$LINEA is the native token of the Linea blockchain, an Ethereum Layer-2 (L2) network developed by ConsenSys. It's a zero-knowledge Ethereum Virtual Machine (zkEVM) rollup designed to scale Ethereum by offering faster transactions, lower fees, and full compatibility with Ethereum's ecosystem, allowing developers to deploy smart contracts seamlessly without modifications. Linea emphasizes security through zkSNARK technology and maintains Ethereum's decentralization while batching transactions for efficiency.
Key Features and Tokenomics
Purpose: LINEA serves as a utility token for the ecosystem, including incentives for users, liquidity providers, and developers. Unlike many L2 tokens, it doesn't function as the gas token—Ethereum (ETH) is used for transaction fees on Linea. The token supports native yield for ETH stakers and is subject to a buyback-and-burn mechanism to potentially reduce supply over time. It has no direct governance rights.
Total Supply: 100 billion LINEA tokens.
Allocation (mirroring Ethereum's genesis distribution):
85% to the ecosystem (including users, developers, and community programs like airdrops and incentives).
15% to ConsenSys (locked for 5 years).
Ecosystem Incentives: Linea runs programs like Voyage LXP (experience points for quests) and Linea Surge (liquidity rewards via L-LXP for DeFi interactions such as DEX trading, lending, and bridging). These aim to boost total value locked (TVL), currently ranking Linea as the #11 blockchain by TVL.
Current Status (as of September 10, 2025)
Launch and Airdrop: The LINEA token generation event (TGE) and listings are happening today. Claims for the airdrop went live recently, distributing 9,361,298,700 LINEA tokens to 749,662 eligible addresses based on prior network activity (e.g., bridging, DeFi usage). Check eligibility at linea.build/hub/events/linea-airdrop. The airdrop echoes Ethereum's community focus, with 85% of supply directed to users.
Price and Trading: Pre-market trading shows LINEA at approximately $0.027–$0.028 USD, up slightly (~0.4%) in the last 24 hours but with bearish signals against major cryptos. It's listed on exchanges like Upbit starting today at 15:00 UTC (8:30 PM IST), but early pre-market activity has been volatile with suppressed prices—no major pump despite the listing announcement. Full market data and liquidity will ramp up post-TGE; it's not yet widely tradeable on major platforms like Binance or Coinbase.$ETH #linea
