable model that could grow in the months and years ahead.

Not only is the Celo blockchain primed to play a major role in web3, but the CELO coin’s inherent stability should also appeal to crypto investors. The Celo reserve remains calm and stable, guaranteeing the value of Celo stablecoins and providing a firm foundation for the entire system. This fundamental stability gives the Celo Foundation the leverage to scale the protocol in a safe, responsible manner.

In a bid to further optimize the payment process in the real world, the Celo team has 

 Stack. This migration would bring about several benefits, including:

Every crypto investor should be on the lookout for tokens that have both future promise and present stability. The CELO coin, thanks to the innovative nature of the Celo blockchain, has both of these essential qualities. If you’re willing to take on the inherent risk of a crypto investment and you’re looking for a particular token, CELO isn’t a bad choice.

While it’s almost always impossible to predict future prices with any sort of precision, experts can assess a coin and the blockchain protocol behind it before setting general expectations. In the case of the CELO coin, the genuine promise of the mobile-friendly model could lead to a long-term increase in price.

CELO experienced a brief spike in mid-March 2024 to $1.75, though it quickly tumbled to a low of $0.76 within a month. The coin has been trading sideways since that time. Despite the recent drop in CELO’s price, however, many forecasters hold favorable predictions for the CELO coin. DigitalCoinPrice 

 to cross $2 by 2025 and surge to $6.68 by 2030. CoinCodex is more bullish on CELO in the short term, 

 will reach $4.16 in 2025 but retrace slightly to $3.59 by 2030.

Remember that these predictions are based on a set of assumptions about the future that can’t be confirmed today. The crypto market, not to mention the world as a whole, is volatile. While experts can make educated predictions about what the future will hold, CELO’s price will ultimately depend on a slate of unforeseen factors that the world has yet to reveal. As always, we recommend you 

Now that you know what Celo is, let’s learn how to actually invest in CELO tokens. Buying and selling CELO is simple on the Bybit trading platform through either the 

From May 14—May 30, 2024, you can participate in two Celo events on Bybit to grab your share of a 

. The first is a Token Splash event, in which new and existing users can deposit CELO, or deposit USDT and trade CELO to earn from a total 100,000 USDC Prize Pool. The second is a 100,000 USDC CELO Airdrop, in which 5,000 lucky winners will receive 20 USDT each.

For beginners who want to know more about Celo, we hope our guide satisfies you. All in all, it’s a blockchain protocol designed to help mobile traders quickly and cheaply conduct crypto transactions. The system’s native token, CELO coin, allows for a PoS governance model, with the associated stablecoin giving the entire Celo framework stability. If you think Celo’s approach could make it a mainstay in the future of decentralized finance, then CELO might be worth your investment.

What Is Celo (CELO): The Mobile-first Blockchain for Phone Users

Compete for 2,500 USDT Every Week

What Is Celo (CELO): The Mobile-first Blockchain for Phone Users

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT Every Week

Grab Up to 5,000 USDT in Rewards