At Extreme Investor Network, we are excited to bring you the latest updates from the world of cryptocurrency and blockchain technology. Today, we are thrilled to share the news about Linea’s Surge Volt 2, the second phase of its Surge initiative that has been making waves in the industry.
Linea, a zkEVM Layer 2 network, has experienced tremendous growth with over $1 billion in Total Value Locked (TVL) and significant enhancements to the LXP-L distribution system through its Surge program. The success of Volt 1, which concluded on June 16, 2024, demonstrated the network’s potential with impressive metrics such as a 52% increase in TVL, a 130% rise in active TVL, and a 66.19% growth in average daily volume.
Now, with Volt 2, Linea is introducing key updates to further enhance user participation and rewards. These updates include a boost for LP pairs involving stablecoins, a decrease in total LXP-L collected by users to maximize rewards for early adopters, and adjustments to the Early Adopter Modifier boost. Additionally, Veteran Points will continue to provide extra rewards to DeFi groups that have contributed to the Surge’s success.
As with any growing network, there have been challenges along the way, such as protocols temporarily ceasing to generate points on the OpenBlock Labs (OBL) dashboard. However, Linea is working closely with dapp-specific teams to address these issues and ensure a smooth experience for users.
Looking ahead, the Surge program is set to run for a total of six Volts or until the network reaches $3 billion in TVL. Early participation is key to maximizing LXP-L collection as rewards will decrease as the program progresses.
Participants can track their progress and rewards on the OpenBlock Labs dashboard and refer to the official documentation for more details about the Surge program. Stay tuned for more updates and insights on crypto and blockchain technology from Extreme Investor Network.