Consensys launched Linea first as a zkEVM rollup using ETH. When LINEA arrived two years later, it connected network revenue to ETH and token burns, but the earlier promise of holder governance had become Consortium stewardship with no DAO or on-chain token vote.
Linea opened Mainnet Alpha in July 2023 as a Consensys-built zkEVM rollup. It settled activity to Ethereum and charged gas in ETH; there was no LINEA token needed to submit an ordinary transaction.
That order matters. LINEA arrived in September 2025 as an economic layer for grants, incentives and revenue-linked burns. Buying the later token does not make its holder an owner of the earlier rollup, Consensys or the codebase now called Lineth.
The supply number deliberately echoed 1,000 times Ethereum initial circulation. Eighty-five percent went to ecosystem purposes: 9% user airdrop, 1% strategic builders and 75% Ecosystem Fund. Consensys treasury received 15%.
About 15.8 billion, or 22%, was expected at TGE. Consensys tokens face a five-year cliff, while the long-term fund uses a decaying schedule over roughly 10 years; roughly 25% of that fund was expected for activation in the first 12–18 months.
These are stewardship schedules, not holder vesting rights. Grants, liquidity and public-goods spending depend on Consortium decisions and program rules.
Linea charges ETH gas. Its revenue design takes net L2 fees after L1 costs, burns 20% as ETH and routes 80% through a configurable swap to buy LINEA, bridge it to L1 and burn it. Usage can reduce both assets, but the route is not a trustless formula frozen forever.
RollupRevenueVault has administrative settings for invoice receiver, burner and DEX adapter. Auditors verified specific 2025 deployment bytecode, while slippage, liquidity, message delivery and role security remain operational dependencies.
The L1 token exposes MINTER_ROLE and burn under AccessControl; its admin manages minters. L2 cannot be treated as an independent mint authority: message-service and token-bridge identities synchronize cross-chain supply.
The canonical address is 0x1789e0043623282d5dcc7f213d703c6d8bafbb04 on Ethereum and Linea. On 2026-09-05 the L2 contract returned 69,613,906,640.65389509438826566 LINEA. That point-in-time total is below the 72,009,990,000 design amount, but it cannot by itself separate burns from bridge accounting and is not circulating supply.
Both token sides use upgradeable proxies. The L2 implementation slot pointed to 0xe03F157dE67AC4b2A9a949D64d2A3C64Ffa1BC55 at review. A security council and timelock design may constrain changes, but upgrade power has not vanished.
In November 2024 the Swiss Association announcement anticipated token-holder governance. July 2025 tokenomics changed the answer: LINEA currently carries no on-chain governance and Linea runs without a DAO.
Emissions, grants, incentives and fund allocations sit with the Linea Consortium, initially naming ENS Labs, Eigen Labs, SharpLink, Status and Consensys. The announced U.S. non-stock wrapper and promised charter do not make each seat, threshold and veto a token-holder right.
LineaRollup accepts state submissions and proofs through operator and verifier roles. Pausing, verifier changes, upgrades, bridge messaging and sequencer availability remain material even when validity proofs protect finalized state transitions.
Lineth open-sources the stack and was contributed to Linux Foundation Decentralized Trust in 2026. Open code expands who can inspect or build, but it does not by itself decentralize Linea Mainnet’s live sequencer, prover or admin keys.
Ignition committed 1 billion ecosystem-fund LINEA to liquidity incentives. Native yield for bridged ETH moved through later contracts and audits. Both require participation in named programs; neither creates passive LINEA staking or a claim on bridged ETH.
Ordinary holders own transferable tokens and whatever market value they can realize. They do not receive Consensys or Association equity, guaranteed grants, revenue share, redemption, sequencer access or a proportional slice of the Ecosystem Fund.
Linea announces the final road to a public zkEVM mainnet.
Mainnet Alpha begins settling L2 activity to Ethereum.
The Association describes a future token with holder governance.
A 72,009,990,000 supply, 85/15 allocation, dual burn and no token governance are published.
The verified proxy points to L2LineaToken implementation 0xe03F157dE67AC4b2A9a949D64d2A3C64Ffa1BC55.
The token and initial claim page go live.
Auditors verify revenue-vault, swap-adapter and L1 burner deployment bytecode.
The open-source Linea stack becomes Lineth under Linux Foundation Decentralized Trust.
Last evidence review: 2026-09-05
Linea opened its public zkEVM Layer 2 in July 2023 as a Consensys-built rollup that settles to Ethereum and charges gas in ETH. The Swiss Linea Association announced in November 2024 that a future token would support holder governance. The July 2025 token design took a different route: LINEA would coordinate ecosystem funding and burns, while the network would have no DAO and the token no on-chain vote.
LINEA is therefore separate from the rollup, Consensys, the Association, the Consortium and the open-source Lineth stack. Its canonical address is 0x1789e0043623282d5dcc7f213d703c6d8bafbb04 on both Ethereum and Linea, but the same address serves different L1 and L2 contract duties. ETH remains the gas asset.
L2 networks can collect fees while weakening ETH economics or concentrating value in insiders. Linea designed LINEA to direct most supply toward ecosystem programs and to share net fee burn between ETH and LINEA. That alignment is administered through funds, contracts and councils rather than token voting, so readers must ask who controls releases, upgrades, sequencing and the burn route.
Users pay gas in ETH. After L1 costs, the published design burns 20% of net fees as ETH and uses 80% to buy LINEA through a configurable DEX path, bridge it and burn it. The L1 token can mint and burn under roles; the L2 representation synchronizes through bridge and message-service permissions. LINEA is a transparent upgradeable proxy and has voting-compatible code, but the project states that token holders currently have no on-chain governance and there is no DAO.
No. Linea users pay gas in ETH. LINEA coordinates incentives and is bought and burned through the revenue design.
0x1789e0043623282d5dcc7f213d703c6d8bafbb04 is used on both Ethereum and Linea. Verify the chain and proxy before interacting.
That was initial supply. The 2026-09-05 L2 totalSupply() reading was 69,613,906,640.65389509438826566, but that snapshot alone does not explain the difference.
The project says LINEA currently has no on-chain governance and no DAO. Consortium and security-role structures control different decisions.
Ordinary LINEA has no protocol staking right. Ignition rewards and bridged-ETH yield are separate programs and contracts.
A Consortium administers the 75% fund through an announced legal wrapper. Token ownership does not give a pro-rata claim on fund assets.
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