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LINEA TVL surpasses $900 million and launches LINEA SURGE program to promote ecosystem development

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May 17, 2024

ODAILY Planet Daily reported that according to L2BEAT data, LINEA TVL (Total Value Locked) has exceeded $900 million, reaching a record high of $911.88 million, with a 7-day increase of 19.67%. In addition, LINEA has launched the first phase of the VOLT program under LINEA SURGE, aiming to drive ecosystem development by attracting more users and increasing network TVL. This program, based on point incentives, allows users to earn LXP-L tokens by holding assets on LINEA and deploying them to DEFI protocols. The program will consist of 6 phases (6 months) or until the TVL reaches $3 billion, with a 10% reduction in LXP-L allocation per phase, providing additional benefits to early users. Users must deploy liquidity greater than or equal to $24 in a single protocol to earn points.

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