Since launching on May 17, The Surge has fueled explosive growth of Total Value Locked (TVL) and daily trading volume on Linea, the web3 world’s fastest-growing zkEVM L2. This success is thanks to the collaboration of the Linea community, including web3 dapp builders and an influx of new DeFi users joining Linea’s network.
Volt 3 is now live. Here’s everything you need to know, including important updates.
Important Changes in Volt 3
Linea’s ecosystem is thriving, with substantial activity in all sectors and a healthy TVL well above $1 billion. Volt 3 features some small modifications as the team prepares to improve The Surge program's UX and ecosystem integration.
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Last Month for Early Adopter Modifier: This is the final month the Early Adopter Modifier will be active. Make the most of it while you can and maximize your LXP-L collection.
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Improved User Interface: We’ve heard feedback that the current OpenBlock Labs dashboard is confusing for many users. We are contracting a third-party developer to create a better UI to make The Surge a straightforward, seamless experience. We will be providing updates on this development over the next 3 weeks. This new interface will offer intuitive ways to get involved in The Surge, making participating easier than ever.
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Integration of Linea Native Tokens: In Volt 3 of The Surge, our team will integrate native tokens starting with DeFi projects. This initiative aims to enhance functionality and provide more options for users, particularly those focused on Linea-native projects. Initially, users can earn LXP-L by providing liquidity for $MENDI, $NILE, $ZERO, and $LYNEX. Over the next month, we will update the community about new token integrations and additional participation methods, such as staking native tokens in their respective protocols.
Integrating native Linea protocols into The Surge is crucial for increasing active TVL and protocol participation. These tokens play essential roles within their respective protocols, including governance votes, rewards, and security. Allowing LXP-L for LPing with these native tokens supports the growth of core protocols within our ecosystem. Below is a list of assets and how you can participate in the Surge with them:
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$MENDI: Earn LXP-L by providing $MENDI liquidity on available DEXs & Lending Markets.
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$LYNEX: Earn LXP-L by providing $LYNEX liquidity on available DEXs & Lending Markets.
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$NILE: Earn LXP-L by providing $NILE liquidity on available DEXs & Lending Markets.
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$ZERO: Earn LXP-L by providing $ZERO liquidity on available DEXs & Lending Markets.
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Growth Recap of Volt 2
Volt 2 officially concluded on July 15! Over the period from June 17 to July 15, TVL on Linea and daily volume saw substantial growth:
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TVL reached $1.29 billion on July 2. (Growthpie)
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Active TVL hit over $752 million on July 2, marking an impressive distribution of TVL allocated to protocols on Linea. (Defillama)
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Average daily volume grew 70% compared to the previous month. (Defillama
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Peak daily volume reached $82.3 million on July 5. (Defillama)
Keep Surge-ing On
The Surge will continue for six Volts or until we reach $3 billion in network TVL. Our strong start is a testament to the dedication of our growing community of Lineans.
Remember, as the program progresses, rewards decrease. Join Volt 3 now to maximize your LXP-L. Visit the Open Block Labs dashboard to track your progress and dive into our docs to learn more.
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Activate your wallet, join the referral system, and start collecting LXP-L today!