TechFlow Insights
Celer is a blockchain interoperability protocol founded in 2018 by computer science PhDs from MIT, Princeton University, UC Berkeley, and UIUC, aiming to push blockchain technology toward mass adoption.
It supports a one-click user experience for accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains. Developers can use Celer's inter-chain message SDK to build inter-chain native dApps with efficient liquidity utilization, coherent application logic, and shared states.
The L2 upgrade narrative could boost Celer to some extent; Syncswap has started supporting Celr’s cETH and cBNB, and the upcoming token launch by Sync could drive momentum for celr. Now that ZIL and EOS are beginning to support EVM, projects launching on mainnet will prioritize cross-chain bridges and swaps, creating certain speculative expectations around multi-chain bridges.
Token: $CELR
The CELR token is an ERC-20 token on Ethereum, serving multiple functions such as various incentive systems and payments for services and transaction fees to off-chain service providers.
