The Celo Foundation, a non-profit US-based organization that supports the growth and development of the open-source cryptographic networks has released its 2021 annual report that reveals the exponential growth of the Celo blockchain ecosystem while providing insights into the state of the industry.
While the earliest use case on the Celo blockchain was peer-to-peer payments, the ecosystem has grown and now supports a number of projects from NTFs, trading, lending, borrowing, saving, and earning rewards in cryptocurrency. As per the report, the Celo Foundation team has also grown to 54 partners working across 54 countries.
Celo 2021 Numbers
As of December 2021, the total number of addresses created on Celo blockchain had grown by a staggering 5916% year on year to 2.65 Million. The total number of transaction on the Celo blockchain rose by 5115% to 84.1 Million with the 30-Day Moving average growing by 4777% to 553,000.
As at the end of the year, the total value locked in the ecosystem was $426 Million.
The total number of developers on the Celo blockchain rose by 619% in 2021 to 3957 while the total number of active builders was up 637% to 848.
During the year, Celo disbursed $77.6 million in grants with 161 grants across 53 countries.
Read Full Report; The Celo Foundation Annual Report 2021
