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Celer Network (ERC-20) (CELR)CELR
$0.015405
-1.48%
Celer Network (ERC-20) (CELR)
CELR Price
$0.015405
-1.48%
Rank
#227
Market Cap (24H)
$86.97M
-1.48%
Volume (24H)
$19.49M
-2.27%
Circulating Supply
5,645,454,936
Transp. Vol.
Grade
1H1D1W1M1Y
-1.48%
Celer Network (ERC-20) logo
CELR
United States Dollar logo
USD
ETH0x4f925...a81c667
ETH
Verify address & DYOR
Contract
ETH0x4f925...a81c667
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://www.celer.network/
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CELR is an Ethereum-based token that was released by a blockchain interoperability protocol Celer in 2018. The project ...Read more
Prediction

Celer Network (ERC-20) Price (CELR)

CELR Daily Performance

Today's Celer Network (ERC-20) price is $0.015405, which is down 1% over the last 24 hours. Celer Network (ERC-20)'s market cap is $86.97M. 24 hour CELR volume is $19.49M. It has a market cap rank of 227 with a circulating supply of 5,645,454,936 and max supply of 10,000,000,000. Celer Network (ERC-20) is traded on exchanges. Celer Network (ERC-20) had an all-time high of $0.178979 about 1 year ago. Over the last day, Celer Network (ERC-20) has had 0% transparent volume and has been trading on 114 active markets with its highest volume trading pairs being .

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Celer Network (ERC-20) Statistics

Celer Network (ERC-20) Price (24hr)$0.015405 (-1.48%)
Market Cap$86.97M (-1.48%)
Trading Volume (24hr)$19.49M (-2.27%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating Supply5,645,454,936 (56.45%)
All-Time High
$0.178979-91.39%
9/24/2021 (1 year ago)
7D Price Prediction
$0.015172

Price

$0.015405
Price Change
-$0.000232 (-1.48%)

All-Time High

$0.178979
Date of ATH9/24/2021
Days Since ATH376
% of ATH8.61%
Price vs ATH

Market Cap

$86.97M
Mkt Cap Change
-$1.31M-$1,307,768 (-1.48%)
Mkt Cap Rank227
Mkt Dominance
Mkt Dominance

Circulating Supply

5,645,454,936
Max Supply10,000,000,000
% in Circulation56.45%
% in Circulation

About Celer Network (ERC-20)

CELR is an Ethereum-based token that was released by a blockchain interoperability protocol Celer in 2018. The project was launched by Computer Science PhDs from MIT, Princeton, UC Berkeley and UIUC aiming to offer a convenient user experience to the members of the ecosystem. The token fuels the Celer State Guardian Network (SGN), which is a PoS (proof-of-stake) blockchain created on the basis of the cross-chain protocol Tendermint working as the message router between blockchains. The platform employs a decentralized multi-blockchain and non-custodial asset bridge with the support of over 100 tokens that can be transferred across over 30 blockchains and layer2 rollups. In addition, cBridge was built on top of Celer Inter-Chain Message Framework. Eventually, the structure proved to be highly effective. The official website of the platform states that it has helped to process more than 8 billion USD to over 160,000 users, employing more than 30 blockchains. The growth and further expansion of the network continue as its creators upgrade the system further.

The Celer platform

The Celer platform employs smart contracts deployed on chains, which work along with the SGN, a blockchain created on the basis of Tendermint. This type of architecture ensures frictionless multi-blockchain interoperability. At this, Celer users should send messages with the intention to invoke a cross-chain smart contract. In addition, they can get access to diverse assets including various tokens and NFTs across numerous blockchains. The project offers DeFi and GameFi products to diversify the proposal for investors and expand the opportunities for its users.

The members of the Celer community can enjoy the benefits of different blockchains within a single platform. The ease of using single-transaction UX is evident since there is no need to leave the system when tools and features of other blockchains are required. Thus, Celer represents a single portal providing access to numerous systems in one place.

Also, it’s worth adding that tech-savvy users can employ the platform’s infrastructure to develop their own cross-chain products. By employing Celer Inter-chain Message SDK, they can get access to such features as coherent application logic, shared states, and efficient liquidity utilization. Thus, they can access a huge system that enables easy operations across multiple blockchains hassle-free.

In June 2022, the platform launched the xAsset V2 model on cBridge which allowed users to move tokens freely across numerous supported chains. The model was designed to bridge tokens to new chains where they don’t exist yet. Thus, it transfers a selected token between a source chain and its destination chain without the necessity of liquidity provision and the lock-and-mint model that was required by the V1 model. Instead, the technology employs the burn and mint procedure for omni-directional transfers.

In March 2022, SGN V2 went live. The new version represented a Cosmos SDK created on the basis of the Proof-of-Stake consensus algorithm and using the same security mechanisms as L1 PoS blockchains. With its help, CELR works as a message router between the blockchains and thus alleviates cross-chain transactions at low cost, while maintaining a high level of security, and fast finality.

The Celer technologies

The Celer platform addresses two basic issues that are common in the DeFi industry. Since it’s impossible to reach mass adoption due to incredibly high fees, the platform employs Layer2.finance solution that enables access to the DeFi protocols at a fraction of cost. At this, the Celer Network has developed a horizontally scalable architecture enabling off-chain transactions. In this way, the platform introduces a layered architecture with innovative technical features.

The facility is operated by validator nodes that stake CELR tokens to support the system. The node operators play a significant role as they work together and contribute, in this way, to the correct execution and the consensus mechanism of SGN. Also, their work ensures the security of the Celer Inter-chain Message Framework.

The technologies employed for smooth work of the platform include the Celer Inter-chain Message Framework enabling the SGN’s message routing service. It requires SGN payments to use the service of multi-signature attestation. The fees received from users are distributed across the validators and CELR stakers. Validators contribute their efforts to enable smooth work of the system, while stakers support the system with their assets that secure the network. Also, they can make profits that they get due to the block rewards.

Celer not only provides security but also offers the choice of a security model. There are two different models that users can employ which include an optimistic-rollup inspired model and a L1-PoS-blockchain security model.

The CELR token

CELR is a utility token that was designed as a protocol asset to fuel the Celer Network. The token has several utilities. The most important one is the possibility of staking within the SGN network to ensure the security of the platform.

Users should pay a fee for using the platform’s message routing service and its storage of the multi-signature attestation. This fee resembles the payment obtained by the PoS blockchain’s validators and the associated stake delegators. The distribution of fees serves to reward CELR stakers and validators for the tasks they perform, which also contributes to the security of the network. Additionally, the SGN issues block rewards to validators producing blocks.

The Celer team

Celer Network was founded in 2018 by four Computer Science PhDs from MIT, Princeton, UC Berkeley, and UIUC. One of them is Mo Dong who previously worked as an engineer and product manager at Veriflow specializing in formal network verification. It is also worth mentioning Junda Liu who worked at Google in 2011, where he was responsible for data center-networking infrastructure. He also was the founding member of Project Fi mobile service and the Android Tech Lead for carrier services. Among co-founders, there is also Xiaozhou Li who has a number of published works in networking, distributed systems, data management, and storage. Another co-founder Qingkai Liang explored learning and control problems emerging from networked systems.

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Celer Network (ERC-20) Markets

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Celer Network (ERC-20) Historical Data

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Frequently Asked Questions

  • What’s the current Celer Network (ERC-20) price? How much is 1 Celer Network (ERC-20) worth?

    The price of 1 Celer Network (ERC-20) is $0.015405. Over the last 24 hours, a Celer Network (ERC-20) is worth -1.48% less. Visit our currency converter page to convert CELR prices to currencies other than USD.
  • When did Celer Network (ERC-20) start?

    The earliest trading data for Celer Network (ERC-20) is on March of 2019 (based on current exchange data).
  • How high can the Celer Network (ERC-20) price go?

    Celer Network (ERC-20)’s price has gone as high as $0.178979 (which is CELR’s all-time high). It achieved this price about 1 year ago. Speculations abound for how high Celer Network (ERC-20)’s price will get in the future.
  • What's the smart contract address for Celer Network (ERC-20)?

    Celer Network (ERC-20)'s smart contract address is 0x4f9254c83eb525f9fcf346490bbb3ed28a81c667.

Today's CELR / Celer Network (ERC-20) News for October 5, 2022

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