Ethereum Layer 2 network Linea has officially launched a dual-token burn mechanism aimed at creating a deflationary model and enhancing long-term value. According to the announcement, all transaction fees will be paid in ETH. After covering infrastructure costs, 20% of the remaining fees will be burned in ETH, while 80% will be converted to LINEA and burned on the Ethereum mainnet. This mechanism took effect on November 4 and will be retroactively applied to all transaction fees since September 11, following the LINEA token generation event.
Linea Launches Dual-Token Burn Mechanism on Ethereum L2
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
