Consensys’ Linea launches TGE with 9.4B token airdrop after brief network glitch

Linea, the Ethereum Layer 2 developed by Consensys, has officially launched its token generation event (TGE), distributing over 9.36 billion LINEA tokens to eligible addresses. The rollout comes with a 90-day claim window and follows a short-lived outage that was resolved just before the airdrop went live.

• Any unclaimed tokens revert to the Linea Consortium Ecosystem Fund.
• 85% of supply allocated to the ecosystem — with no team or VC allocations.
• Network fees use a dual burn mechanism: ETH burn + LINEA buy-and-burn.
• Exchange support is confirmed from Binance Alpha, OKX XLaunch, and other tier-1 CEXs.

The long-awaited Linea TGE went live on Wednesday, marking the distribution of more than 9.36 billion LINEA tokens to early users, builders, and ecosystem participants. According to the project, an eligibility snapshot was taken in July, with a claims portal opening last week. Holders must claim using the same addresses that contain LXP/LXP-L balances.

Linea’s distribution framework prioritizes ecosystem growth:

• 10% of supply unlocked upfront for contributors, early adopters, and builders.
  
• 75% reserved for what the project calls one of crypto’s largest ecosystem funds.
  
• 0% allocated to the team or VCs — a deliberate move to highlight neutrality and credibility.
  

Oversight of these allocations is handled by the Linea Consortium, which includes Consensys, Eigen Labs, ENS, SharpLink Gaming, and Status. Unlike other governance tokens, LINEA will not be used for onchain voting — instead, key decisions are made by aligned institutions tasked with ecosystem stewardship.

Linea also introduced an innovative fee mechanism. Of all network fees:

• 20% (paid in ETH) is burned at the protocol level.
  
• 80% is used to buy and burn LINEA, creating dual deflationary pressure while sending value back to Ethereum Layer 1.
  

Positioning LINEA as “silver to ETH’s gold,” the project emphasizes its role in offering native yield on bridged assets and reinforcing Ethereum’s long-term security.

Exchange support is also lining up quickly. Binance Alpha has already integrated with Linea, while OKX’s XLaunch is running campaigns around the debut of LINEA trading. Several other tier-1 exchanges are expected to announce listings in the coming weeks.

Despite the excitement, the launch was almost derailed by a brief network disruption earlier in the day. Blockchain data shows the issue was resolved in time for the airdrop, allowing the TGE to proceed as planned.

Final Thought

Linea’s TGE is not just another token drop — it’s a statement on how L2 ecosystems can launch with fairness, neutrality, and deflationary mechanics baked in. By combining a massive ecosystem allocation, zero VC carve-outs, and a novel dual burn design, Linea is setting itself apart in an increasingly crowded rollup landscape.