TAIKO Token Goes Live on Revolut, with Over 45 Million Users
Taiko, a Layer 2 Ethereum protocol, has launched its native token, TAIKO, on Revolut, a European-sized fintech super-app. The launch opens up to over 45 million users in over 50 countries, marking a major step toward mainstream adoption.
A Rise in Accessibility and Liquidity
According to an April 8 press release, TAIKO is now available for purchase in-app within the Revolut app itself, allowing customers to buy it with fiat. The simple on-ramp can enhance liquidity rather radically and bring on new retail buyers who are not accustomed to tapping into traditional crypto exchanges.
Revolut’s offering makes TAIKO become one of the only Layer 2 tokens listed through a major neobank, as part of Revolut’s big push into crypto. In November 2024, the company launched Revolut X, an all-out crypto exchange for serious users.
Ethereum Scaling with Based Rollup Design
Taiko is unique for its “based rollup” architecture. Rather than relying on off-chain validators, Taiko uses the sequencing and security of Ethereum itself. This enables high throughput without decentralization loss—a tactic Ethereum co-founder Vitalik Buterin has pointed to as “ideal for Ethereum scaling.”
Since its mainnet launch in June 2024, Taiko has experienced rapid adoption, processing over 2 million transactions per day and recording 210 million wallet addresses.
Ecosystem Growth and Technical Progress
On 4th April, Taiko announced it was establishing its DAO Security Council with prominent industry players like Nethermind, Aragon, Halborn, L2Beat, and Chainbound. This is a sign of a serious focus on governance and security.
Taiko also finished its first testnet batch following the Pacaya upgrade, which improved scalability and transaction speed through effective processing.
Market Reaction and Outlook
Despite the listing in Revolut, TAIKO remains 13% down over the last 10 days, trading at $0.56 in parallel with broader market volatility over U.S. trade tensions. Nonetheless, the new listing and ecosystem tailwind may shortly turn things around for the Ethereum Layer 2 token.
