$LINEA
Positive Developments Amid Pressure: Despite the bearish price action, Linea has strong fundamentals. It absorbed four years of Ethereum upgrades (London to Prague) in four months, enhancing its zkEVM capabilities Institutional adoption is growing, with SWIFT piloting Linea for cross-border payments and SBET enabling $200 million in ETH inflows to its DeFi ecosystem.
A burn mechanism is in final stages (80% of fees burned for LINEA holders, 20% for ETH), alongside revenue sharing from MetaMask's mUSD stablecoin and native yield staking.
No VC unlocks differentiate it from other L2s, aligning token value with network activity.
Market Context: Linea's TVL stands at $1.49 billion, the highest among zkRollups, with over 283 million transactions.
However, broader L2 token saturation and lack of immediate governance utility have fueled FUD.@Linea.eth
The token is down 49% post-airdrop, questioning its utility beyond speculation.f12eb4