In the process from the bear market to the bull market, according to statistics, the public chains with the highest probability of seeing hundreds of times coins are public chains, such as METIS, ADA, SOL, FTM, etc., and these tokens or projects focus on ecological construction, that is, the growth of users. It is basically the accumulation of the bear market, and the bull market has completely exploded. It is also in line with the trend of modern society, that is, user traffic is king, and whoever controls the traffic will control the password of wealth. As an L2 public chain, LINEA perfectly meets this characteristic.
As a project that has attracted a lot of attention before it was launched, the most important thing is that his team is the parent company of Little Fox Wallet, Consensys, so it has received support from traditional financial giants such as Microsoft, Softbank, and Temasek.
The tens of millions of traffic brought by the Little Fox Wallet
The metamask little fox wallet owned by Consensys has basically been used by more experienced currency players. Its monthly active users have exceeded 30 million in 2022. Based on this, the zkEVM project Linea developed by it will definitely become the first choice for Ethereum Layer 2. important competitor.
It can be said that the Metamask wallet undoubtedly plays an important role in the entire Ethereum ecosystem, with more than 30 million monthly active users, thus bringing tens of millions of traffic to the Linea project. At the same time, its blockchain development platform Infura has more than 400,000 registered developers and can handle more than 8.5 billion blockchain network requests every day. This undoubtedly provides a large number of possible partners for Linea. and users.
Project Introduction
Linea is a Layer 2 solution developed by ConsenSys to improve Ethereum’s scalability and efficiency. As zkEVM, Linea leverages zero-knowledge proofs with EVM equivalents, enabling developers to easily build scalable dapps or migrate existing dapps
As an Ethereum layer 2 solution, it enhances scalability, reduces transaction costs, and enables a seamless user experience. Linea’s importance lies in its integration with over 100 protocols, developer tools, and dapps, ushering in a new era of scalable applications in the Ethereum ecosystem
Ecological construction
The Linea mainnet is currently connected to 56 ecosystems, and there are 106 ecosystems that will be connected soon. According to defillama data, the current TVL scale reaches US$15.04 million, and its ecosystem includes all dapps from DeFi, NFT games to DAO
Team background
Linea is a product of ConsenSys, which was founded in 2014 and is headquartered in Brooklyn, New York. It maintains good relationships with government organizations (Inter-American Development Bank, European Commission, South African Reserve Bank) and business giants (Microsoft, JPMorgan Chase) , is a leading member of crypto industry committees such as the Ethereum Alliance.
ConsenSys' initial business was venture capital, and it began to reorganize in 2020, splitting the company into two entities, ConsenSys Mesh and ConsenSys Software. ConsenSys Mesh is an investment entity, while Software focuses on blockchain product development. Its products include Metamask, a native encryption wallet with more than 30 million monthly active users. It is the largest encrypted traffic entrance in the blockchain, as well as blockchain development tools for developers. Infura, with over 400,000 users, is one of the most influential and powerful companies in the Ethereum ecosystem.
At present, Metamask has been separated from ConsenSys as a separate entity. Linea team members still belong to ConsenSys, and the number of employees registered on LinkedIn is 837. Linea can be seamlessly integrated with ConsenSys products. For example, in the Metamask wallet plug-in, Linea is present by default, eliminating the user experience barrier of manually adding a network.
Investment lineup
Linea has not currently conducted separate financing. Its parent company ConsenSys has conducted four rounds of financing from 2019 to 2022, with a financing amount of more than US$700 million. Participating companies include not only top crypto investment institutions Dragonfly, Coinbase Ventures, etc., but also Including traditional financial giants such as Microsoft, SoftBank, and Temasek.
Linea relies on the rich industry resources of ConsenSys and the huge traffic base of Metamask, and has its own industry popularity.
Project popularity
Twitter followers: 53.7W
discord members: 24.2W
If you are also optimistic about LINEA, please pay attention