This is not unexpected. (1/5)
From the outset, we envisioned Celo as a transport layer for global stablecoin payments, with sub-cent fees. 5.5 years after mainnet launch, we are beginning to see network effects kick in..
How big can this get?
2 - Base did about $8M last 30d in fees which puts it roughly in the top 30 across all crypto (see full list here )
For Celo, to grow to roughly this number, with average fees at/below $0.01, it'd have to grow daily tx from 1.5m to around 25m (16x).
3 - For comparison, Celo went from as low as 60k daily tx back in Q1 2023 to currently 1.5m+ (>25x increase).
5 - I can't predict the future but to me it's less a question of whether Celo will reach 25m daily tx (or even 100m) but WHEN... maybe someone can spin up a prediction market 😆
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