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Flash News List

List of Flash News about fee abstraction

Time Details
2025-06-02
18:57
Celo L2 Migration Boosts Chain Revenue and Increases ERC-20 Transaction Usage: Key Trading Insights

According to Celo (@Celo), after migrating to a Layer 2 (L2) solution, Celo has experienced notable trading advantages, including faster transaction finality, enhanced native bridging, and deeper liquidity. The chain has also preserved key infrastructure features such as fee abstraction and mobile-first accessibility, which are important for user adoption. Most significantly for traders, Celo reports a measurable increase in chain revenue and reveals that almost 50% of all transactions are now paid with ERC-20 tokens, highlighting a shift toward broader token utility and improved capital efficiency (source: @Celo, June 2, 2025). These developments may attract more liquidity providers and active traders, further strengthening Celo’s position among L2 blockchains.

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