Ethereum News: Celo Upgrades to Ethereum Layer 2, Boosting Scalability and Interoperability

In a significant move that underscores the growing interconnectedness of blockchain networks, Celo has successfully transitioned from a standalone Layer 1 blockchain to an Ethereum Layer 2 network. This upgrade brings numerous benefits, including enhanced scalability, improved interoperability, and deeper integration with Ethereum’s vast ecosystem.

Celo Transitions to Ethereum Layer 2

Celo has successfully migrated from a standalone Layer 1 blockchain to an Ethereum Layer 2 network. This upgrade boosts scalability, improves interoperability, and deepens integration with Ethereum’s ecosystem. Block times have been reduced from 5 seconds to just 1 second, significantly enhancing transaction speed. Native cross-chain bridging with Ethereum enables seamless asset transfers, strengthening Celo’s position as a more efficient and interconnected blockchain network.

Ethereum (ETH) Struggles in Q1—Can It Bounce Back to $3,300 in Q2?

Ethereum has endured one of its toughest starts to the year, marking its second-worst first-quarter performance in history. The cryptocurrency, which holds the second-largest market capitalization, has tumbled 38.13% since the start of 2025, nearing its worst-ever 46% decline in early 2018. Despite this, historical data suggests an average 66% surge in Q2, potentially pushing ETH to $3,300. Analysts are even more optimistic, predicting ETH could hit $4,250-$5,000, citing Wyckoff accumulation and bullish sentiment.

Explosive Ethereum Volatility? Crypto Options Signal Potential April Surge!

Whispers of a potential volatility surge are circulating in the Ethereum market, with all eyes on April. According to Nick Forster, the founder of Derive, a decentralized options platform, key indicators suggest a potential spike in Ethereum volatility. The current state of implied volatility for ETH is hovering at monthly lows, which could set up the perfect scenario for an unexpected price swing. Keep an eye on these developments and how they might impact your crypto portfolio.

Ethereum’s Final Pectra Test Goes Live On Hoodi Network

The final dress rehearsal for Ethereum’s upcoming Pectra upgrade occurred Wednesday. The blockchain’s biggest changes in over a year were tested again following a series of mishaps. The upgrade on the new Hoodi testnet was closely watched, as two previous tests failed to finalize properly. Developers created Hoodi to give ecosystem players, particularly staking providers, one more testing opportunity before the Pectra upgrade hits Ethereum’s mainnet. The test involved passing Hoodi a series of code changes meant to make Ethereum more user-friendly for both end-users and developers. One of those changes adds smart contract functionality to wallets.