Celo Ecosystem
0.00%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
396 CELO 396Celo | $0.07632 | −1.94% | −0.85% | 22.07% | $46.32 M | $76.39 M | $12.96 M | |||
740 BRLA 740BRLA Digital | $0.1957 | 0.67% | 0.08% | 0.38% | $20.48 M | $500,752.65 | $187,312.00 | |||
5584 CKES 5584Celo Kenyan Shilling | $0.007743 | −0.05% | 0.10% | 0.02% | $80,113.78 | $80,113.78 | $248.09 | |||
5693 UBE 5693Ubeswap | $0.0003987 | −1.82% | −6.25% | 16.94% | $73,304.37 | $99,675.00 | $2,495.50 | |||
10287 MLA 10287Moola | $0.006187 | −3.48% | 0.24% | 13.45% | -- | $10,641.64 | $2.76 | |||
11864 CHAR 11864Biochar | $202.34 | −0.74% | 0.71% | 0.09% | -- | $140,019.28 | $214.65 |
Frequently Asked Questions
What is the Celo ecosystem?
The Celo ecosystem is the set of tokens and applications built on Celo, a mobile-first, EVM-compatible blockchain focused on real-world payments. Celo completed its migration from a standalone Layer-1 to an Ethereum Layer-2 in March 2025. The Celo ecosystem centers on Mento local-currency stablecoins, which let users transact in familiar national currencies on-chain. For investors, the Celo ecosystem is a bet on emerging-market, stablecoin-driven payments rather than speculative DeFi throughput. DropsTab tracks a curated set of Celo-ecosystem tokens anchored by the native asset CELO.
Which projects are part of the Celo ecosystem?
The Celo ecosystem's tracked projects center on CELO, the native gas and governance asset, and Ubeswap (UBE), a Celo-native decentralized exchange (DEX). Local-currency stablecoins form the strongest theme: BRLA Digital (BRLA, Brazilian real), Celo Kenyan Shilling (cKES), Celo South African Rand (cZAR) and PUSO (Philippine peso). PARSIQ (PRQ) provides on-chain data monitoring, and Biochar (CHAR) links to carbon and ReFi use cases. For investors, the Celo set concentrates on payments infrastructure, so DropsTab tracks these tokens for side-by-side comparison.
What stablecoins run on Celo?
Celo runs Mento-protocol local-currency stablecoins spanning USD, EUR and multiple emerging-market currencies. The flagship Mento stablecoins are cUSD (Celo Dollar) and cEUR (Celo Euro), the highest-cap pegs on Celo. Emerging-market pegs include Celo Kenyan Shilling (cKES, launched May 2024), Celo South African Rand (cZAR) and the Philippine peso stablecoin PUSO. BRLA Digital (BRLA) is a Brazilian real stablecoin issued independently by BRLA Digital — BRLA is not a Mento-protocol asset. According to DropsTab, these stablecoins target payments across Brazil, Kenya, South Africa and the Philippines.
How are Celo's Mento stablecoins backed?
Mento-protocol stablecoins on Celo are over-collateralized, backed by a diversified on-chain crypto reserve rather than a single fiat account. The Mento reserve holds a basket of crypto assets and is designed to exceed the value of outstanding stablecoin debt at all times. For investors, over-collateralization means Mento pegs carry reserve price-risk — reserve value moves with CELO, BTC and ETH prices, so the backing is robust but not risk-free. The live Mento reserve balance and collateralization are published on a public dashboard, updated in real time.
Why did Celo migrate from Layer-1 to Layer-2?
Celo migrated from a standalone Layer-1 to an Ethereum Layer-2 in March 2025, re-anchoring Celo inside Ethereum's security and liquidity while keeping its payments identity. The Celo L2 is built on the OP Stack with EigenDA for data availability. The migration cut block time from roughly 5 seconds to about 1 second, improving payment finality for mobile users. For investors, the L2 move increases Celo's composability with Ethereum DeFi but adds dependency on OP Stack, EigenDA and Ethereum settlement.
What does the CELO token do?
CELO is the native gas and governance token of the Celo Layer-2 blockchain. CELO pays transaction fees across the network and lets holders vote on protocol upgrades and treasury decisions. Beyond fees, CELO is a volatile asset whose price drives the value of the crypto reserve securing Mento local-currency pegs. For investors, demand for CELO is tied to Celo ecosystem payment activity and governance participation rather than speculative yield. CELO is the Celo ecosystem's primary search-demand and navigation target.
How is the Celo ecosystem ranked by market cap?
Analysts rank the Celo ecosystem primarily by the market-cap ranking of CELO, on-chain DEX volume, and stablecoin float — the circulating supply of Mento stablecoins. No single aggregate TVL (Total Value Locked) figure is standardized across sources for the Celo ecosystem, so investors should treat any one TVL number cautiously. Ubeswap (UBE) volume serves as a proxy for on-chain trading activity. DropsTab lets investors compare Celo-ecosystem tokens side by side on market-cap ranking and structural metrics rather than a single blended figure.
What are the risks of investing in Celo ecosystem tokens?
Celo ecosystem tokens carry regulatory risk: local-currency stablecoins like cKES, cZAR and PUSO face jurisdiction-specific rules in Kenya, South Africa and the Philippines. Concentration risk is elevated — the Celo tracked set is small and leans heavily on Mento as the reserve backbone. Reserve price-sensitivity is a structural risk: the Mento reserve's value moves with CELO, BTC and ETH, so Mento pegs are over-collateralized but exposed to crypto drawdowns. Celo's Layer-2 design also adds dependency on OP Stack, EigenDA and Ethereum settlement.
How can you track Celo ecosystem projects on DropsTab?
DropsTab tracks the Celo ecosystem through a category scanner that lists CELO, Ubeswap (UBE), the Mento-linked stablecoins and other Celo tokens with filters for market-cap ranking and structural metrics. Investors can compare Celo tokens side by side, monitor Vesting schedules and Fundraising data where available, and set Drops Bot alerts for price or listing moves. For a mobile-first payments ecosystem, the scanner surfaces the local-currency stablecoin theme spanning Brazil, Kenya, South Africa and the Philippines in one view.