Vitalik Buterin Applauds Celo’s Focus on Developing Countries as It Becomes Ethereum L2 Solution

On September 25, Vitalik Buterin, co-founder of Ethereum, commended the recent strides in the Celo network through a published article on X. Buterin remarked,“Improving the accessibility of global basic payments and financial services has always been one of the key ways Ethereum benefits the world, and I am glad to see Celo gaining attention.” He underscored Celo’s strategic focus on developing countries, identifying this as a prudent approach given the significant challenges and opportunities in these regions. Notably, Celo has declared its transition to an Ethereum Layer 2 (L2) solution, aligning its mission and objectives with the broader Ethereum ecosystem. Moreover, data indicates that Celo’s daily active addresses for stablecoin transactions have recently surpassed those of TRON, reflecting its growing traction.