Celo Gains After Network Revenue Surges 280% Following Tokenomics Overhaul

• • Celo gained as network fee revenue surged 280% over the past 90 days following a tokenomics overhaul.
• • The CELOccelerate proposal, passed in April, directly ties token value to network usage activity.

Celo gained on strong fundamental data: network fee revenue surged 280% over the past 90 days, with roughly 104% year-over-year growth per DefiLlama, following the CELOccelerate governance proposal passed in April that directly ties CELO's token value to network usage activity. The new mechanism has already triggered buybacks of around 8.5 million CELO tokens. The Celo network also recently became the first chain to support USA₮ for AI-driven payments via its x402 facilitator, expanding stablecoin use cases on the network. The current price sits around $0.1025 (Rp1837). With entry in that area, a first target of $0.1056 (Rp1893), about 3.0% from entry, and a second target of $0.1087 (Rp1948), about 6.0% from entry, open up if this network revenue growth momentum continues.

The revenue-driven buyback mechanism is still relatively new and has not been fully tested across a full market cycle; x402/USA₮ adoption is also at an early stage and may not yet translate into significant transaction volume. This scenario is invalidated if price breaks below $0.0979 (Rp1755), the current 24-hour support area.