$LINEA

The Linea token (LINEA) is the native cryptocurrency of the Linea network, a layer 2 scalability solution for Ethereum. Its goal is to enhance the efficiency and scalability of transactions on the Ethereum network.

Key features:

Gas payments: LINEA tokens can be used to pay transaction fees on the Linea network.

Burn mechanism: 80% of net transaction fees are permanently removed from circulation.

Ecosystem funding: A large portion of the supply is dedicated to grants for developers, R&D, and public goods through the Linea Ecosystem Fund.

Supply: The total supply is 72 billion LINEA tokens, with a circulating supply of 15.48 billion.

Current price:

- Price: $0.007776

- Market capitalization: $120.39 million

- Transaction volume (24h): $35.3 million

Goals and roadmap:

Linea operates as a zkEVM rollup, executing transactions off-chain and sending zero-knowledge proofs to Ethereum Mainnet.

Its roadmap includes trust-minimization mechanisms, emergency exits, a security council with independent members, and a multi-prover system to add redundancy.

A transition to delegated proof of stake and a permissionless validator network is planned for 2027.