Linea price

Lots of comments about @LineaBuild in the last few hours As always, community debates are passionate, but I think we need to take a step back to better appreciate this Ethereum L2 🟩 On the positive points: - 1st L2 aligned with Ethereum by burning $ETH on each transaction (it's the only one to do so) - The protocol will also burn $LINEA and support the token's scarcity as the protocol is used (again, the only one to do this) - Native yield mechanism - No (yet) DAO slowing down decision-making - Linea is the only zkEVM 100% compatible with Ethereum, which means it is theoretically the simplest for deploying EVM smart contracts - Linea is developed by @Consensys and has significant financial and cultural weight through its CEO @ethereumJoseph (co-creator of Ethereum) - Linea has extremely strong ties with @SharpLinkGaming (Joe Lubin is also the CEO), the 2nd largest Ethereum Treasury Company in the world ($3.7B). I expect a large portion of these funds to be utilized in Linea's DeFi, and I think the market hasn't anticipated this yet - A TVL that has exploded in recent weeks ($1.2B) - There are no tokens reserved for VCs or teams, effectively eliminating the selling pressure that weighs on all competitors - The launch forecasts a FDV of $2B for the TGE, which isn't overvalued considering that the leader Arbitrum is at $5B 🟥 On the negative points - Linea has undeniably disappointed with its slow execution (more than 2 years between mainnet and token!) - @Base is currently the leader in institutional attractiveness among L2s. JP Morgan (despite being a Consensys shareholder) deployed its deposit token on Base, not Linea - L2 token prices have all plummeted after their launch - The L2 sector stands out with a plethora of competing offerings (Base, Arbitrum, Optimism, ZkSync, etc.) - The TVL explosion could be solely related to the recently introduced Ignition incentives campaign - No exclusive killer app so far.

The Daily Modern Market Snapshot: Thu 4 Sep Majors: BTC 110k; ETH 4.3k; SOL 207 Headlines - Pump Fun overtakes Hyperliquid in 24 hour revenue: token rises 12% to $4.2B FDV - Mike Novogratz's Galaxy tokenises its shares on Solana - Trump's oldest sons' American Bitcoin stake worth $1.5B as shares rise around 17% to $8.04 on Nasdaq debut Notable PA - PUMP +11% to $4.1B FDV - New wallet sweeps $2.1M of CryptoPunks, sending floor back up to 48 ETH - WLFI down another 20% to $18B FDV Notable Sales - CryptoPunk, Tiara - 100 ETH - XCOPY, The Doomed - 38.5 ETH - XCOPY, Exit Strategy - 4 ETH Web 3 Round Up - Coinbase announces upcoming launch of Mag7 + Crypto Equity Index on September 22 - CFTC approves Polymarket to access US with its prediction market - Etherealize announce $40M round to accelerate their institutional business and 'rewire Wall Street' towards Ethereum - Mocaverse announces MOCA and NFT stakers can stake their assets to manage and own a portfolio of $20M worth of tokens - AlphaTON Capital announces initial financing to acquire $100M TON tokens to start corporate treasury More News - TROLL memecoin announces acquisition of IP rights to the original Trollface meme - Gigaverse announces $2M raise led by 1confirmation to build the largest and most enjoyed crypto game - ETH L2 Linea token eligibility checker live for TGE of September 10 - Pixel Vault taken over by original comic artist Chris Wahl and writer Josh Blaylock LIKE, COMMENT & RT if you found this helpful