Linea Surges 3.547% as ConsenSys Rebrands zkEVM, Boosts Ethereum Scaling

Linea's latest price was $0.02950, up 3.547% in the last 24 hours. ConsenSys recently announced the rebranding of its zkEVM solution to Linea, marking a significant advancement in scaling Ethereum applications through zero-knowledge proofs. This Layer 2 network, now live on the Ethereum mainnet, enables developers to deploy and scale their decentralized applications with EVM-equivalence, meaning existing Ethereum tools like MetaMask, Truffle, and Infura work seamlessly. The launch signifies a major step forward in enhancing Ethereum's throughput and reducing transaction costs while leveraging the base layer's security.

Linea successfully concluded its inaugural Linea Voyage event, distributing commemorative NFTs to participants who bridged assets to the network during the campaign period. Eligible users have a designated timeframe to claim their Proof of Participation NFTs through the official Linea Voyage website. This initiative effectively drove user engagement and liquidity onto the Linea mainnet shortly after its public launch, demonstrating the network's early traction within the Ethereum community.

The Linea team introduced the Linea Surge, a multi-phase liquidity growth initiative employing a points-based incentive system. Designed to accelerate the growth of Total Value Locked (TVL) on the network, Surge distributes LXP-L points to users providing liquidity to specific decentralized applications integrated into the program. This calculated approach aims to foster a robust and sustainable DeFi ecosystem on Linea by incentivizing early adoption and liquidity provision across participating protocols.

Building on the momentum generated by previous campaigns, Linea initiated the Phase 1 distribution of the Linea Expedition XP token (LXP). The distribution focuses on rewarding verified participants of the original Linea Voyage who successfully claimed their Proof of Participation NFT. Recipients automatically see their LXP tokens reflected in their wallets based on the eligible NFTs held, bypassing the need for manual claiming procedures. This token distribution marks a further milestone in recognizing and rewarding the network's early supporters.