Odaily Planet Daily News: The Celo mainnet has initiated the migration process from Layer 1 to Ethereum Layer 2, and Celo block production has been suspended. After migration, Celo runs as Ethereum Layer 2 and supports native Ethereum cross chain bridging, reducing block time from 5 seconds to 1 second. Celo stated that the first batch of partners includes Aave, Fireblocks, Uniswap, and Yellowcard.
In the future, Celo's existing validators will be transformed into decentralized sorters to maintain single block finality. (The Block)