My name is Liz. As Karthik already mentioned, I am the COO of Cello Corkco. This is a joint organization between Cello Labs or Cababs and the Cello Foundation. I'm also the only one standing between you and a cocktail or someone rushing home to watch the Knicks' third game . So it's an honor for me to be here.
Hmm, the first day today was amazing, um, at ETHCON. Once again, many thanks to Kartik and the global ETH team for organizing such a dynamic and insightful evening or full day of activities. The projects, possibilities, protocols for the future were truly incredible and endless. But here's the thing about the future. You actually have to build it, right?
It's not just about building prototypes or writing a white paper. You have to build it. And that's exactly what we do at Cello Best. We are building the network to become Ethereum's L2, preserving all network state from our launch as an EVM- our launch as an EVM- compatible L1 build to reach 840,000 daily active users at the peak of its popularity. Whatever, we probably did it.
And I think, just raise your hands. If you've heard of Cello, please raise your hands please raise your hands ? I think there are quite a few of you, somewhere between 30 and 40%. So this is promising. And I think after this, I promise you that you will learn something new, even if you know about us.
So, what is Cello? Cello is the number one blockchain for stablecoin payments, with a mission from its inception and genesis to create prosperity for all. We had unique innovations from the very beginning when we launched it on Earth Day 2020. Over six years of archetyping, technical features that people take for granted today. The ability to pay for gasoline with multiple ERC20 tokens multiple ERC20 tokens , including native USDC and UD USDT, as well as Tether's UST and XAT 0, which will be available soon.
He just went through the management procedure management procedure . Ultra-subscriptions, low gas fees low gas fees , mobile focus, and multi-currency – this differentiation has really led us to high-value partners coming to Cello , such as Tether, as I mentioned earlier, Circle ( mentioned earlier, Circle ( issuer of USDC), and Opera, which is publicly traded on NASDAQ, a Fortune 500 company that has over 500 million monthly active users on their browser that they regularly serve. In addition, we of course have all the leading brands from wallet and infrastructure providers, oracles, etc., DEXs and centralized exchanges centralized exchanges supporting the Cello network, which is a real advantage of our long existence, and in six years we just celebrated our anniversary. Hmm, really great high-level statistics.
Our entire network has received over 1.3 billion transactions on average. As I mentioned, we have about 600,000 active users daily. These are people with a verified phone number. Hmm, and over $263 million in total value secured as a chain and network.
Um, $6.2 billion in monthly trading volume in stablecoins. We just reached a peak this year as well, which was extremely exciting for us. Um, and so together we're really building these programmable rails for global finance, or rather for anyone, anywhere, and users of users of any level of experience, so they can enjoy the benefits of blockchain the benefits of blockchain without even realizing they're using cryptocurrency, because it's so abstract, and we've made the UIUX really seamless. So from day one, we wanted to realize this vision of becoming the global Venmo for cryptocurrencies.
And I'll show you how we achieved that, and what rails we used to get where we were going. Um, from a native stablecoin perspective, you might think there are other, larger chains and ecosystems that are leading the way, but in fact, Cello has over 25 stablecoins denominated in US dollars or, uh, local currencies: from the Kenyan shilling to the Nigerian naira, from the Philippine peso to the Colombian peso. We are the number one transport layer for USDT, which means that Tether’s USDT sees over five million active stablecoin users every week, albeit in smaller denominations, less than $10 per wallet. Hmm, because we deal mostly with emerging markets. So the volume is perhaps less than on another chain, which may have a handful of whales using the stablecoin.
But we've really found market penetration for the product, literally permeating the real world so that people can use stablecoins every day to get airtime data, to stream music, to pay for a creative project in, um, Nairobi, and that's really exciting. Hmm, as I mentioned, being the number one chain for Tether and growing, this chart on the right shows that since the introduction of native USDT, um, with the ability to pay for gas with USDT2 for seamless payments, that number has just grown and peaked again at 5 million, um, ahead of Tron, which is actually only 3 million, and everyone else. Hmm, so here's a fun fact about Cell that you might not have known until you joined us. We are also leading the way for, uh, Tether Gold, um, or as a tokenized commodity. We have over 100,000 tokenized gold holders, which is really exciting.
Over 90% of XATZ's growth is again due to our chain, which is quite impressive. People are just hoarding gold, and we have really exciting cashback programs through our mini- through our mini- wallet, which Opera created. I'll talk about that later. Hmm, and so I think we're one of the top five networks for RWA holders, which again is really exciting when you look at the numbers and realize that these are ordinary people in the world ordinary people in the world who are holding this to protect themselves from inflation and local currency volatility. The ingeniously compatible USAT Tether stablecoin, launched by Anchorage, is the next to appear on Cello after Ethereum.
The next chain after all of them or ahead of all of them. Hmm, which is also really exciting, and we have a few day one use cases lined up with self, our privacy protocol that validates your humanity. And if you can verify yourself with a biometric ID or passport, you can go to Google and get money through their online faucet and airdrop, which is very interesting. And that will be USAT cash. So all the teams are rushing to do it, and it should happen soon .
The same goes for Tether Gold. I think I've shared this before. The transaction volume to date is $4 million , people are simply using many apps to buy gold directly from Stables and get cashback. Opera Mini Pay, the browser company I mentioned earlier, which is a big collaborator of ours, has activated 15 million wallets from a small portion of its 500 million user base. They also have 80 million users who will soon be connected to the internet, these points in their browser, who will be able to exchange cash for Cello and onchain.
So, we're getting a lot more people online, which is really exciting. 430 million transactions all time. This is available in over 60 countries. It's a standalone wallet available in the Android and iOS stores with an ecosystem of ecosystem of over 50 mini-apps. So again, this is the ability to use your stables rather than just keep them somewhere, which is really exciting.
So this is something we've been working on with them for a few years now them for a few years now , and they've gone up right again in terms of their exponential growth. We have many road shows that we go to to present the right projects. Whether it's Southeast Asia, Indonesia, or Africa, which has also historically been a huge focus for us. And we just extended our partnership with Opera late last year through 2020. What's really exciting for us, sorry, 2030, which is really exciting for us.
And even more interestingly, Opera actually received, through the management of, um, our community, 160 million Cello. So, as a public company, they actually hold Cello, which is no different than DAT, which is really cool which is really cool . Speaking of rails for everyday use and the real world, we have so many interesting local currencies that are great for on-chain for on-chain forex and currency markets. Hmm, everything from G7 currencies to the Nigerian Naira or the Kenyan Shilling. Hmm, all of this is traded on our, uh, perpsteex, uh, which is native to Cello and built by some of the core ecosystem players, which is also very exciting.
He's trying to sort of chip away at this $7.5 trillion currency opportunity , which is a huge area of growth for any ecosystem, I think. Hmm, self, as I mentioned, is an exciting privacy protocol that uses biometric IDs and passports to verify ZK to allow you to verify your identity and self -disclose which elements of your data you actually want to disclose. Hmm, whether you are over 21 or not from an OFAC sanctioned country, it is indeed an easy job before KYC, in addition to many other different use cases with the deployment of the agent era and artificial intelligence. Now, more than ever , it is necessary to have the opportunity to opportunity to truly express yourself.
And as mentioned, we have a long-standing partnership with Self and Google Cloud to unlock these really interesting use cases for USAT. You can also, as a verified person, get increased search credits in the Google AI search tool for web3 developers, which is also a great benefit. You can also use Orad Drrome if you trade and work in the DeFi world to get increased profitability, which is also something new. So, here's a quick overview of where Self has been. They recently acquired LOM, a truly exciting startup, and their new CEO is Burja Shaw .
He used to head up the AI department at Uber, and they're just redoubling their efforts on how we can, in this new era that we're in , use the right tools for identification. So, we have never had stronger fundamentals to achieve this vision of a global Venmo of cryptocurrency and make sending text messages to messages to anyone in the world as easy as sending cryptocurrency in a digital asset. What does this mean in terms of information dissemination? We talked about this on CoinDesk. Vitalik came to our party on the occasion of the L2 anniversary.
We just celebrated the first anniversary of our transition to Ethereum L2. Um transition to Ethereum L2. Um , we are regularly added to the list of Grayscale assets under consideration, which is really exciting. We work with many third-party data partners like Grow the Pi, Token Terminal to create these best practices, researched analytics reports that delve into the statistics of our ecosystem and really validate it all on the blockchain. Um, Bankless seems to have called us one of the most underrated projects, which was also really exciting.
I think Ryan and David were amazed when they looked at our pie growth statistics in terms of daily active usage, and we regularly lead our Devril team, um, a lot of the agent work. Um, if you go to 8004, um, scan.io, you'll see that all of our agents are actually in the top five, um, top 10, um, against some of the larger networks, and that's really exciting, with the most reviews and so on, other kinds of industry accolades. I think you guys have seen Jing on stage before. She was called, you know, the underrated cello AF.
Um, we are also part of a superchain. Um, Vitalik praised us, which is great. He was a big fan big fan . I think he regularly supports how our ecosystem and community reflect the best principles of Ethereum and do work for the people who need it most. Um, and then we are also one of the leading networks for tokenized goods, as previously reported on Token Terminal quite recently.
Um, I think the list is endless. I think endless. I think even Jason Chaskin from EF talked about how we showed the L2 migration scheme and all the additional benefits that we were able to get from that migration and just reducing the cost of the network, which was great. Here is a quick overview of our daily active addresses. Our network's revenue has also increased on average since mid-April.
We did a major overhaul of the token economy, which was really exciting for the community, and since then we've been able to increase the minimum base fee and schedule a series of community returns so they can vote on whether to burn or continue to fund the community. So, a few weeks ago we hit an all-time high of $18,000 per day. And on average, we're now at about 4,000. It's just an exciting growth trajectory growth trajectory that we've achieved in the sense that this block space sales business is not dead. It's very much alive, especially when you have the kind of activity and usage that we've been able to achieve.
And of course, we can't do this without a fully decentralized community. So we partner with many regional Dows, which are a network of incredible self-employed people around the world, from Mexico to Colombia and all over Latin America, mainly Brazil and Argentina. The Cello Europe team is very closely connected to the work of UNDP and their fintech UNDP and their fintech accelerator, which is quite exciting. Cello Arabia and of course Africa DAO, which is made up of many of our former ecosystem members. They collaborate in Thailand, Korea, the Philippines, and India Philippines, and India .
So many of these people work in our community on our behalf and show up at places like the ETH Global Hackathons when we can't be there in person. It was also extremely exciting and important for us because they control us. And once again, a brief overview of the ecosystem and what it looks like. As mentioned, we have, you know, Veladrome, Curve, all sorts of big players: swap v3 n4, Safe integration, meta mask, all that integration, meta mask, all that . It's, um, really fascinating to watch a complete ecosystem.
I think our marketing team's stats are about a thousand projects in over 150 countries, um, each of which regularly contributes to these on-chain activity and transaction metrics, um, which again, has been stable for over a year now. Um, I'm happy to wrap this up, and yeah, if anyone has any questions, feel free to reach out to me afterwards and enjoy the rest of the evening. Nixon 4.
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