Consensys Airdrops 9.36 Billion Tokens in Linea’s TGE Debut

- Linea distributes 9.36 billion tokens in TGE on Sept 10 - Ecosystem allocation aims to advance Ethereum scaling On September 10, 2025, Linea, an Ethereum Layer 2 network from Consensys, launched its token generation event (TGE). According to The Block on September 10, the project distributed 9.36 billion LINEA tokens to early users and builders. The rollout proceeded after Linea resolved a brief network outage, ensuring a stable TGE. Linea operates as a zero-knowledge Ethereum Virtual Machine (zkEVM) rollup, a technology that enhances transaction speeds and lowers fees while preserving Ethereum’s security. By bundling transactions off-chain and submitting cryptographic proofs to the Ethereum mainnet, zkEVM rollups deliver greater scalability. As a Type 2 zkEVM, Linea also allows for the seamless deployment of existing Ethereum-based decentralized applications (dApps) without requiring substantial modifications. The LINEA token’s distribution underscores an ecosystem-first approach, with a total supply capped at 72 billion tokens. The project allocates approximately 85% to community initiatives, which includes a 10% unlocked share for early users and developers, while the Consensys treasury receives the remaining 15%, locked for five years. Importantly, the project reserves no allocations for the development team or venture capital stakeholders, emphasizing its commitment to equitable, community-driven growth over the long term. Linea features an innovative dual burn mechanism that applies deflationary pressure on both LINEA and Ethereum (ETH) tokens. When users pay transaction fees on Linea in ETH, the protocol directly burns 20% of the ETH, converts the remaining 80% into LINEA tokens, and subsequently burns them. This mechanism fosters an economic link between network activity and token value, benefiting both Ethereum and Linea users. The Linea Consortium, which governs the Linea network off-chain, includes prominent organizations such as Consensys, Eigen Labs, and the Ethereum Name Service (ENS). To drive adoption and enhance token liquidity, Linea has partnered with major platforms. OKX’s XLaunch is hosting initial DEX trading campaigns, while Binance has integrated the Linea network and announced support for its token. According to CoinMarketCap on September 10, 2025, Ethereum (ETH) was trading at $4,393.16 as of 17:14 UTC, reflecting a 2.34% increase in 24-hour trading volume.