The post Linea’s Surge Volt 2 Commences Amidst Robust Network Growth appeared on BitcoinEthereumNews.com.

Linea has launched the second phase of its Surge initiative, Volt 2, following the successful completion of Volt 1, according to Linea blog. The Surge program has propelled Linea, a zkEVM Layer 2 network, to new heights with over $1 billion in Total Value Locked (TVL) and modifications to the LXP-L distribution system, benefiting early adopters. The Surge Volt 1 Growth The first phase, Volt 1, concluded on June 16, 2024, marking substantial growth in both TVL and daily trading volume. Since its launch on May 17, 2024, the network has witnessed: TVL growth: Increased by $416 million, a 52% rise. Active TVL growth: Boosted by $383 million, a 130% increase. Average daily volume: Grew by 66.19% compared to the previous month. Peak daily volume: Reached $93 million on May 20, 2024. These impressive metrics underscore the success of the Surge program and the growing interest in Linea’s DeFi ecosystem. Updates to Expect For Volt 2 Volt 2 introduces several key updates aimed at enhancing user participation and rewards: Stablecoin Boost: Liquidity Provider (LP) pairs involving stablecoins will receive an additional boost. This adjustment is designed to deepen stablecoin liquidity on the network, providing users with more LXP-L rewards for their stablecoin positions. Decrease in LXP-L: Total LXP-L collected by users will decrease by 10%. This change aims to maximize rewards for early adopters, with each subsequent Volt reducing the total LXP-L generated by another 10%. Decrease in Early Adopter Modifier: The Early Adopter (EA) Modifier boost will reduce from 1.5x to 1.3x, continuing to provide extra rewards for initial participants but at a slightly lower rate. Veteran Points Remain Active: Veteran Points will continue to offer a small boost to DeFi groups that have contributed to the Surge’s success since day one. Users are encouraged to join the Surge…

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Filed under: News - @ June 18, 2024 9:14 pm