Linea completes TGE with a no-vesting airdrop, allocating 85% to the ecosystem, boosting long-term growth despite possible short-term selling pressure.
OpenSea Foundation to announce SEA token TGE in October, funding a prize pool with 50% of trading fees to reward users and drive activity.
Solana’s market cap hits $121.24B, surpassing MercadoLibre, marking a symbolic milestone of crypto assets competing with traditional financial institutions.
LINEA COMPLETES TOKEN TGE AND ANNOUNCES AIRDROP DETAILS
On September 10, Ethereum Layer 2 project Linea officially completed its token TGE and released details of the airdrop claim process. Eligibility is primarily based on users’ participation in LXP and LXP-L campaigns. The claim window runs from September 10 to December 9, 2025, lasting 90 days.
All airdropped tokens will be fully unlocked upon claiming, with no vesting period required. In terms of allocation, 85% of the supply will go to the ecosystem, including 10% for early users and builders, while the remaining 75% will be allocated to the ecosystem fund.
Linea’s TGE, featuring a no-vesting airdrop and a large ecosystem fund allocation, signals the project’s focus on long-term ecosystem growth rather than short-term price speculation. While the circulation of airdropped tokens may bring selling pressure in the short run, the sizable ecosystem fund is likely to attract developers and strengthen protocol partnerships in the long term.
OPENSEA FOUNDATION TO ANNOUNCE SEA TOKEN TGE IN EARLY OCTOBER
The OpenSea Foundation stated that it will release detailed plans for the SEA token TGE in early October. Starting September 15, the platform will set up a prize pool funded by a portion of trading fees. Specifically, NFT transactions will carry a 1% fee, token transactions a 0.85% fee, with 50% of revenues from both directed into the prize pool. Once the SEA token TGE is finalized, the prize pool will be integrated into the SEA reward mechanism.
OpenSea’s plan essentially represents a “rebate-style token model.” By allocating half of trading fees to the prize pool, the platform enhances user reward expectations while boosting transaction activity before and after the TGE. However, the market will closely watch SEA’s token distribution and release mechanics, as overly aggressive incentives could trigger short-term volatility.
SOL SURPASSES MERCADOLIBRE IN MARKET CAP
On September 11, according to data from 8marketcap, Solana’s market capitalization reached approximately $121.24 billion, surpassing MercadoLibre and rising to 185th place among global assets by market cap.
From a narrative perspective, Solana’s rapid rise in market capitalization represents a symbolic milestone, showing how crypto assets are increasingly benchmarked against traditional financial institutions. While overtaking a major public company like MercadoLibre is largely symbolic, the real significance lies in the signal to markets: crypto assets have firmly established themselves as an asset class that cannot be ignored.
〈CoinRank Crypto Digest (9/11)｜Sol Surpasses MercadoLibre in Market Cap〉這篇文章最早發佈於《CoinRank》。
