ConsenSys' Ethereum Layer 2 solution Linea announced the mainnet launch during the ETHCC conference and airdropped related NFTs to participants of the Linea Voyage event. Currently, the Linea official bridge has initiated a 48-hour zero fee promotion to invite users to experience the Linea mainnet. Owlto Finance, a cross-rollup bridge project, has also started a 7-day zero fee promotion (ends on July 25th). As a newly launched mainnet project, it is believed that there will be continuous airdrops of mainnet tokens and ecosystem projects, which will further boost the popularity of the Linea network. BlockBeats has compiled a list of projects on the Linea network that are worth attention or interaction.
Cross-Chain Bridges
On the cross-chain bridge front, according to the official ecosystem page, in addition to the official bridge and well-known bridges like Celer (already supported by Linea mainnet), Li.Fi, Orbiter, and Stargate, there are several relatively unknown bridges that will support the Linea mainnet.
Symbiosis
The multi-chain liquidity protocol Symbiosis completed a $2 million financing round in October 2021, with Blockchain.com Ventures leading the investment and participation from Wave Financial, BTC Inc, KuCoin Labs, Injective Labs, DAO Maker, Primitive Ventures, Kairon Labs, Gate.io, and Richard Dai. The protocol has been launched for quite some time but has not gained much traction. According to DefiLlama data, its current TVL is only $3.53 million.
Currently, Symbiosis does not support the Linea mainnet but participated in the Linea testnet Galileo event.
XY Finance
The cross-chain exchange aggregator XY Finance completed a $12 million financing round in November 2021, with participation from Circle, Mechanism Capital, Animoca Brands, Yield Guild Games, Infinity Ventures Crypto, Lemniscap, AppWorks, AnySwap, QCP Capital, Morningstar Ventures, Looksrare.vc, PANONY, CatcherVC, and Chainlink Labs Engineering VP Ben Chan, Linear Finance co-founder Kevin Tai, Dragonfly Capital investment partner Tom Schmidt, Perpetual Protocol CEO Tempo, and others.
According to the project's official website, XY Finance is a decentralized cross-chain exchange and liquidity provider aggregator that aims to offer efficient cross-chain exchange services to users at optimal prices. XY Finance has two components: X Swap provides cross-chain transfer and exchange services for users, and Y Pool (coming soon) offers liquidity. According to DefiLlama data, its current TVL is only $3.14 million.
XY Finance currently supports the Linea mainnet.
Owlto Finance
Owlto Finance is a decentralized cross-rollup bridge that provides a low-cost, secure, and fast asset transfer solution. The smart contracts are audited by security firm Beosin.
Owlto Finance supports asset transfers between networks such as Ethereum, Arbitrum, Arbitrum Nova, Optimism, StarkNet, zkSync, Polygon, allowing users to freely transfer assets between different networks. It currently supports MetaMask, Coinbase wallets, and OKX Web3 wallets.
It is worth mentioning that Owlto Finance stated in the official documentation that this Cross-Rollup bridge is different from other Cross-Rollup bridges based on secure Rollup technologies. Asset transfers are carried out between the EOA addresses of the "sender" and "liquidity provider" on the "source" and "target" networks, and the "sender" does not interact with smart contract addresses. This design reduces the risk because smart contract addresses can be vulnerable to attacks, while EOA addresses are typically more secure.
Owlto Finance's current partners include various mainstream trading platforms, as well as mainstream networks and well-known projects. In the future, in addition to the Layer 2 Cross-Rollup bridge, the Owlto team will also design and develop cross-token transfers and cross-address transfers to further enhance Owlto's application value in the cross-chain field.
Note: Due to multiple incidents of security breaches in cross-chain bridges, BlockBeats recommends users to primarily interact with official bridges or mainstream cross-chain bridges to reduce risks.
NFT
Zonic
Zonic is the first officially supported NFT marketplace on Linea. Zonic is a lightweight NFT marketplace that supports Linea, zkSync, Arbitrum (Nova), Polygon, and Optimism. Selling NFTs on Zonic is completely free, and the platform charges a 2.5% fee from the sale price after the sale is completed.
NFTs 2 Me
NFTs 2 Me is a free multi-chain platform where users can create, deploy, and manage their NFT collections and communities. It provides a user-friendly interface for creating NFT projects and uploading their digital assets and metadata to IPFS. The platform also offers optimized contract deployment on the blockchain with very low fees and advanced features such as different minting types (sequential, specified, random), minting using any ERC-20 or native coin, wallet-less and upgradable credit card payment contracts. It manages NFT collections and their communities through custom subdomains, minting widgets, permission lists, whitelists, airdrops, and token-gated content accessible only to holders. Some NFT projects have already been minted and gained attention through NFTs 2 Me.
Omnisea
Omnisea is a full-chain NFT Launchpad based on LayerZero and Axelar Network, where creators can issue cross-chain NFTs based on LayerZero. Additionally, the project has launched the token OSEA, and users can earn a portion of the platform's revenue as rewards by staking the token.
The official launch of Omnisea V2 has been released, and it has partnered with Zonic for NFT trading and transfers on Zonic.
Wallet
Fluvi Wallet
As for wallets, in addition to widely used ones like MetaMask, OKX Wallet, and BitKeep, it is worth mentioning a wallet called Fluvi Wallet. This wallet supports Google account login and 2FA authentication, which ensures security while reducing the barriers for non-encrypted users. In the Linea testnet activity, the Linea project intentionally arranged the installation task for Fluvi Wallet and provided it with preferential gas-free transactions, showing that the wallet is favored by the Linea project.
DeFi
Although it has been less than a day since the mainnet launch, as a Layer 2 network introduced by ConsenSys, Linea has attracted many DeFi projects to collaborate. According to its official website, there are currently 35 DeFi projects supported by Linea's ecosystem, as follows:
Aave, Sushiswap, Pancakeswap, AirSwap, Beefy, Bounce, Brian, CashmereLabs, CrossLightning, deBridge, dForce, EchoDEX, FWDX, GrideX Protocol, Horizon DEX, Immunefi, Ionic, iZUMi Finance, Kuma Protocol, Kyber Network, Ledgity, LineaBank, Mendi Finance, MES Protocol, OpenOcean, Orderly, Qi Dao Protocol, rhino.fi, RubyDex, Squid, Tifo.trade, Velocore Dex, WOOFi, ZKEX.com, zkUSD
It can be seen that most of the DeFi projects that support Linea mentioned above are old projects that everyone is familiar with, so I won't go into too much detail here. Below are some DeFi projects worth paying attention to (new projects and native projects on Linea) that will be launched on the Linea mainnet:
FWDX
FWDEX is a decentralized P2P swap platform that offers fixed price and zero slippage swaps, with the profits shared by users and token holders.
Kuma Protocol
Kuma is a DeFi protocol that issues interest-bearing tokens supported by traditional fixed-income products. Kuma is the result of the collaboration between two different organizations: Mimo Labs and the newly formed Kuma DAO. Mimo Capital AG tokenizes bonds using NFT technology, while the KUMA protocol is a decentralized entity managed by MIMO holders, which leverages these bond tokens and issues KUMA interest-bearing tokens: transforming smaller-denomination bonds into tokens supported by KUMA NFTs.
LineaBank
LineaBank is a lending protocol built on Linea, providing privacy and scalability. Users have full control of their assets and benefit from competitive rates through a decentralized marketplace that eliminates intermediaries.
Mendi Finance
Mendi Finance is a decentralized, non-custodial P2P lending protocol on Linea, similar to Aave and Compound, designed to provide higher liquidity for the Linea network, or become the main lending platform on the future Linea mainnet.
Velocore Dex
Velocore is a Solidity fork of Velodrome code and a DEX with high TVL on zkSync Era.
WOOFi
WOOFi is a DEX launched by WOO Network. WOOFi utilizes a new on-chain automated market maker (AMM) algorithm called sPMM. This algorithm is designed for professional market makers and provides on-chain liquidity by better simulating the price, spread, and depth of centralized exchange order books. It offers the best quotes and reduces slippage. Moreover, compared to traditional AMM-based DEXs like Uniswap V2, this mechanism significantly lowers fees. It was previously launched on the BSC chain.
zkUSD
zkUSD is the next-generation DeFi platform that combines collateralized stablecoin and zero-knowledge proof (zkSNARKs) technology. It aims to enhance privacy, stability, and cross-chain interoperability in trading.
EchoDEX
EchoDEX is the first DEX on the Linea network. Its highlights include low transaction fees, liquidity aggregation, user-friendly interface, and high security. Users can also participate in token swapping, mining, token staking, and earn token ECP rewards on this platform. Additionally, users were able to claim Linea testnet tokens through this DEX.
Social
IDriss
IDriss is a Web3 social application plugin. By installing this plugin, users can send and receive transfer transactions on Twitter with other users who have installed the same plugin. After sending the transaction request, the user needs to confirm the transfer on the plugin wallet (such as MetaMask). Currently, this plugin supports Linea Mainnet, Ethereum, Polygon, BNB Chain, and zkSync Era networks.
Atticc
Atticc is a Web3 social platform similar to Lenster. In addition to the regular social functions, users can also use this platform for rewarding transfers, NFT minting, and NFT trading. The platform has issued an early bird NFT, Atticc Early Adopter Pass, on the Ethereum mainnet. Users can stake this NFT on the platform to obtain platform tokens ATT.
Linea Name Service
Linea third-party domain project has been launched on the Linea mainnet. This project is initiated by the full-chain domain service provider Star Protocol. As of the time of writing, it only supports domain name registrations with a length of 10 to 20 characters.
