#linea $LINEA
$LINEA activates its Dual Burn Mechanism a small step with massive long-term impact
@Linea.eth has officially launched the Dual Burning Mechanism, a parallel burn model for both ETH and LINEA, designed to strengthen the long-term economic alignment between the Layer 2 and the Ethereum mainnet.
📌 How the mechanism works:
20% of gas fees are burned directly in $ETH
The remaining 80% is converted into LINEA and then burned as well
📊 Current burn statistics:
🔥 17.982 ETH already burned
🔥 20,294,431 LINEA burned
💰 Total value ~ $293,000 USD
This is only the beginning but it marks an important milestone in reducing supply, enhancing long-term value, and deepening Linea’s economic connection to Ethereum.
The road ahead is long, but this direction is undeniably strong.
$LINEA activates its Dual Burn Mechanism a small step with massive long-term impact
@Linea.eth has officially launched the Dual Burning Mechanism, a parallel burn model for both ETH and LINEA, designed to strengthen the long-term economic alignment between the Layer 2 and the Ethereum mainnet.
📌 How the mechanism works:
20% of gas fees are burned directly in $ETH
The remaining 80% is converted into LINEA and then burned as well
📊 Current burn statistics:
🔥 17.982 ETH already burned
🔥 20,294,431 LINEA burned
💰 Total value ~ $293,000 USD
This is only the beginning but it marks an important milestone in reducing supply, enhancing long-term value, and deepening Linea’s economic connection to Ethereum.
The road ahead is long, but this direction is undeniably strong.