CELO Cryptocurrency Rises by 25% Following Nightfall Debut. Could This Be the Breakthrough Moment for Enterprise-Scale Crypto Transactions?
Picture yourself earning a living abroad and wanting to transfer some funds home, let’s say $500. Conventional remittance services often impose steep charges, take several days, and may require your family members to visit a bank or agent. Now imagine a different scenario! What if your loved ones could get the funds instantly on their mobile, in stablecoins, and directly utilize it in local stores or trading protocol it for cash? This is precisely what CELO crypto facilitates.
But what is
Celo
0.66%
Celo
CELO
Price
$0.4362
0.66% /24h
Volume in 24h
$190.07M
Price 7d
crypto, you may wonder? Well, it is a mobile-centric distributed database created to simplify the processes of sending, receiving, and utilizing digital currency, akin to sending a text. It is specifically designed for individuals who conduct their lives via their phones instead of spreadsheets, particularly for those in areas with limited banking facilities.
CELO isn’t aiming to replace ETH. Instead, it is sharply concentrated on achieving financial inclusivity in emerging markets. Picture it as Venmo combined with cryptocurrency, but developed for the global south.
Celo’s rise to over 650,000 active users daily is truly remarkable!
I chatted with @sodofi_ a couple of weeks back and began piecing things together:
This is how it unfolded:
> Celo targeted emerging markets (Latin America and Africa)
> Discovered quickly that mobile usage is extensive… pic.twitter.com/RZ3AeHJzgo— Samuel
CELO fuels MiniPay, a wallet integrated with the Opera browser, which is experiencing rapid growth in Africa currently. It reached over 10 million wallets and has handled more than 270 million transactions thus far. These transactions primarily encompass small, daily expenditures like groceries, school payments, mobile top-ups, etc.
Evidently @Celo not only excels in local stablecoins in Africa,
but also leads in transaction volume among local stablecoins in emerging markets both absolutely and relatively
Something significant is on the horizon from African markets
— Rafi (@_muhraf_) August 15, 2025
Moreover, with the introduction of the Nightfall Layer 3 privacy enhancement, it is also venturing into the enterprise sector.
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CELO Crypto Pump! Jumps 25% Following Nightfall Launch
Between October 1 and 6, Celo rose from $0.27 to $0.46, yielding a hefty 72.5% return within a mere five days, with 25% of that increase occurring just yesterday. The price swings also surged, with daily price variations averaging 12%.
$CELO is awakening
— CryptoBullet (@CryptoBullet1) October 5, 2025
The launch of the Nightfall Layer 3 triggered a dramatic uptick in trading volumes, soaring from $14 million to beyond $420 million as investors flocked to participate.
Starting with CELO (+31.78%): This one is on fire following Nightfall’s introduction, a privacy layer for initial enterprise-focused distributed ledger payments. Quarterly transfer volume has doubled to $7.3B due to USDT growth and protocol upgrades. Institutional adoption and optimism…
— AltcoinAron (@AltcoinAron) October 5, 2025
Currently, price base level is establishing at $0.40 with barrier level noted at $0.50. Should adoption accelerate, especially with USDT transfers on Nightfall, the momentum could receive an additional push.
(Source: CoinGecko)
In just the past 24 hours, Celo’s trading volume reached $445 million, an increase of 252% compared to the previous day. Its crypto market capitalization currently stands at $275 million, placing it at #290 on CoinGecko.
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Why EY’s ZK Rollup Could Be CELO’s Hidden Advantage?
CELO crypto, with the launch of Nightfall Layer 3, marks the first deployment of this network on a payment-centric distributed database. This is significant! With this upgrade, CELO now offers private, enterprise-level transactions that provide confidentiality alongside the openness of a public distributed record framework.
This isn’t merely for show. It’s a calculated strategy to penetrate the $180 trillion B2B payment sector.
CELO has already established itself in peer-to-peer crypto transactions with over 500,000 daily active users, $1.7 billion in stablecoin transactions monthly, and a presence in more than 150 nations. Now, it is poised to cater to both consumers and businesses in underprivileged regions worldwide.
Recent @Celo community updates:
t_ @TokenTerminal mentions Celo utilization is at a database high with quarterly transaction volume seeing a 100% increase year over year
₮ @USDT0_to has announced the launch of XAUt0 on Celo, introducing @Tether_to’s tokenized gold into the Celo ecosystem— mareko.eth | Celo L2
Nightfall’s latest iteration, Nightfall_4, employs zero-knowledge proofs to facilitate secure transfers of various crypto token types, including ERC-20, NFTs, and beyond.
Transactions are aggregated using a ZK-ZK rollup, ensuring they are quick, scalable, and significantly more affordable than traditional distributed record transfers. Moreover, this approach eliminates the necessity for intermediaries, rendering it perfect for high-value applications like circulating supply chain financing and international settlements.
With native support for USDT and USDC, gas fee abstraction, and auditable privacy features, CELO is now a formidable player in the realm of global enterprise finance.
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Key Takeaways
- CELO Crypto surged 72.5% in 5 days after deploying EY’s Nightfall Layer 3 privacy network
- Nightfall enables private, low-cost enterprise payments using zero-knowledge rollups and stablecoins
- CELO’s mobile-first design powers 10M+ wallets, positioning it for global B2B adoption
The post CELO Crypto Soars +25% On Nightfall Launch. Is This The Breakout Moment For Enterprise-Grade Crypto Payments? appeared first on 99Bitcoins.
