馃殌 LINEA Soars Past $2.4B TVL
馃殌 LINEA Soars Past $2.4B TVL
馃殌 LINEA hits $2.4B...
LINEA's first month shows strong adoption metrics:
- Over 90% of eligible addresses claimed their airdrop
- Became the leading L2 market on Aave with ~$2.5B in deposits
- TVL surged past $2.4B with continued growth momentum
Major exchange listings across nearly every platform, with Coinbase announcing LINEA on their roadmap.
Upcoming catalysts include Linea Ignition and Linea Native Yield programs designed to offer enhanced returns on capital.
The strong metrics reflect solid user adoption following the September token launch.
It鈥檚 been almost a month since the launch of LINEA and things are looking bullish!
馃敟 Linea Ignition Week Continues
**Linea Ignition** extends its weekly rewards program with attractive lending incentives across multiple platforms. **Key Opportunities:** - Lending rewards on Euler Finance, Aave, and Turtle - Special incentives for mUSD/ETH pairs on Etherex - Additional support for ETH/LINEA trading pairs **How to Participate:** - Access lending protocols through the [Linea Hub](https://linea.build/hub/events/linea-ignition?utm_source=twitter&utm_medium=social&utm_campaign=cmp-438285-afbf08) - Swap to mUSD via DEX aggregators - Use Etherex's mUSD/USDC pools for lower fees Full program details available on the [Ignition Brevis documentation](https://linea-ignition-docs.brevis.network/).
Linea Partners with Consensys and NileExchange to Launch New DEX
Linea, the Ethereum-aligned layer 2 solution, announces a significant partnership with **Consensys** and **NileExchange** to develop a new decentralized exchange (DEX). This initiative aims to enhance liquidity across both Linea and Ethereum ecosystems. Key developments: - ZK-rollups becoming mainstream for Ethereum scaling - Growing treasury company emergence - Increased on-chain activity Linea continues its expansion following its earlier integration with Kontos, offering users reduced transaction costs and improved scalability through its zkEVM rollup network.
Boundless and Industry Leaders Unite to Advance Cross-Chain Communication
A significant development in blockchain infrastructure is taking shape as industry leaders collaborate with Boundless to enhance cross-chain communication using ZK proofs. - The initiative aims to create a universal language for cross-chain interaction - Focus areas include scaling solutions and interoperability improvements - ZetaChain integration enables cross-chain applications, including native BTC functionality This collaborative effort represents a strategic move toward more seamless blockchain connectivity and improved scalability across networks. *Learn more about the technical implementation at* [Boundless](https://boundless.xyz)
Denaria Finance Launches Public Testnet on Linea
Key updates from Linea's ecosystem this week: - **AbacusFi** introduces abcLYNX: Users can convert veLYNX to abcLYNX via LynexFi for autocompounding benefits - **Denaria Finance**, a new perpetual DEX, launched public testnet with testnetUSD trading and points system - **eforgs_on_linea** NFT community marked their 1-year milestone - **Franklin Payroll** goes live with multi-currency payment options for project contributors, supporting both fiat and crypto These developments showcase Linea's growing DeFi and NFT ecosystem while expanding payment infrastructure.