Ethereum layer-2 network Linea has its token-generation event today, in one of the most hyped launches in the past few years. Linea is aiming to use its upcoming LINEA crypto token as an incentive to draw the world’s capital to Ethereum, both on and off-chain.
Linea is described by its backers as the most ‘Ethereum-aligned layer-2 network’, as the chain will offer native yield to ETH stakers, as well as an ecosystem fund comprising approximately 54 billion LINEA tokens that will be used to attract users to its network.
Linea’s long-awaited token generation event (TGE) is coming today, September 10, just a few hours from now. Here’s a look at everything you need to know about the LINEA token, including who can claim it.
LINEA is not just another L2 token launch.
It is the the most significant since ETH itself.LINEA will power ETH-centric vision, architecture, and gas mechanics.
The TGE happens in 5 hours.
Check your eligibility here https://t.co/SlL6M2Aw4h pic.twitter.com/zKBGWydvz1— Linea.eth (@LineaBuild) September 10, 2025
What Is LINEA Crypto: Is This The Biggest Token Launch In Recent History?
LINEA is the native token of the Ethereum L2 network of the same name. The network was developed by Ethereum software development firm, Consensys, and Linea is described as an “extension” of the established layer-1 network.
Consensys’ CEO is Joe Lubin, one of the Ethereum co-founders and also CEO of Sharplink Gaming Inc (SBET). Sharplink is one of the two most prominent publicly traded companies that have recently pivoted to an Ethereum Treasury Strategy, alongside Bitmine (BMNR).
One important thing to note is that, unlike other L2 network tokens, LINEA will not act as the native gas token for the Linea network. Instead, Linea will use ETH
ETH ▲% as its gas token to pay transaction fees.
The LINEA token also differentiates itself from other L2 network tokens, as it does not have any governance powers, and it is subject to a buyback and burn mechanism.
In other words, using a portion of the ETH revenue it earns from transaction fees, the network will buy LINEA and burn it, effectively removing it from the circulating supply and driving up demand by creating artificial scarcity of the token.
The token will maintain a total supply of 72,009,990,000 LINEA, which is a sentimental nod to ETH, with it being 10 times the initial circulating supply of Ethereum.
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Per DefiLlama data, Linea is already the 11th largest chain by TVL (total value locked), with over $1.34Bn. This is incredibly impressive for a blockchain that has had its mainnet running for just 24 months.
In climbing to 11th, Linea has overtaken the likes of Polygon, Cronos, Aptos, and many more. It is expected that the LINEA crypto token launch today will bring an influx of new users to the ecosystem, likely driving up the TVL even further as Linea attempts to enter the top 10.
With Consensys heading up LINEA crypto, and the firm having such tight-knit relationships with the Ethereum Foundation, many are expecting huge things for this new L2 protocol.
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Everything You Need To Know About The LINEA Airdrop and Tokenomics
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As the LINEA token generation event (TGE) begins today, eligible airdrop participants can start the claim process for their LINEA tokens. Participants will have a period of up to 90 days to claim their tokens. After this timeframe, any unclaimed LINEA tokens will be added to the ecosystem fund and distributed by the Linea Consortium.
The LINEA token will be distributed to three different groups of users: early users, ecosystem participants, and the Consensys treasury.
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75% Of The LINEA Crypto Supply Set Aside for Active Community Participants
LINEA – @LineaBuild tokenomics revealed
Strengthen ETH, power dev growth & stay sustainable long-term.
• Dual-burn model — burn ETH gas + buy & burn $LINEA with 80% post-L1 fees
• No onchain governance — steered by the Linea Consortium (ENS, Eigen, Status,… https://t.co/CkVfV32p3x pic.twitter.com/mEEtnOMQ5b— Ethereum Daily (@ETH_Daily) August 11, 2025
75% of the total supply of LINEA tokens will be awarded to active participants within the Linea ecosystem. This distribution will be managed by a collective group of Ethereum-aligned entities known as the Linea Consortium.
The consortium includes firms such as the Ethereum treasury, Sharplink Gaming, ENS Labs, Eigen Labs, and ConsenSys. Their responsibility is to allocate the ecosystem fund to those who are contributing to the growth of the Linea network and Ethereum.
Small portions of the 75% have already been approved for distribution by the consortium. This includes 4% allocated at the Token Generation Event (TGE) for liquidity providers during the Linea Surge event. Additionally, a further 1 billion LINEA tokens have been approved for distribution as part of Linea Ignition, a liquidity bootstrapping event that runs through October 26.
The remaining 15% of the LINEA supply is designated for Consensys, the development firm that incubated the L2 network. All 15% of these tokens are locked for a period of five years, highlighting the long-term strategy and belief that the Consensys team has placed in Linea.
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