Taiko's TAIKO Token Launches on Revolut, Aims for Mainstream Adoption

Taiko, a Layer 2 Ethereum protocol, has launched its native token, TAIKO, on Revolut, a fintech super-app with over 45 million users across more than 50 countries. This launch signifies a significant milestone in the journey towards mainstream adoption of cryptocurrencies.

According to an April 8 press release, TAIKO is now available for purchase directly within the Revolut app, allowing users to buy it using fiat currency. This simplified on-ramp process is expected to enhance liquidity and attract new retail buyers who may not be familiar with traditional crypto exchanges. Revolut's inclusion of TAIKO makes it one of the few Layer 2 tokens listed through a major neobank, aligning with Revolut's broader push into the crypto space. In November 2024, Revolut launched Revolut X, a comprehensive crypto exchange designed for serious users.

Taiko's unique "based rollup" architecture sets it apart from other Layer 2 solutions. Instead of relying on off-chain validators, Taiko leverages the sequencing and security of Ethereum itself. This approach enables high throughput without compromising decentralization, a strategy that Ethereum co-founder Vitalik Buterin has described as "ideal for Ethereum scaling." Since its mainnet launch in June 2024, Taiko has seen rapid adoption, processing over 2 million transactions per day and recording 210 million wallet addresses.

On April 4, Taiko announced the establishment of its DAO Security Council, which includes prominent industry players such as Nethermind, Aragon, Halborn, L2Beat, and Chainbound. This move underscores Taiko's commitment to governance and security within its ecosystem. Additionally, Taiko completed its first testnet batch following the Pacaya upgrade, which improved scalability and transaction speed through effective processing.

Despite the listing on Revolut, TAIKO has experienced a 13% decline over the past 10 days, trading at $0.56. This volatility is in line with broader market fluctuations, particularly those related to U.S. trade tensions. However, the new listing and the positive developments within Taiko's ecosystem may soon turn things around for the Ethereum Layer 2 token.