Linea Completes Public Launch, Unlocking Wave of DeFi Apps
• Consensys’ Layer 2 blockchain Linea has completed its public launch, enabling DeFi applications.
• The mainnet went live at EthCC in Paris and saw over 2.7 million transactions and $26M of tokens bridged in the first month.
• As part of the launch, Linea has collaborated with MetaMask, Banxa, Circle, and Transak to provide users with zero network fees and gateway fees rate.
Consensys’ Layer 2 Blockchain Linea Completes Public Launch
Consensys’ Layer 2 blockchain solution Linea has successfully onboarded over 150 partners and attracted over $26m Ether in TVL in its first month—making it the fastest-growing zkEVM on Ethereum. Today marks the completion of the public launch of Linea, which will allow all Third Party Bridge Partners integrated on Linea to bridge ERC20 tokens to the Linea Network, unlocking a wave of DeFi applications.
Zero Fees Offer For Early Users
To mark this significant event, Linea has partnered up with MetaMask, Banxa, Circle and Transak to create an offer for early users. From August 17th to 31st, users can take advantage of zero network fees and gateway fees rate when they use MetaMask’s Buy crypto aggregator to purchase USDC.e—USDC on Linea that has been bridged from Ethereum by Linea’s ERC20 token bridge.
Record Level Of On-Chain Activity
In the first month that Mainnet was live at EthCC in Paris , there was a record level of on-chain activity with over 2.7 million transactions and $26M of tokens bridged. Currently processing an average of 1.5 transactions per second at 1/15th the cost of fees on Ethereum mainnet , these prices are expected to decrease as costs savings are passed onto users.
Unlocking New Use Cases
The public launch makes available bluechip ERC20 tokens like stablecoins, liquid staking ETH & memecoins while also unlocking new scalable dapps across Decentralized Finance (DeFi), gaming & identity as well as decentralized social networks & NFTs . DeFi applications have chosen line for its fast finality & capital-efficient bridge while NFTs gaming & social apps benefit from zkEVMs EVM Equivalence & low gas fee structures .
By completing its public launch today Consensys‘ Layer 2 blockchain solution Linea is unlocking a wave of DeFi applications thanks to its ERC20 token bridge with a canonical token list & collaborations with partners such as MetaMask , Banxa , Circle , Transak . With record levels of on-chain activity already seen – including over 2.7 million transactions – this release makes available bluechip ERC20 tokens while allowing scalability across DeFi , gaming , identity , social networks & NFTs .