Celo Weekly Recap| Apr 11 – Apr 17, 2022

This Celo Weekly Recap is provided solely for informational purposes and does not constitute investment advice. Celo’s significant activities from April 11 to April 18 will be briefly summarized in this summary. Celo Price has been falling for the past week as the market has continued to fall dramatically. Dapps on Celo, on the other hand, continue to work to improve its initiatives. Please see the links below for more information.

Network Growth

Daily Transactions

The number of transactions this week was much lower than the previous week. This week, there were just 1333,059 transactions on the Celo system, down 26,5% from the previous week’s 1,815,156 transactions. The average number of transactions per day is 190,437, down 26% from the previous week’s average of 259,308 transactions per day.

Unique Addresses

There are currently 9,401,437 addresses in the ecosystem. This week, 111,525 new addresses were produced, or 15,932 new addresses each day on average. When compared to the previous week, this number has dropped significantly (-83%). In the previous week, 662,150 new addresses were produced, with a daily average of 94,592.

Active Addresses

This week, there are 263,177 active addresses on the system, down 46% from 494,627 last week. Every day, the system has an average of 43,862 active addresses. This number doubled last week, with 85,724 addresses making transactions during the day. Most of the newly created addresses are currently inactive.

Total Value Locked

The ecosystem’s Total Value Lock has decreased by 12.1%, from $484 million to $427 million. The TVL of the Dex stack has decreased by 3.27% to $373 million. TVL declined 4.7% to $50.68 million, indicating a drop in the lending system. In general, the Total Value Lock of the entire Celo ecosystem continues to deteriorate and shows no signs of recovery.

Highlight Events

Celo was listed on Bybit

On April 13, 2022, Celo was listed on the Bybit market with the CELO/USDT trading pair. Bybit is a well-known cryptocurrency exchange. With a daily trade volume of up to $4 billion. The fact that $CELO is now available on Bybit is a significant step forward for the Celo project.

Trade: here

Supercharge on Valora

The Supercharge initiative is being launched by Valora. With a bonus of up to 25% per year. Users just need to deposit a certain amount into the wallet (depending on the currency). Will be able to earn up to 25% in passive income. Valora currently integrates over 20 different dapps into its applications, including Ubeswap, Pinnata, and Symmetric, allowing customers to enjoy Defi services on the Celo ecosystem with only one app.

More Information at Click Here

Spotlight Projects

Top 10 Weekly Losers on Celo

Ubeswap Audit

The Ubeswap smart contract was successfully audited by Verilog and Clabs, and no problems were discovered. Limit orders put at Audit, on the other hand, will be revoked due to some minor errors. Users can now use the Limit Order feature on Ubeswap because it has been re-implemented.

More Information at Click Here

Pool Together integrated Chainlink V2

PoolTogether, a crypto-powered savings protocol based on Premium Bonds, has integrated Chainlink VRF v2 into its no-loss premium bonds protocol to help power a provably fair and tamper-proof reward distribution mechanism, giving significantly more transparency than centralized alternatives.

Start using Chainlink VRF v2 here

Find more information about: Celo

Website: https://celo.org/

Whitepaper: https://docs.celo.org/

Twitter: https://twitter.com/CeloOrg

Telegram: https://t.me/celoplatform

If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.


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