Linea Network TVL Surges 37% as Etherex Leads Growth

Linea Network’s Total Value Locked (TVL) soared over 37% in 24 hours, reaching $2.6082 billion, with Etherex becoming the top protocol by TVL, achieving a 1241% weekly increase.

This significant growth underscores shifting dynamics in the DeFi landscape, influenced by Linea’s technological advancements and Etherex’s strategic positioning, impacting Ethereum-related assets and overall capital flow.

Etherex Climbs to Top with 1,241% TVL Increase

Etherex’s rapid growth follows strategic upgrades and token events within the Linea Network. Declan Fox, head of Linea, noted at a tech summit that recent upgrades introduce ETH-native staking and ETH burning. Governance enhancements aim to reshape Ethereum L2 scalability, creating demand and deflation for tokens.

Etherex’s 1241% weekly increase in TVL underscores its emergence as a DeFi leader. The event went largely unaddressed by regulatory bodies, but the crypto community shows a high level of interest, with discussions focused on Linea’s innovations. While notable figures like Vitalik Buterin and CZ haven’t commented, the sentiment across forums is highly positive.

“Our upgrades introduce ETH-native staking, ETH burning, and an 85% allocation of token supply to developer incentives, aiming to reshape Ethereum L2 scalability and economics.” — Declan Fox, Head of Linea, ConsenSys

Ethereum Price and Linea’s Broader Impact

Did you know? Ethereum’s prior network upgrades also resulted in sharp TVL increases, drawing parallels between Linea’s success and past L2 scalability solutions.

According to CoinMarketCap, Ethereum (ETH) currently trades at $4,040.09 with a 24-hour trading volume of $47.67 billion, marking a 5.03% rise in the last 24 hours. The market cap stands at $487.68 billion, sustaining a 12.54% dominance. Ethereum’s circulation supply is 120,709,228 ETH as of this update.

The Coincu research team suggests that Linea’s phased incentives can bolster liquidity and participation. Developer-driven tokenomics and enhanced scalability may stimulate capital influx, guiding DeFi ecosystems toward broader adoption. Reactions remain cautiously optimistic, aligning with historical L2 growth patterns.