What is the Linea network?
Linea is a zkEVM layer-2 network — meaning it’s fully compatible with Ethereum’s Virtual Machine (EVM), so existing Ethereum smart contracts and tools (like MetaMask) work without changes.�
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The network batches transactions off the main Ethereum chain, produces cryptographic proofs, and submits those proofs to Ethereum — reducing fees and improving speed.�
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It was developed by ConsenSys, the company behind Binance and Infura.�
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🪙 What is the LINEA token?
LINEA is the native token of the Linea ecosystem.�
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Unlike many other Layer-2 tokens, ETH (Ethereum’s coin) — not LINEA — is used to pay transaction (gas) fees on the network.�
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The token’s main purpose is to incentivize developers, users, liquidity providers and ecosystem growth rather than to directly pay fees or serve as a governance token (though this could evolve).�
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Linea uses a “dual-burn” mechanism: a portion of network revenue from gas fees is used to buy back and burn LINEA tokens, creating deflationary pressure as usage grows.�
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📊 Price & supply basics
Linea has a maximum supply of about 72 billion LINEA tokens.�
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Live price data (as of the latest market snapshot) shows LINEA trading around $0.0054 (~₨1.59) per token, though crypto prices fluctuate quickly.�
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📌 Key takeaways
✅ Purpose: Scale Ethereum by offering cheaper, faster transactions.�
✅ Tech: zk-rollups and full EVM compatibility make development and migration easy.�
✅ Token utility: Rewards ecosystem growth and ties token scarcity to network activity.�
✅ Gas fees: Still paid in ETH, not LINEA.�
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