Linear Finance (LINA), a DeFi project specializing in providing synthetic assets, has just announced its closure after nearly 5 years of operation, causing the LINA token to enter a state of 'free fall'. The main reason stems from prolonged financial difficulties and the decision to delist LINA from Binance.



From Potential DeFi to a Dead-End Crisis


#LinearFinance was once expected to be one of the innovative DeFi platforms, providing synthetic assets for users to access traditional asset types without owning them. However, this project has struggled to maintain operations for a long time, primarily relying on:

✔ Personal contributions from the founding team.

✔ Selling LINA tokens to raise maintenance funds.


🔹 Why did Linear Finance fail?

This financial model is not sustainable, especially as the DeFi market becomes increasingly competitive. The situation worsened after March 21 when Binance decided to delist LINA, causing:

📉 The project's market capitalization dropped by 65% in just one week.

📉 The value of LINA tokens 'evaporated' by over 23% within 24 hours after the closure announcement.


On Telegram, the Linear Finance team expressed disappointment, stating that despite continuously developing products and expanding the ecosystem, Binance still removed the LINA token without providing specific explanations.



Binance 'Banishes' LINA, But Is There Still Hope?


Despite being delisted from Binance, Linear Finance stated #LINA it can still be traded on some other exchanges such as:

✔ Bitget

✔ KuCoin

✔ Gate.io

✔ HTX

✔ Derivatives contracts on Kraken and Phemex


However, losing Binance – the largest exchange in the world – significantly reduced the liquidity of LINA, making it harder for investors to buy/sell.



What Will Happen Next With Linear Finance?


After announcing the closure, Linear Finance committed to assisting users in withdrawing funds. The project team will soon contact investors with positions on the dApp to guide them through the withdrawal process and close open positions.


🔹 What should investors do?



  • If you are still holding LINA, consider trading options on exchanges that still support it.



  • If you have an open position on the Linear Finance dApp, please follow information from the project team to ensure timely withdrawal of assets.





Conclusion: A Regrettable Departure


Linear Finance was once an ambitious project in the synthetic asset sector of DeFi. However, over-reliance on internal funding and the LINA token has prevented this platform from sustaining itself long-term. The decision to delist from Binance was the 'last straw', pushing Linear Finance to the brink of collapse.


With a current market capitalization of just under $6 million, LINA's future seems almost predetermined. Will there be a 'miracle' to help the project revive, or will this be another name erased from the DeFi market? #anhbacong