#ETH scaling solution is in full swing with the anticipation of #L2.
While Optimistic Rollups has been catching fire! #Arbitrum, #Optimism
A new development #Linea built on #zkEVM may lead ZK-rollups to dominate L2's war in the future.
Why is @LineaBuild the next big thing? 🧵
1️⃣ What is Linea?
▪️ Linea is a layer 2 solution that is evolving zkEVM to be able to combine the security and performance of zkProofs with full EVM compatibility.
▪️ Linea allows you to deploy any smart contract, use any tool, and develop as if you were building on Ethereum.
▪️ For users, this enables the experience and security of Ethereum, but with lower transaction costs.
▪️ Linea zkEVM just released the beta on March 28, but it has received a great deal of attention, because of its great background.
twitter.com/LineaBuild/status/1640639901292015616?s=20
2️⃣ Linea’s Backers
▪️ Behind Linea is Consensys - the parent company of a series of quality and popular products such as Metamask wallet, Infura dev support tool, Diligence audit unit
3️⃣ Highlights of Linea
▪️ Linea applies zkEVM technology, providing a better product development experience for developers.
▪️ Dapps built on Linea can be reduced computation and storage costs on the Ethereum network.
▪️ Linea provides users with a simple and intuitive interface, making it easy for developers to build dApps on this platform.
▪️ @Consensys is the company behind Linea making it more competitive with other zkEVM chain such as zkSync, Scroll, and Polygon zkEVM.
▪️ @Consensys offers developers tools for building dApps on Layer 2 without worrying about basic building blocks.
▪️ Developers can use Infura's APIs and tools to focus on creating Web3 innovations.
4️⃣ The potential airdrop
▪️ Following the attention and funding they have attracted, it’s highly likely that they will launch a token and conduct an airdrop in the future.
▪️ @Axel_bitblaze69 made a detailed thread about how to be eligible for Linea airdrop.
twitter.com/Axel_bitblaze69/status/1674772969544110081
5️⃣ Who is building on Linea?
▪️ Despite being in testnet phase, Linea's ecosystem has grown quickly with several projects participating, including Hop Bridge, Cbridge, Layer Zero, Uniswap, Mes Protocol,..
📌 Here is a list of the newest protocols built on Linea:
[1] @horizondex_io
▪️ HorizonDEX is the first concentrated liquidity DEX on @LineaBuild and aims to become its primary liquidity hub.
▪️ The testnet phase is ongoing, and an incentivized testnet campaign is being hosted, with all testnet users receiving a testnet NFT at the end of the period.
twitter.com/horizondex_io/status/1672204212938186753
[2] @Echo_DEX
▪️ EchoDEX is a decentralized exchange platform built on the Linea Consensys network.
▪️ The platform is designed for fast and secure trading of cryptocurrencies, with the added benefit of being built on a trusted network.
twitter.com/Echo_DEX/status/1676199184154902530
[3] @pekoprotocol
▪️ Peko is the first money market on Linea to introduce the Dynamic Collateral Factor (DCF) mechanism to maximize capital efficiency.
▪️ At launch, Peko Protocol will allow borrowing and lending money markets with governance by the community expected by Q4 23
[4] @MendiFinance
▪️ Mendi Finance is the first lending protocol on @LineaBuild
▪️ It offers high yields through bribe-reward tokenomics and allows users to stake in order to share 100% of protocol profits.
twitter.com/MendiFinance/status/1666098318982905856
[5] @lineans_domains
▪️ @lineans_domains is the first omnichain naming service on Linea.
twitter.com/lineans_domains/status/1678766403674075137
📌 Other protocols: @LineasterBuild ; @GridexProtocol ; @NoobysSwap ; @zkHoldem
6️⃣ Conclusion
▪️ Linea is a #zkEVM solution developed by @Consensys .
▪️ It has recently launched a Public Testnet, with numerous projects deployed on this zkEVM solution.
▪️ With the participation of ConsenSys, the competition between projects will become more attractive and of better quality.
▪️ It's worth building your own list of protocols on the Linea ecosystem to keep an eye on.
Tanaka
@Tanaka_L2
Contributor at @hashflow | Ambassador: @ton_blockchain , @Mantle_Official, @arbitrum Founder of @Kollab3dotcom TG: t.me/Tanaka_L2
