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🔋 Altcoins may be setting up for a 2021 style move again In the previous cycle, alts never really got washed out against Bitcoin the way they did in 2019 and during the COVID crash in 2020. Back then, OTHERS/BTC dropped all the way into a major long term support zone before the 2021 altcoin expansion began. This time, we have finally come back to that same area. That is the part I find interesting. Altcoins have already spent years underperforming $BTC, and the relative reset is much deeper than it was before the last major alt run. If this long term support holds and the structure starts turning up, the next altcoin cycle could look similar to 2021. Potentially even stronger. The chart is not confirming that yet. But the setup is finally there.

Our Official Response to FUD and Drama. You're gonna see us on a rampage this year. Of course, the most delightful things to engage with on twitter are drama and FUD posts. So reasonably, I’ve been getting questions about what various trends mean for Optimism. Whether it's regarding thought leader commentary, other L1s, or poorly disguised forks of the OP Stack. Let me be clear: External commentary doesn't change our roadmap. It doesn't modify the history of what we've already accomplished. It doesn't change our priorities. We set our roadmap based on what our partners need. People choose the OP stack because it's the best technology, the most performant chain stack, and the most profit-enabling infrastructure. These claims are proven in production, not flashy headlines for technology that hasn't been built. What we're actually building The Scale The Superchain is by far the fastest growing blockchain stack in crypto. Two years ago, we processed 208 million transactions. Last year, 6.1 billion. That's 29x growth— by far the fastest of any blockchain ecosystem in crypto. The Economics 10.1x. For every dollar users spend on fees, chains generate ten dollars in revenue. The value flows to partners, not the platform. That's by design. The Model The OP Stack is open source. To differentiate in a competitive market, you need to own your infrastructure. But most enterprises don't want to build and maintain it themselves—they want to focus on their product and their users. That's the gap we fill. That's why we built OP Enterprise. Think of it like Databricks for Spark or Elastic for Elasticsearch: open source core, widely adopted, but enterprises need support, customization, and guaranteed service levels. OP Enterprise is that layer for blockchain infrastructure. The Partners World is building identity systems for 20 million users. Sony is building for creators and gaming. Uniswap is building the home for onchain trading. Kraken is bringing institutional-grade infrastructure to their users. Base has scaled to become one of the largest chains in crypto. Each chose us for specific strategic reasons—and those reasons haven't changed. The Future As the market matures, partners will evolve in different directions. Some will want more control. Some will build specialized systems for their unique requirements. That's expected. The Superchain was designed to be bigger than any single partner. We've been at this for four years. We're just getting started. This week at the Scaling Summit, we're showing the next generation: native interoperability, faster block times, enterprise-grade compliance controls. What if you could launch products in weeks, not years—and make more revenue for every dollar deposited? That's what we help you do.

🧐L2 tokens need a utility! Another voting token won't work! Who is next in line? Looks like it's @LineaBuild and here's what they should look at. @ethereumJoseph, @rojotek should draw the right conclusions from the @Scroll_ZKP airdrop that left no chance for $SCR token growth in the short term after listing. The team should implement a maximum bar on airdrop if they plan to distribute it and not let whales take 2/3 of the distribution theblock.co/post/322255/why-…. This is how decentralization is broken and puts serious pressure on the token price, which is what we saw with the $SCR token distribution and its market price after listing. 9 days before the listing, anticipating all the problems that happened I gave advice on decentralization, but it was not heard. Other than that, @Consensys can break the trend of the declining FDV of every new L2 on the market. At a minimum you don't need to come out with a token in 2024 to do so. Calmly allocate points after November 25. And wait for a good bull market. Otherwise Linea will be just another L2 meme that all Twitter will be buzzing about, but no one will buy it! Instead of rushing to release the token, the team would be better off focusing on the utility of the token. One voting function is not enough! All of L2 needs $ETH and can easily do without the native network token, it simply has no utility. That's a problem! But Linea has a trump card in the form of Metamask Card integration, which no other L2 solution on the market has. MetaMask Card will work on Linea's network. This means that card users will need to use this network and store their funds in this blockchain. But the problem is that $ETH will be used to pay commissions. The native token of the network again gets nothing from this trump card! But this can be fixed! Linea could introduce incentives for paying for gas in the native token and award some points for that. These points can then be allocated to further airdrops or rewards, converting the points into a token. It's like paying a commission on a stock exchange with a discounted token. Try to motivate your audience to use the native token instead of $ETH for commissions. It will be good for the holders, and for the users, who will be motivated to buy the token to get benefits, and not to forget about the project immediately after #airdrop. That is, make like @Starknet and @zksync an abstraction so that gas can be paid for with both native tokens and $ETH. But incentivize to use your token specifically for this task! Then all the huge Metamask audience who will buy cards will regularly buy the native token of the network to pay for gas when their USDT, USDC and wETH are automatically converted to dollars in the #Linea network. It is possible to go further and improve the idea by thinking through the combustion mechanisms. Which would make the token deflationary in the long run. For example, for the accumulated points that will be accumulated by users for using the native token as gas, the project could not distribute the drop to users, but simply burn its equivalent. And do so with some periodicity, on which to provide for a share of tokenomics in the treasury. Someone has to break the inefficiency of L2 tokens. Whoever is first will lead this segment. Linea is well positioned to do just that! Let's face it, which L2s continue to be used? The ones that didn't offend users during allocation, i.e. Arbitrum and @Optimism with some of its Superchains (@base) defillama.com/chains/Rollup. All L2's are now cheap today after the Dencun update to @ethereum. User can easily forget forever the Chain that offended him as it has many alternatives. Will use the same cheap @arbitrum and that's it. Fall in love with the user, attract and encourage their attention! If you are making another L2 to offload teams and funds about retail, it's better to just stay out of the market! @simonhmorris @matthieubouchau @VitalikButerin @ConsensysAudits @MetaMask @MetaMaskDev Colleagues on the shop floor, help spread the information: @CC2Ventures @cryppinfluence @0xNonceSense @info_insightful @cryptotrader85 @heycape_ @Shivfreespirit @monkeybiz0z @NoahWeb3_ @calebsol @cryptojack @chainyoda @WuBlockchain @gluk64 @frogmonkee @Ozhar @Yogi13031997 @stonecoldpat0 @TrustlessState @Caneleo55 @heycape_ @0x_Lens @Andrey_10gwei

The Linea Consortium has approved a 4% LINEA allocation for Liquidity Providers who participated in the Linea Surge campaign. SBTs were minted last Friday to eligible wallets as the first step toward distribution. More details on the conversion of these SBTs to LINEA tokens will be revealed with the official eligibility checker.

LXP-L + LAM = SAFU More to come. Get hyped.