Linea (LINEA): Ethereum Layer 2 with zkEVM and Dual-Burn Tokenomics

Linea is an Ethereum Layer 2 network that uses zkEVM rollup technology to solve scalability, transaction speed, and cost issues on Ethereum mainnet. Founded by ConsenSys under Joseph Lubin in 2023 and launched in July 2023, this platform is backed by ConsenSys (which has raised over $725 million from Microsoft, Coinbase Ventures, SoftBank, and Temasek) to provide faster, cheaper transactions for Ethereum applications. Linea (LINEA) will soon be available on Bitget!

What is Linea (LINEA)?

Linea is a Layer 2 blockchain solution for Ethereum, built with zkEVM (zero-knowledge Ethereum Virtual Machine) rollup technology. The platform processes transactions off-chain and submits cryptographic proofs to Ethereum mainnet, delivering higher throughput and lower fees while maintaining Ethereum-equivalent security and compatibility.

Linea addresses key Ethereum limitations including network congestion that slows transactions and increases costs, high gas fees that restrict mass adoption, and limited throughput for applications in DeFi, gaming, and NFTs. The platform enables seamless migration and deployment of Ethereum projects without code changes or security compromises.

Core Innovation: Linea processes user transactions off-chain in batches, validates them with zero-knowledge proofs, and submits compressed summaries to Ethereum mainnet for final settlement. This approach reduces congestion and costs while enabling faster transaction completion.

Who Created Linea (LINEA)?

Linea was founded by ConsenSys, the Ethereum infrastructure company, under Joseph Lubin (Ethereum co-founder and ConsenSys CEO). The platform is now governed through the Linea Association, a Swiss non-profit organization.

Joseph Lubin (ConsenSys CEO & Ethereum Co-founder):

● Co-founder of Ethereum and founder of ConsenSys

● Computer scientist from Princeton with experience in cryptography, AI, finance (Goldman Sachs), robotics, and hedge fund operations

● Built ConsenSys to develop Ethereum ecosystem products including MetaMask and Infura

● Led the development of Linea as a Layer 2 protocol for Ethereum scaling

Nicolas Liochon (Linea Founder, Board Member of Linea Association):

● Product and technical leader in Ethereum scaling

● Oversees protocol development, governance, and decentralization through the Linea Association

● Manages community-driven governance aligned with Ethereum's neutral values

Core Team at ConsenSys:

The team includes Ethereum engineers, researchers, and DeFi specialists with backgrounds in cryptography, protocol design, and product development. Team members have experience building Web3 infrastructure, scaling technology, and developer tools through MetaMask and Infura.

What VCs Back Linea (LINEA)?

Linea is backed by ConsenSys and governed by the Linea Association, a Swiss non-profit. The project has no VC or team token allocations, with 85% of tokens allocated for community and ecosystem growth.

ConsenSys Backing:

ConsenSys, which built Linea, has raised over $725 million from investors including Microsoft, Coinbase Ventures, ParaFi Capital, SoftBank, Temasek, and Animoca Brands. This funding provides the foundation for Linea's development and ecosystem growth.

Governance Structure:

The Linea Association is a Swiss non-profit overseeing protocol development, governance, treasury, and decentralization. The consortium includes Ethereum organizations such as ConsenSys, Eigen Labs, ENS Domains, Status, and SharpLink.

Revenue Model:

Linea generates revenue from protocol transaction fees and staked ETH yield. A portion of these fees are burned at the protocol level (both ETH and LINEA tokens), creating deflationary pressure while aligning Layer 2 economics with Ethereum.

How Linea (LINEA) Works

Linea operates as a zkEVM rollup that processes transactions off-chain and submits cryptographic proofs to Ethereum for security and finality.

zkEVM Rollup Architecture

Linea's zkEVM runs smart contracts with full Ethereum compatibility and generates zero-knowledge proofs for transaction batches. These validity proofs verify transaction correctness without revealing data, enabling efficient verification on Ethereum mainnet.

Transaction Processing

User transactions are collected and ordered by Linea's sequencer, which produces blocks before batching them for proof generation. The prover generates zkSNARK validity proofs for each batch and submits these to Ethereum's verifier contracts. Only proof summaries are sent to Ethereum mainnet, reducing congestion and cost.

EVM Equivalence

Linea maintains full compatibility with Ethereum's virtual machine and developer tools, allowing smart contract migration without code changes. This ensures integration with existing Ethereum applications and developer workflows.

Bridge and Cross-Chain Support

Bridge relayers handle communication and asset movement between Linea and Ethereum, supporting interoperability while maintaining security through cryptographic proofs.

You can access the platform at linea.build and explore documentation at docs.linea.build.

Linea Token (LINEA) and Economics

The LINEA token serves as the utility token for the Linea ecosystem, featuring dual-burn mechanics and community-focused allocation.

Token Details

● Token Name: LINEA

● Token Symbol: LINEA

● Total Supply: 72,009,990,000 LINEA (72 billion)

● Launch Date: Token Generation Event on September 10, 2025

● Blockchain: Linea Layer 2 network

Token Distribution

● Ecosystem Fund: 75% (grants, ecosystem growth, managed by consortium)

● ConsenSys Treasury: 15% (5-year lockup for protocol health and staking capital)

● Early Users & Builders: 10% (fully unlocked, distributed via airdrop)

● Community/Liquidity Providers: 4% (community drops for liquidity incentives)

● Strategic Builders: 1% (ecosystem protocol and application partners)

● VC/Team: 0% (no VC or team allocations)

Token Utilities

● Dual-Burn Mechanism: 20% of net ETH fees are burned directly, while 80% are used to buy and burn LINEA tokens, creating deflationary pressure for both assets

● ETH Native Gas: All transaction fees are paid in ETH, not LINEA, improving composability for DeFi applications

● Ecosystem Incentives: Tokens distributed through grants, liquidity programs, and developer incentives managed by the consortium

● ETH Staking Integration: Bridged ETH on Linea can be staked to earn ETH rewards, supporting DeFi protocols and builder funding

Why Linea?

Traditional Ethereum Layer 2 solutions face challenges with security, decentralization, or user experience. Linea addresses these issues with several key features:

Experienced Leadership: Founded by ConsenSys under Ethereum co-founder Joseph Lubin, combining blockchain engineering experience with infrastructure scaling through MetaMask and Infura.

Full EVM Equivalence: Runs smart contracts exactly as they work on Ethereum, enabling developers to migrate code and tools without modifications, unlike Layer 2s that offer only compatibility.

Dual-Burn Tokenomics: First Layer 2 to implement dual-burn mechanism (ETH + LINEA) with ETH-native gas payments, aligning with Ethereum's deflationary model without forcing demand for native tokens.

Community-Focused Distribution: 85% of tokens allocated to community, builders, and ecosystem with no VC or team allocations, ensuring decentralized governance.

Consortium Governance: Managed by Swiss non-profit with Ethereum organizations (ENS Labs, Eigen Labs, Status) directing strategic decisions and ecosystem development.

Quantum-Resistant Security: Uses cryptography and modular design for institutional-grade protection while maintaining performance and scalability.

Ecosystem Partnerships: Integrations with Aave, 1inch, Across, Chainlink, and other protocols demonstrate real-world adoption across DeFi, NFT, and infrastructure sectors.

The platform combines zkEVM technology with community governance, positioning it as a solution for Ethereum-aligned Layer 2 scaling.

Linea (LINEA) Goes Live on Bitget

We are thrilled to announce that Linea (LINEA) will be listed in the Innovation and Public Chain Zone. Check out the details below:

Deposit Available: Opened

Trading Available: 10 September 2025, 15:00 (UTC)

Withdrawal Available: 11 September 2025, 15:00 (UTC)

Trading may open earlier if liquidity requirements are met.

Trade LINEA/USDT on Bitget!

Community Links: Website | Twitter | Discord | Documentation | Support

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.