$LINEA nearing a $200m mcap. Absolutely brutal.
SWIFT pilot with on-chain settlement, involving 30+ top-tier banks and institutions along with Sharplink potentially deploying billions of $ETH onto Linea and no one cares.
Meanwhile @LineaBuild's marketing team has nothing better to post about other than airdrops and incentive rewards, which are instantly dumped.
@ethereumJoseph
Unfortunately, @LineaBuild keeps stepping on the same rake over and over again. The more I admire their work in building the project and securing its value, the more I'm shocked and disappointed by their unbelievable inability to communicate properly with the community.
Just 5 days ago they published the checker, the airdrop criteria and announced $LINEA TGE. The airdrop distribution honestly impressed me a lot - in my subjective opinion, it's nearly flawless. The community's mood clearly went up, and it seemed like nothing could stand in the way of keeping that momentum. But Linea team, once again, seems to be repeating the same old mistakes - straight up ignoring any communication with the community, and right when that communication is needed the most in the project's entire history.
There are only 2 days left until TGE, and already at least two serious community concerns have popped up that need immediate answers:
⁉️A very suspicious situation came up where users found a wallet that didn't take part in Linea Surge (at least according to Linea Scan) but still received millions of LXP-L. I'm almost sure there's no foul play here and the reasons are probably just technical - but this is definitely a matter that needs a clear, direct explanation.
https://t.co/CorNp5B5c0
❔We're all seeing the extremely negative community reaction to the Binance Alpha airdrop announcement. Yes, I get that this seems like a mandatory condition Binance forces on projects that want a listing. But why not communicate this openly and explain to the community why Linea needed it? It would also make sense to finally publish the details of all allocations for centralized exchanges, especially since Declan Fox quite literally promised not long ago that there wouldn't be any at all.
Right now, it feels like instead of fixing their communication issues, the Linea team just buried their heads in the sand and let everything run on autopilot. @DeclanFox14 hasn't posted on Twitter in 5 days. @ethereumJoseph last TGE-related post? Also 5 days ago.
Guys, wake up please - don’t screw up everything you've built for years in the very last week before TGE.
@Alain_Ncls@suzapolooza_eth@LineaAssoc
🚨 We would like to remind everyone to remain vigilant. Scammers are impersonating us with fake accounts, fake checkers & phishing attempts.
Remember:
✅ Verify official accounts
✅ Never share private keys
✅ Double-check URLs
Stay safe!
https://t.co/JEc0xIoIfM
Join us tomorrow for our first Steward-focused episode in our SomETHing Podcast series:
SomETHing about Status, with special guest @0xcyp of @StatusL2!
Hosted by @suzapolooza_eth.
📅 Thursday, August 19th
⏰ 2:00 PM (UTC)
📍 On X & YouTube
REX is now Live!
$REX unlocks a new layer of aligned liquidity for builders and traders across the ecosystem.
This isn’t just DeFi. This is DeFi on Linea.
Ethereum wasn’t built just for scale; it was built to be open, neutral, and decentralized. As L2s take on more of Ethereum’s load, they must reinforce values and remain aligned with Etheruem. Linea does this by design.
No new gas token. No EVM rewrites. No governance structures that divert value.
Instead, Linea is built for Ethereum equivalence.
Here’s why that matters.
https://t.co/5Rrf9ZexXV
Wait, what?!? Rebrand? We have a new web site?
Feels like everything is changing, accelerating. Hard to keep up with the rapid drumbeat of positive developments on Planet Ethereum.
My MetaMask keeps changing with all these updates, new features, new fox personality, MM logo and hot new font.
Linea didn't just announce its TGE, it totally changed the L2 game.
My new frens at SBET just keep snarfling up millions of USD and using the capital to vacuum up giant piles of ETH. Every. Single. Day. (almost).
Ethereum is now recognized as a new kind of software: Trustware. There's a new kind of (virtual) commodity gaining definition: trust. And ETH is the gold standard in decentralized trust. https://t.co/5CtcIAjZv2
Many major financial institutions are HEAVILY embracing Ethereum. More to come on this.
The FT's Gillian Tett guardedly wished Ethereum a happy 10th birthday.
Legislators and regulators are all blowing gale force winds into Ethereum's sails: President Trump's "historic efforts to make America the 'crypto capital of the world,'" SEC Chair Atkins and Hester Peirce's Project Crypto, Treasury Sec Bessent's Golden Age of Crypto, stablecoin legislation, ....
The one constant? Ethereum's 100% uptime, block after block, for ten years and counting.
Taking a quick break from all the bullishness, I want to raise attention to this again👇
Have a smart idea for stopping sweepers in compromised wallets?
If you’ve got a well-thought-out approach using this API or another method to help users safely claim tokens, we want to hear it.
We’re open to allowlisting API keys and supporting builds for strong proposals.
Open a ticket in our Discord to share your proposal: https://t.co/APXbGsp69D. Deadline for submissions: August 8th.
Answering a few of the common q's re tokenomics announcement:
- 10% to early contributors
9% to users who participated in the Linea voyages and earned LXP. There will be additional criteria applied (thresholds, multipliers) and an eligibility checker with those details will be made available prior to TGE. The snapshot has been taken for this and all sybil-filtering was completed previously.
There are no CEX listing, InfoFi, or other dilution from this airdrop. This is not going to the team or investors.
1% to strategic builders. This includes Linea-aligned dapps and communities and will be managed discretionary by the Linea team. Builders can choose to distribute to their users/communities and allocation will be dependent on a number of factors including plans that showcase benefits to Linea.
- What about LXP-L
Any rewards for providing liquidity are included in the 75% ecosystem fund. This includes past and future LPs, and is handled separately from user airdrops like LXP. Details on LXP-L will be handled via the Consortium
- If circ supply is 22%, and EC airdrop is 10%, what's the other 12% for
This is sufficient day 1 allocation to support exchange liquidity and market makers, liquidity provisioning, time-sensitive builders grants and partnerships, and other initiatives pursued by governance. The Consortium will provide transparency on usage of funds as per the charter. The ecosystem fund has a 10Y unlock schedule and is structured for long term horizon.
- What's next?
We will be sharing more details on the native yield bridge design, the charter for the Linea Consortium, and how Linea will play a central part in the future of Ethereum.
In parallel, we're driving towards TGE. Information on the airdrop eligibility checker and TGE date will be shared in advance once we have the exact time locked down. Stay safe from scams in the meantime and only trust the main @LineaBuild account
Today we're excited to introduce Etherex, Linea's next-gen liquidity hub. This is the DEX that Ethereum co-founders envisioned back in 2014, finally coming to life as a metaDEX built to serve the entire Ethereum ecosystem. 👇
https://t.co/tgVbredRTN