📅 September 10 | United States
The crypto morning started with a bang: Linea, the Ethereum layer 2 network developed by ConsenSys, launched its highly anticipated Token Generation Event (TGE) accompanied by a massive airdrop valued at $9.4 billion. However, the debut wasn't without drama: a brief system outage generated uncertainty in the first few minutes, although the distribution ultimately went ahead successfully.
📖 ConsenSys had been preparing for months for the launch of Linea, its L2 solution designed to scale Ethereum with lower fees and greater speed. The TGE, finally activated on September 10, included a historic airdrop of Linea tokens, valued at $9.4 billion, aimed at users and developers who supported the network in its initial phases.
The event wasn't perfect. In the first few hours, users reported a brief outage on Linea's servers, raising concerns about the network's technical capacity to handle a massive load of real-time transactions. However, the issue was quickly resolved, and distribution continued without major setbacks.
The numbers are impressive: the airdrop makes Linea one of the most capitalized Layer 2 projects since its inception, with thousands of users claiming tokens that have already begun trading on decentralized and centralized exchanges.
For many analysts, this milestone represents not only a step forward in the competition for Ethereum L2 supremacy (along with Optimism, Arbitrum, and Base), but also a blow to ConsenSys's authority in the ecosystem.
Topic Opinion:
Linea's TGE marks a turning point for second-layer solutions on Ethereum. The magnitude of the airdrop—$9.4 billion—shows how the competition to attract users is escalating. I think the challenge won't be technical, but strategic: how to retain airdrop recipients so they don't liquidate and abandon their positions? If Linea manages to retain them, it could become a major player in the Ethereum infrastructure.
💬 Is this move enough for Linea to compete with Arbitrum and Optimism?
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