Marek Olszewski

And this is what Minipay is doing with a focus on a very key set of emerging markets where really the utility of having something like this just is 10x better than what they have available.

Nobody needs global Venmo in the US right now because they have Venmo.

And so you need to start somewhere where people don't have something as good as Venmo.

And so that's been a big focus, and it's just taken a while to really bootstrap those network effects.

There are...

On the order of 700K daily active users.

Is that wallets?

Daily active addresses, yes.

However, because Minipay uses this phone number-based identifier system that requires you to verify your phone number, I think we have a lot of conviction that those are

I think the majority of those users are likely many pay users.

And we know that those users tend not to Sybil because you need to have a Google account and that phone number to onboard.

And so I think there's a lot of, it's a lot, certainly a lot harder to Sybil than if you just use addresses.

If you go to Grow the Pi and you look at active addresses across the Ethereum ecosystem, you'll see that we are the number one L2.

We overtook Base late last year.

We are ahead of Polygon even.

And most of the time, we're also ahead of Ethereum Internet as well.

Since you go to Grow the Pi Fundamentals, maybe?

Yeah, so I'd say there's three big use cases now on Celo.

So there's P2P payments driven primarily by Minipay.

There's on-chain effects driven primarily by Mentos stablecoins.