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Metamask Unveils $30M Linea Token Onchain Rewards Program
Crypto Trends

MetaMask Unveils $30M LINEA Token Onchain Rewards Program

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MetaMask, a self custody cryptocurrency wallet, announced the upcoming launch of its MetaMask Rewards program, setting the stage to distribute over $30 million in LINEA token incentives during its inaugural season. 

The announcement, made through a post on X, as MetaMask continues to expand its offerings beyond basic transaction capabilities, having integrated features such as token swaps, staking, and portfolio management.

gm foxes 🦊

Yes, a rewards program is on the way. 👀

Any of the details you’ve previously seen/heard are not indicative of what is to actually launch. Let’s talk a little bit about what the actual MetaMask Rewards program WILL be.

This program will yield referral rewards, mUSD…

— MetaMask.eth 🦊 (@MetaMask) October 4, 2025

The company stated the program is designed to be a “genuine method of regularly giving back to [our] community” and is expected to roll out fully within the next few weeks. The wallet provider has also made it easier for users to claim eligible tokens directly through its MetaMask Portfolio interface

Reward Program Details and Scope

The rewards program, which the company emphasizes is “not a farming play,” is being positioned as one of the largest onchain rewards initiatives built. While specific eligibility criteria were not detailed, the rewards will include referral rewards, mUSD incentives, exclusive partner rewards, and access to tokens.

Additionally, MetaMask also talked about its long-time users, saying, “Long-time MetaMask users will not be ignored, they’ll be given special benefits.” The company also connected the new initiative to future plans, stating that MetaMask Rewards will have “meaningful connections with the future MetaMask token,” adding to the existing speculation around a native token launch for the wallet.

The focus on the LINEA token for the massive $30 million Season 1 distribution shows collaboration between MetaMask and Linea, the Ethereum Layer 2 scaling solution developed by ConsenSys, the parent company of MetaMask.

The full program details are expected to be shared in the coming weeks.

Also Read: MetaMask Previews In-App Trading With Hyperliquid Integration





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Swift To Test On-Chain System On Linea Blockchain
GameFi Guides

SWIFT to Test On-Chain System on Linea Blockchain

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SWIFT, the global interbank messaging network, is finally moving forward to test its on-chain messaging system on Linea, the Layer 2 blockchain developed by Consensys after months of negotiating. Several major banks, including BNP Paribas and BNY Mellon, will take part in the multi-month trial.

The test aims to explore how blockchain could improve speed and how easy the system can be programmed for international payments. According to a report by BigWhale, the banks will also test how stablecoin can be used to support tokenized transactions.

🔴 SCOOP: SWIFT picks Linea (Consensys’ L2) to test on-chain messaging

10+ banks incl. BNP Paribas & BNY Mellon join

A stablecoin is also being exploredhttps://t.co/RxBrcvV7mt

— The Big Whale 🐳 (@TheBigWhale_) September 26, 2025

“The project will take several months to see the light of day, but it promises a major technological transformation for the international interbank payments industry,” a source at one participating bank told reporters.

SWIFT’s decision to carry out this test is due to the growing interest in how blockchain technology be used in the process of traditional banking. So instead of sending multiple messages between accounts, transactions could just be recorded as single on-chain payments. Banks hope this will reduce costs and allow smoother connections with other tokenized financial assets, such as bonds and shares.

The interbank network connects more than 11,000 institutions around the world  handling billions of messages every year. But SWIFT does not move the money itself, it only sends standardized payment instructions. Money flows through accounts held between banks, known as nostro and vostro, or through national settlement systems.

For example, if a French company pays a Brazilian supplier, SWIFT sends a standard message called MT103. The supplier’s bank gets the message and processes the payment. This system works but can be slow because it depends on many steps and relays.

Why did Swift choose Linea?

Linea, a Layer 2 network built on Ethereum, was reportedly chosen for its cryptographic privacy capabilities. This allows participating banks to test blockchain functionalities without exposing sensitive commercial information.

Currently, the pilot is exploratory, with technical challenges integrating with existing banking systems to be solved. The project brings together leading institutions, giving them an early view of how the world of international payments could change

Sources indicate that the trial could eventually enable payments and settlements to merge into one secure on-chain transaction, transforming how banks move money internationally.

Also Read: Cardano is 3rd Gen Blockchain, Others Took Shortcuts: Hoskinson





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Global banks join SWIFT in blockchain test run on Consensys’ Linea
Crypto Trends

Global banks join SWIFT in blockchain test run on Consensys’ Linea

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SWIFT has reportedly mobilized a consortium including BNY Mellon and BNP Paribas for a pivotal experiment that includes migrating its core messaging system onto ConsenSys’ Ethereum layer-2, Linea.

Summary

  • SWIFT and banks including BNY Mellon and BNP Paribas are reportedly testing blockchain messaging on Consensys’ Ethereum layer 2, Linea.
  • The project follows SWIFT’s 2023 tokenization trials and supports digital asset tests planned for 2025.
  • A successful rollout could bring faster settlement, lower costs, and stronger cross-border payment infrastructure.

According to a Sept. 26 report from The Big Whale, the global financial messaging cooperative has initiated a development project with more than a dozen major institutions to experiment with putting its foundational messaging framework on-chain.

A source within a participating bank indicated the project is a multi-month endeavor, characterizing it as a precursor to a significant technological transformation for the interbank payments industry.

The selection of ConsenSys’ Linea was reportedly driven by its emphasis on privacy through advanced cryptographic proofs, a feature deemed critical for meeting stringent bank compliance standards.

SWIFT’s blockchain path was years in the making

Last year, SWIFT announced that live trials for digital asset and currency transactions across its network were slated for 2025. The current project with Linea appears to be the foundational technical work necessary to make those live trials feasible, moving the cooperative beyond theoretical research and into practical implementation.

Before this announcement, SWIFT published results from a series of trials that tested the movement of tokenized assets across both public and private blockchains. SWIFT’s research demonstrated that its existing secure messaging infrastructure could potentially function as a universal “interoperability layer,” connecting different distributed ledger technologies without requiring banks to undertake massive and costly systems integrations with each new platform.

The Linea project takes this concept a step further, exploring what happens when SWIFT’s own messaging core is migrated on-chain, potentially creating a more native and efficient settlement layer.

For banks, the implications are significant. SWIFT’s system links more than 11,000 institutions, yet it has long been criticized as cumbersome and overly dependent on intermediaries. A successful blockchain integration could mean faster settlement times, reduced costs, and a more resilient architecture for cross-border payments.



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These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos
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Linea surges as investors buy dip, ecosystem metrics soar

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Linea’s price surged over 20% on Saturday as investors capitalized on its post-airdrop dip, pushing its market cap above $418 million.

The rebound comes amid a dramatic rise in ecosystem metrics, with total value locked (TVL) hitting a record high of $1.94 billion, driven by key dApps like Aave. Linea (LINEA) is positioning itself to become a dominant force in DeFi, with stablecoin inflows and decentralized exchange volume both showing impressive growth.

The Consensys-created layer-2 network could be entering the markup phase of the Wyckoff Theory, signaling further potential gains.

Summary

  • Linea price jumped as the total value locked in the network jumped to $1.94 billion.
  • The DEX volume has jumped to $1.97 billion this month so far.
  • Data shows that the amount of stablecoins in the network jumped to a record high.

Can Linea position itself as the leading L2 by TVL?

Linea jumped to $0.027, up by 30% from its lowest level this week. This jump brought its market capitalization to over $418 million. 

Linea price rose as key metrics on its ecosystem jumped to a record high, a sign of its improving ecosystem. Its total value locked jumped to over $1.94 billion, much higher than the year-to-date low of $147 million. 

Aave (AAVE), the biggest player in decentralized finance, has led this growth. Its TVL soared to over $1.1 billion, while its 24-hour fees in the network jumped to over $90,000. The other top dApps in the network are Renzo, Etherex, and Euler.

This growth aligns with Linea’s goal of becoming the biggest layer-2 in terms of DeFi TVL. To achieve that goal, it will need to pass Base and Arbitrum, which have $7 billion and $4 billion in assets. 

2026 Goal: Linea positions itself as the leading L2 by TVL and as the premier destination for ETH capital.

Every major financial institution goes onchain, but on credibly neutral platforms, not corporate chains.

— Linea.eth (@LineaBuild) September 12, 2025

Additionally, Linea is becoming a major player in the decentralized exchange industry. dApps in its network handled volume worth $1.97 billion this month so far, slightly lower than the $2 billion they handled last month. These are big numbers for a network that handled just $258 million in July. 

The amount of stablecoins on the network is soaring. Its stablecoins jumped by over 1.5% in the last seven days to $298 million, with USD Coin having the most significant market share. 

Linea price analysis

Linea price chart | Source: crypto.news

The 30-minute chart shows that the Linea crypto price bottomed at $0.02168, a level it failed to move below after its airdrop. This rebound could be happening as investors buy the dip. 

While it is too early to tell, there are signs that it is about to move to the markup phase of the Wyckoff Theory. If this happens, it could jump sharply, potentially to the key resistance level at $0.050, which is about 96% above the current level. 





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Ethereum
NFT Gaming

Ethereum Staking In Focus: SharpLink Considers Linea For Treasury Yield – Details

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

SharpLink is weighing a bold move that could reshape how corporations manage digital assets. Presently, the company is exploring the option of staking a portion of its Ethereum on the Linea network.

What Staking Ethereum Means For SharpLink

SharpLink Gaming (NASDAQ: SBET), one of the largest Ethereum treasury firms, is taking a step into the future of decentralized finance, with plans to stake a portion of its massive $3.6 billion ETH treasury on the Linea layer-2 network. 

According to Co-CEO Joseph Chalom, this strategic decision will help diversify the company’s staking strategy while actively contributing to the growth of the Ethereum ecosystem. By choosing to explore staking on Linea, the company is signaling a strong belief in ETH scaling solutions, which comes as Linea prepares for its official mainnet launch on September 10.

The company has also joined the Linea Consortium, which oversees the distribution of 75% of the LINEA token supply. This strategic alliance helps SharpLink advance its own financial goals and also positions it as a key partner in the long-term development and governance of the Linea network.

In an X post, SharpLink Gaming makes a clear statement that the company is fully compliant with Nasdaq rules and does not require further shareholder approvals to execute its At-the-Market (ATM) program for funding Ethereum purchases.

SharpLink’s core strategy remains focused on raising capital only when it is accretive for shareholders, which adds to the value of the company’s stock. Recent media reports have suggested that some Digital Asset Trust (DAT) companies may need shareholder approval before issuing new shares to fund crypto acquisitions.

However, these reports likely reference newer DATs that may face challenges meeting Nasdaq requirements or are under increased regulatory scrutiny. SharpLink maintains a rigorous commitment to compliance and transparency, ensuring all its transactions are conducted in accordance with Nasdaq rules and industry best practices.

Institutional Inflows Fuel Ethereum Momentum

The Ethereum narrative has shifted from a speculative play to a deeply convictional institutional bet. Amid this shift, CryptoBusy has revealed that Ethereum has seen a massive price surge of nearly 200% since April, driven by a confluence of powerful on-chain and institutional forces.

According to recent data, Whales have added 5.54 million ETH to their holdings, reinforcing confidence in Ethereum’s long-term potential. Institutional bets are intensifying, with BitMine $65 million ETH purchase, and other major players increasing their exposure. Meanwhile, $151 million of ETH has moved into Aave, showing robust demand within the DeFi ecosystem.

ETF inflows reached $3.87 billion in August alone, further strengthening ETH’s performance. These combined forces are building a solid structural floor under Ethereum, reinforcing market conviction and positioning ETH as a top-tier cyclical leader.

BTC trading at $4,302 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

Linea: Everything You Need to Know About the Ethereum Layer-2 Network Airdrop and Token

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In brief

  • The LINEA token will begin its airdrop process on September 10.
  • More than 9 billion tokens will be available to early users when the claim opens.
  • An additional 75% of the total supply will ultimately be distributed to ecosystem participants.

Ethereum layer-2 network Linea aims to use its upcoming LINEA token as an incentive to draw the world’s capital to Ethereum. 

Described by backers as the most Ethereum-aligned layer-2 network, Linea will offer native yield to ETH stakers, as well as an ecosystem fund made up of around 54 billion LINEA tokens to draw users to its network. 

Linea’s long-awaited token generation event (TGE) is coming on September 10. Here’s a look at everything you need to know about what the LINEA token is and who can claim it.

Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.

The eligibility checker is now live ahead of the September 10 TGE.

Check yours at https://t.co/GDV3kRe0Kf pic.twitter.com/emB8WlqCNF

— Linea.eth (@LineaBuild) September 3, 2025

What is the LINEA token?

Distributed by Swiss nonprofit the Linea Association, LINEA is the native token of the Ethereum layer-2 network of the same name. The network was developed by Ethereum software development firm, Consensys, and Linea is described an “extension” of the established layer-1 network. (Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt). 

Unlike other layer-2 network tokens, LINEA will not act as the native gas token for the Linea network. Instead, Linea will use ETH as its gas token to pay transaction fees. The LINEA token also differentiates itself from other layer-2 network tokens, as it does not have any governance powers and it is subject to a buyback and burn mechanism. 



In other words, using a portion of the ETH revenue it earns from transaction fees, the network will buy LINEA and subsequently burn it, or effectively remove it from the circulating supply. 

The token will maintain a total supply of 72,009,990,000 LINEA, or 10 times the initial circulating supply of Ethereum. 

When is LINEA dropping?

The LINEA token generation event (TGE) will take place on September 10, at which point any eligible airdrop participants can begin the claim process. 

Eligible parties will have up to 90 days to claim their LINEA tokens. After that time, any unclaimed LINEA tokens will be added to the ecosystem fund and subsequently distributed by the Linea Consortium. 

Who will get the LINEA airdrop?

The LINEA token will be distributed in three major buckets: early users, ecosystem participants, and the Consensys treasury. 

10% Early Adopters

Early users of Linea’s network that earned points via the Linea Voyage and Linea Surge campaigns are eligible to claim their respective share of around 10% of the LINEA supply. In order to be eligible, campaign participants must have achieved at least 2,000 points in the Voyage campaign and 15,000 points in the Surge campaign. 

This criteria and the elimination of around 800,000 sybil wallets, or those who tried to game the system to earn the token, left around 750,000 eligible wallets to split 9.3 billion LINEA tokens. 

A further 1% of the early adopters bucket is set aside for strategic builders in the Linea ecosystem, but those tokens will be directly distributed and will not be claimed as part of the airdrop.

An airdrop eligibility checker was released by Linea on September 3. 

75% Linea Ecosystem Participants

The largest chunk of LINEA tokens, 75% of the total supply, will be awarded to active participants within the Linea ecosystem and distributed by a collective body of Ethereum-aligned entities dubbed the Linea Consortium. 

Made up of firms like publicly traded Ethereum treasury SharpLink Gaming, ENS Labs, Eigen Labs, and Consensys, the consortium is mandated to distribute the ecosystem fund to those helping propel the Linea network and Ethereum. 

“It’s users, it’s builders, it’s liquidity providers, it’s institutions, it’s creators… anything or anyone that’s going to help make Ethereum and Linea successful,” Head of Linea Declan Fox told Decrypt in July. 

Small portions of the 75% have already been approved for distribution by the consortium, including 4% at TGE for liquidity providers during the Linea Surge event. Distribution of a further 1 billion LINEA tokens was approved as part of Linea Ignition, a liquidity bootstrapping event running through October 26. 

15% Consensys Treasury

The final 15% of the LINEA supply is set aside for Consensys, the development firm that incubated the layer-2 network. All 15% of the tokens set aside for the software firm are locked up for five years.

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NFT Gaming

SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Treasury on Linea, CEO Says

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In brief

  • SharpLink Gaming will explore staking part of its Ethereum holdings to the Linea network once it hits mainnet, as the firm looks to expand its yield-bearing opportunities.
  • Joseph Chalom, co-CEO of SharpLink, told Decrypt that the treasury company is currently staking almost the entirety of its holdings through its custodians, but this is set to change.
  • SharpLink has joined the Linea Consortium, a collective of companies committed to stewarding the LINEA token launch and driving the network’s success.

SharpLink Gaming plans to explore staking an undisclosed portion of its $3.6 billion Ethereum holdings on Ethereum layer-2 network Linea, once it hits mainnet on September 10.

Joseph Chalom, co-CEO of SharpLink, told Decrypt that the treasury company is currently staking almost the entirety of its holdings through its custodians, Anchorage and Coinbase. However, as the company matures, it will look to diversify the staking vehicles it utilizes as it seeks out higher-yield opportunities.

“When you hold billions of dollars of ETH and you’re looking at a portfolio of staking, there is going to be an ability to deploy that through staking opportunities on Linea,” Chalom told Decrypt. “And that is really, really important, not only to Consensys, but to the Linea Consortium. And if there are opportunities that SharpLink can avail itself of to get better yield, higher risk-adjusted yield through the Linea network, we will do that.”

“SharpLink has been staking our ETH after purchasing through a combination of native staking and liquid staking tokens,” he added. “As we expand our potential staking opportunities, we will be actively considering Linea-based staking opportunities.”

The co-CEO stressed the importance of driving real-world activity to “Ethereum-aligned” projects, Linea being one of those. He explained that by driving high-quality activity towards these kinds of projects, it should, in turn, also drive up the price of Ethereum—which is ultimately in the interest of SharpLink as one of the largest holders of ETH.



“When I say we’re here to support Ethereum, we’re here to support Ethereum and the L2s that derive from it,” he added. “So not only allocating tokens for Linea bootstrapping [as part of the Linea Consortium], but also [exploring] potential opportunities in staking and liquidity provision, given how much ETH we as a treasury want.”

Back in July, SharpLink joined the Linea Consortium—a group of companies that will steward 75% of the LINEA token distribution. Chalom said the Consortium is “mission-aligned” to make Linea a “highly successful” layer-2 network, adding that the token launch will “bootstrap” the network with more than 80% of the supply being used to support on-chain projects.

Consensys, the creator of Linea, is led by CEO Joe Lubin, who is also a co-founder of Ethereum and the chairman of SharpLink’s board of directors. As such, it’s only natural that Linea aims to support the Ethereum base layer through mechanics such as native yield on bridged ETH and ETH burns—a response to the narrative that layer-2 networks take value away from Ethereum’s mainnet.

(Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.)

That said, exactly how much Ethereum the firm bridges over to Linea and in what capacity it will be used to generate yield has yet to be confirmed.

Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.

The eligibility checker is now live ahead of the September 10 TGE.

Check yours at https://t.co/GDV3kRe0Kf pic.twitter.com/emB8WlqCNF

— Linea.eth (@LineaBuild) September 3, 2025

“We are, at this point, trying to figure out what is the optimal portfolio of staking, beyond just vanilla, native staking through custodians,” Chalom explained. “We’re also investors and staking liquidity providers to Liquid Collective, which is a liquid staking token. There are ways to drive more of the delegation to participants on the Linea network, even through native staking as well as liquid staking.”

“It’s early days. I’m not really comfortable sharing exactly what the plans are, because we’re trying to figure out the entire portfolio of staking,” he added. “Remember: The number-one thing an ETH treasury is supposed to do is preserve its capital. The second is to have that capital appreciate, and the third is to go along the risk spectrum and drive yield.”

At the time of writing, SharpLink’s entire treasury of $3.6 billion worth of Ethereum—or approximately 0.69% of the total supply—is being staked with its custodians. However, the firm is on the precipice of diversifying where and how it is using its Ethereum.

“We’re at a pivotal moment in terms of opportunities to stake, and we want to do it in a way that really, really is diversified,” Chalom explained. “So I think what you’ll find is we’re going to walk before we run, but our goal is to drive the highest yields on a risk-adjusted basis for our investors.”

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Etherex price gains 40% amid Linea rewards program launch
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Etherex price gains 40% amid Linea rewards program launch

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Etherex price surged after Linea launched a major rewards program designed to pump liquidity across its ecosystem.

Summary

  • Etherex price rose 41% to $0.585 after a new Linea rewards program launch.
  • Daily trading volume climbed 82% to $3.89M; TVL topped $200M.
  • Risks include October LINEA unlocks and yield dilution from rising TVL.

In the past day, Etherex has increased 41% to $0.5794, briefly reaching an all-time high of $0.585. The rally came after Linea’s new liquidity rewards program went live on Sep. 2, 2025.

Linea Ignition boosts Etherex

The initiative, called Linea Ignition, will run for two months and distribute 1 billion LINEA tokens to liquidity providers across leading decentralized finance protocols. Among them, Etherex, a MetaDEX built directly on Linea’s zkEVM Layer 2, has emerged as the biggest winner.

Developed in collaboration with Linea, ConsenSys, and Nile Exchange, Etherex functions as the network’s main liquidity hub. It powers major trading pools such as USDC/ETH, WBTC/ETH, and REX/ETH.

Market activity spiked in response. Etherex’s daily trading volume rose 82% to $3.89 million, while its market cap grew to $57.7 million with a fully diluted valuation of $206.8 million. The protocol now secures more than $200 million in total value locked, making it the largest on Linea.

The program’s design has been a key driver. Ignition has created a feedback loop by linking rewards to market volatility and layering REX bonuses. Increased liquidity lowers slippage, which attracts more trading volume and raises incentives for token holders.

Investor confidence and REX price risks

With ConsenSys-linked wallets consistently increasing their REX holdings, trust in the project’s alignment with Linea’s long-term goals has grown. Social media traders referred to Etherex as a “whale magnet,” pointing to its fee decay mechanism, x(3,3) token dynamics, and fair emissions model.

But there are still some risks. While rising TVL may gradually reduce yields for liquidity providers, selling pressure may be triggered by the planned Oct. 27 unlock of vested LINEA tokens.

For now, however, Etherex’s deep integration with Linea has solidified its role at the center of the chain’s DeFi activity. The project seems well-positioned to continue its momentum into the last quarter, with Ignition already underway and features like Native Yield integration in the works.



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