Celer Network
Current price
$0.002664
−14.26%24h
LiveUpdated 14s ago
TodayCeler Network drops 14.3%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.97%
- 24 hours−14.26%
- 7 days−9.45%
- 30 days+28.29%
- 1 year−53.37%
Celer Network's move in context
Lagging the market today
−14.26% today against −3.24% for the market as a whole, a gap of 11.0 points. A gap this wide suggests something specific to Celer Network may be moving it, not just the market mood.
Trend has turned
−9.4% over 7 days and +28.3% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Celer Network
Overview
Celer Network is a layer-2 scaling solution designed to enhance the speed, efficiency, and usability of blockchain applications. Its primary objective is to make blockchain infrastructure accessible for a wide range of decentralized applications. Celer Network operates on the principle of enabling fast, secure, and low-cost transactions while supporting a variety of use cases including decentralized finance (DeFi) and gaming. By utilizing a unique combination of state channels and roll-ups, Celer Network differentiates itself from other scaling solutions, maximizing transaction throughput while minimizing latency and costs.
Technical Features
Celer Network employs a hybrid architecture that integrates state channels for off-chain transactions and an on-chain layer that ensures security and scalability. Its consensus mechanism focuses on establishing fast and efficient off-chain transactions, facilitating instant payments that do not burden the main blockchain with excessive traffic. The security model of Celer Network relies on its ability to ensure that off-chain transactions are valid through cryptographic guarantees. Moreover, the platform utilizes Celer’s Generalized State Channel technology, allowing developers to build dynamic smart contracts that run off-chain, significantly improving transaction speeds and lowering costs.
Use Cases
The primary use cases for Celer Network revolve around enhancing decentralized finance applications by providing users with faster transaction speeds and lower fees. In the DeFi space, Celer enables instant liquidity provisions and swift token swaps without the latency typically associated with on-chain transactions. Additionally, Celer supports governance mechanisms by allowing token holders to vote on proposals in real-time. It also expands the potential for non-fungible tokens (NFTs) and gaming applications, where quick and secure transactions are crucial. Furthermore, Celer simplifies cross-border payments, enabling users to send and receive crypto assets globally with minimal friction.
Development Background
Celer Network was founded in 2018 by a group of blockchain researchers and engineers, including co-founders Mo Dong, Mindao Yang, and Junda Liu, who have backgrounds from prestigious institutions such as MIT and Google. Since its inception, Celer has achieved significant milestones, including its successful mainnet launch and various partnerships with prominent blockchain projects. The network has undergone several upgrades to enhance its functionality and security, and its community has actively contributed to ongoing development efforts through feedback and collaborative projects.
Community and Ecosystem
The Celer Network community is diverse, encompassing developers, entrepreneurs, and blockchain enthusiasts who support its growth and adoption. The ecosystem features a range of decentralized applications that are built on top of Celer, including applications for gaming, DeFi, and social protocols. The network has forged partnerships with various blockchain projects and organizations to enhance its interoperability and expand its reach. Events and hackathons are regularly hosted to attract developer talent and inspire innovation within the Celer ecosystem.
Future Potential
As Celer Network continues to advance its technology, it holds great potential for transforming the blockchain landscape. The roadmap includes plans to enhance cross-chain functionalities, improve user experience, and unveil new features that cater to developers. The increasing demand for seamless transactions in the growing DeFi space and the rise in blockchain-based gaming applications suggests a prosperous future for Celer. Its innovative approach to scaling solutions positions it favorably in a rapidly evolving industry, making it a vital player in the broader adoption of blockchain technology.
Celer Network market
- Position by market cap among the coins we track.
- #300
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $25.65M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.002658High $0.003112
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.1948
- Now 1% of itReached 26 Sept 2021 · Needs +7,214% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 9.63B CELR
- 96% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 10B CELR
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 10B CELR
- The most coins that can ever exist. Some coins have no limit.
Celer Network converter
1 Celer Network = $0.002664
