Celsius Price | CEL Price, Charts

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Celsius’s price today stands at US$0.07943, with a 24-hour trading volume of $600,962. Over the past day, CEL has remained flat, recording a 0.00% change. The token currently has a circulating supply of 37.72 million CEL, contributing to its presence in the competitive decentralized finance (DeFi) and centralized finance (CeFi) landscape.

What Is Celsius Network?

Celsius Network is a centralized finance (CeFi) platform that functions as both a lending service and a retail savings solution. It enables users to earn interest on deposited cryptocurrencies and borrow against their digital assets using a fiat on-ramp for seamless access. At the heart of the ecosystem is CEL, an Ethereum-based ERC-20 utility token that powers key functionalities such as loan processing, payment settlements, and reward distribution.

One of Celsius’s defining features is its community-centric model. The platform commits to returning 80% of its earnings directly to users in the form of higher interest payouts and reduced borrowing costs. This value-sharing approach, combined with competitive APYs and minimal transaction fees, has helped Celsius attract a large and engaged user base.

To date, Celsius has served over one million registered users and facilitated more than $25.2 billion in asset loans. It has also distributed over $929 million in yield rewards, solidifying its reputation as one of the most impactful CeFi platforms in the crypto space.

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A Brief History of Celsius Network

Founded in 2017 by Alex Mashinsky and Daniel Leon, Celsius Network was built with the vision of creating a decentralized alternative to traditional banking—offering financial services without intermediaries. Initially launched as an Ethereum-based protocol, it later expanded support to include Cardano, broadening its blockchain compatibility.

The native CEL token was introduced in March 2018 with a total initial supply of 650 million tokens. The project raised $50 million during its initial coin offering (ICO), which paved the way for the official launch of its wallet in early 2019. This wallet allowed users to deposit crypto as collateral for USD loans or lend their holdings to earn passive income.

User adoption grew rapidly after launch. Within its first year, active users surged by approximately 800%, averaging a weekly growth rate of 3.06%. By February 2021, Celsius had amassed over 400,000 users and held $9 billion in community deposits. That same year, it secured $450 million in equity funding from major investors, including Caisse de Dépôt et Placement du Québec, Canada’s second-largest pension fund.

However, regulatory scrutiny soon followed. In January 2022, the U.S. Securities and Exchange Commission (SEC) opened an investigation into high-yield crypto lending products offered by Celsius, Gemini Trust, and Voyager Digital—raising questions about compliance and investor protection.

The turning point came in May 2022 with the collapse of the Terra (LUNA) ecosystem. This market shock triggered a chain reaction, causing the value of assets on Celsius’s platform to drop from over $25 billion in late 2021 to under $12 billion. The CEL token also suffered dramatically, plummeting roughly 97% from its peak of $7 to around $0.20 within a year.

On June 13, 2022, Celsius halted all withdrawals, swaps, and internal transfers, citing adverse market conditions. This move sparked widespread concern among users and marked the beginning of a restructuring phase that continues into 2025.

How Does Celsius Network Work?

Celsius operates as a blockchain-powered financial platform designed to eliminate middlemen and return value directly to users. Its core mission is to provide secure, transparent financial services while prioritizing community benefits over corporate profits.

The platform retains only 20% of interest income to cover operational costs and development, while distributing the remaining 80% back to users as rewards. This model incentivizes long-term participation and promotes loyalty across the network.

At the center of this system is the CEL token, an ERC-20 standard utility token built on Ethereum. CEL plays multiple roles:

When Celsius first launched, only half of the total CEL supply was released. Another 25% was allocated to the founding team, with the remainder locked in a smart contract. A unique mechanism tied new loan issuance to CEL’s market performance: loans would only be issued if the token stayed above $1.50 for at least 10 consecutive days—a threshold achieved in 2020.

Users can deposit supported cryptocurrencies into their Celsius accounts to earn weekly interest payments. There are no fees for deposits or withdrawals (under normal operating conditions), and funds can typically be withdrawn at any time—though this flexibility was temporarily suspended during periods of financial stress.

Interest is calculated weekly and depends on several factors, including market demand, asset type, and user engagement level.

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What Is Celsius Network Used For?

Celsius aims to democratize access to financial services by removing traditional banking gatekeepers. By enabling peer-to-peer-style lending without credit checks, it allows individuals from diverse economic backgrounds to "unbank" themselves—gaining control over their financial futures.

The CEL token is central to this empowerment. Users who hold CEL in their portfolios unlock enhanced benefits:

These incentives encourage token retention and deepen user engagement across the platform.

Additionally, CEL facilitates governance-like functions within certain promotional programs and tiered reward structures, although full decentralized governance has not yet been implemented.

Beyond individual benefits, Celsius contributes to broader financial inclusion by offering accessible tools for wealth generation in regions underserved by traditional banks.

Frequently Asked Questions (FAQ)

Q: Is CEL a good investment in 2025?
A: While CEL has faced volatility due to past platform challenges, ongoing restructuring efforts and renewed user trust could influence future performance. As with any crypto asset, thorough research and risk assessment are essential before investing.

Q: Can I still earn interest on CEL or other cryptos through Celsius?
A: Yes, but availability depends on the current operational status post-restructuring. Always verify active features directly through official channels before depositing funds.

Q: Is Celsius Network decentralized?
A: No. Despite using blockchain technology, Celsius operates as a centralized finance (CeFi) platform. User funds are managed centrally, which differs from fully decentralized DeFi protocols.

Q: What caused Celsius to pause withdrawals in 2022?
A: A combination of factors—including the LUNA crash, declining asset values, liquidity shortages, and market panic—led Celsius to suspend withdrawals to stabilize operations and begin bankruptcy proceedings.

Q: How does holding CEL increase my rewards?
A: Holding CEL qualifies users for higher loyalty tiers, which boost interest earnings by up to 30% and reduce borrowing costs by 25%. The more CEL you hold relative to your total balance, the greater the benefits.

Q: Where can I buy CEL tokens safely?
A: CEL is available on select cryptocurrency exchanges. For secure transactions and reliable trading tools, consider platforms that emphasize security and regulatory compliance.

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Core Keywords

As the crypto lending sector evolves, Celsius remains a notable case study in innovation, community-driven finance, and the risks inherent in centralized models. Whether it regains its former prominence will depend on transparency, regulatory alignment, and renewed user confidence moving forward.