TAIKO layer 2 token debuts on Revolut, gaining access to over 45 million users

Ethereum layer 2 project Taiko has launched its native token, TAIKO, on Revolut, one of Europe’s largest financial super-apps.

According to an Apr. 8 press release, Taiko is now available to Revolut’s 45 million users across 50 countries, marking a big step in bringing the token to the mainstream. Through the Revolut app, users can now purchase the token directly, providing a simple fiat-to-crypto on-ramp and possibly boosting liquidity. 

Taiko is the first layer 2 to utilize the “based rollup” design, which makes use of the native security and sequencing features of Ethereum. Its design boosts speed and scalability without sacrificing decentralization. Vitalik Buterin, co-founder of Ethereum, has praised the project for its architecture, describing it as “ideal for Ethereum scaling.”

Taiko has already seen massive growth since its mainnet launch in June 2024, handling more than 2 million daily transactions and registering over 210 million distinct wallet addresses.

Revolut’s listing expands Taiko’s reach and complements the fintech giant’s traction in the crypto industry. The platform has been growing its crypto offerings, launching Revolut X, a crypto exchange for advanced users, in November 2024.

In addition to the token listing, Taiko has been making progress in its ecosystem. In an Apr. 4 update on X, Taiko announced the formation of its DAO Security Council, featuring top names like Nethermind, Aragon, Halborn Security, L2Beat, and Chainbound.

Taiko also completed its first testnet batch since the Pacaya upgrade, a technical update that speeds up the network and improves scalability by optimizing how transactions are processed.

Despite the Revolut listing, TAIKO is yet to recover from its recent price slump, which was triggered by market-wide uncertainty following Trump’s ongoing trade war. The token is down 13% over the past 10 days, currently trading at $0.56 with a market cap of around $54 million,