.@LineaBuild’s TGE is fast approaching, and the market is split on valuation.
Since its tokenomics were revealed in Jul, ecosystem activity has surged:
+ TVS: $794m (2x since June)
+ Daily txns: 100K ➜ 200k - 300k
+ Volume: $5m ➜ $100m+
But growth in new users lags at ~1k/day.
With a dual-burn model (20% ETH, 80% LINEA) and 9% airdrop allocation (~780k eligible wallets after Sybil filtering), Linea positions itself uniquely among ZK L2s.
Many Layer 2 projects have launched tokens.
+ In Optimistic Rollups, @arbitrum and @Optimism lead with $5.1b and $3b in fdv respectively.
+ In ZK Rollups, @Starknet and @zksync are prominent at $1.33b and $1.34b in fdv respective.
➜ Optimistic Rollups have higher valuations due to greater market influence.
By fundamentals, a $1 – 1.5b in fdv ($0.013 – 0.021) seems fair, but with @Consensys backing, the bullish case could stretch closer to $5b in fdv ($0.069).
The test will be whether Linea sustains usage post-airdrop, or follows the fade seen with other ZK Rollups.
Who is waiting for $LINEA TGE?
11.01K
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