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Linea swap and bridge: campaigns and milestones

Originally published April 2024. From record bridge volumes to dApp growth, here's what Symbiosis pulled off on Linea through Q1 2024 — campaign numbers, the best ways to swap on Linea, and what came next.

Updates

Linea swap and bridge: campaigns and milestones

Numbers

Proven performance

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Supported Networks

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Supported Networks

years

On the Market

years

On the Market

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Average Bridge Time

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Average Bridge Time

incidents

Since Launch

incidents

Since Launch

TL;DR

Key takeaways

01

01

Symbiosis launched the Linea Bridge in July 2023, connecting the ZK-rollup L2 to cross-chain swaps in the WebApp.

02

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Monthly swaps on Linea grew from 4,328 in January 2024 to 11,011 in March 2024 at Symbiosis.

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Bridged and swapped volume on Linea jumped from about $2.5M in January to $9.6M in March 2024.

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Around 74% of Linea exchanges at Symbiosis were cross-chain, driving most of the bridged volume.

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Linea Surge runs up to six months from April, ending early if TVL hits $3B, with LXP-L token rewards.

5 minute reading

Updates

Why Linea stands out at Symbiosis

One of the things we, at Symbiosis, love the most is the continuous growth of the chains that we integrate and let Symbiotes interact with. Among almost 30 supported blockchains and protocols there are those that truly stand out at Symbiosis. There’s one of them that we are going to review in today’s Growth Review - Linea, an Ethereum Layer 2 network.

Linea takes a certain important place in the Symbiosis ecosystem. We’re going to delve into milestones that Linea achieved at Symbiosis during 2024, the occurring Linea Surge campaign and some recent updates it’s had at our protocol.

Evolution of Linea bridge at Symbiosis

First and foremost, let’s get a recap on what Linea is and how it powers Ethereum with its scalable solution.

What is Linea network? Everything you need to know


Linea is a Layer 2 blockchain network that leverages zero-knowledge (ZK) rollups to advance the performance and chain scalability of Ethereum simultaneously avoiding security or decentralization compromises. Therefore, Linea Network is fully compatible with the EVM (Ethereum Virtual Machine), which makes the blockchain a more powerful platform for developers and users to get the most and best of the DeFi and decentralization.

What facilitates the growth of Linea as a network and an ecosystem is the simplicity for users and the development capacities.

Low Cost and High Performance

Linea - being a Layer 2 network - utilizes zero knowledge proof concept to process transactions off the chain and bundle them into compressed proofs back to Ethereum. The network provides faster transaction speeds and lower fees compared to the Ethereum main network.

ZK Proofs

For those who are not familiar with this technology: Linea uses ZK-rollups - a variant of cryptographic proof that allows for data to be validated without revealing any underlying information, enhancing user privacy. In simple terms, the network proofs information without telling another component any kind of data. Just like the “Yes, it’s true, I know it for sure” principle.

Broad Range of Ecosystem Applications

Linea’s capacities empower a big variety of Dapps, from DeFi to non-fungible token platforms. With the scalable architecture of the network, the on- and cross-chain solutions can transform and build higher and better.

It was a matter of time, constant development and several trends for Linea to show the growth at Symbiosis. Let’s check the achievements

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Bridge ETH to Linea

Move ETH from Ethereum to Linea in one cross-chain swap.

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Bridge ETH to Linea

Move ETH from Ethereum to Linea in one cross-chain swap.

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Bridge ETH to Linea

Move ETH from Ethereum to Linea in one cross-chain swap.

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Bridge ETH to Linea

Move ETH from Ethereum to Linea in one cross-chain swap.

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Bridge ETH to LINEA in one swap

Non-custodial cross-chain swaps with no signup or identity checks.

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Bridge ETH to LINEA in one swap

Non-custodial cross-chain swaps with no signup or identity checks.

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Swap across chains, no KYC

Non-custodial cross-chain swaps with no signup or identity checks.

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Swap across chains, no KYC

Non-custodial cross-chain swaps with no signup or identity checks.

Nick Avramov

Board Member

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Updates

FAQs

Got questions?

Still have questions? Contact us and we’ll help you out.

01

What is Linea network?

Linea is an Ethereum Layer 2 network that uses zero-knowledge (ZK) rollups to scale Ethereum without compromising security or decentralization. It is fully EVM-compatible, so existing Ethereum tooling and dApps work on it.

02

How do I bridge to Linea on Symbiosis?

Use the Symbiosis WebApp, where Linea Bridge has been live since July 2023 and supports several asset pairs. The cross-chain protocol routes swaps to and from Linea in a single flow.

03

When did Symbiosis launch Linea Bridge?

Symbiosis launched Linea Bridge in July 2023. At the time of this article's publication in April 2024, it had been supported for almost a year, integrated into several exchanges and featured in an educational campaign in September 2023.

04

How fast has Linea volume grown on Symbiosis in 2024?

In Q1 2024, Linea swaps on Symbiosis grew from 4,328 in January to 11,011 in March. Processed asset volume on Linea rose from roughly $2.5 million in January to $9.6 million in March 2024.

05

Are most Linea swaps on Symbiosis cross-chain or on-chain?

About 74% of Linea exchanges on Symbiosis are cross-chain, meaning users actively bridge funds to and from Linea. The remaining share is on-chain swaps that stay inside Linea.

06

Why are fees lower on Linea than on Ethereum?

As a Layer 2, Linea processes transactions off-chain and bundles them into compressed ZK proofs posted back to Ethereum. This delivers faster transaction speeds and lower fees than the Ethereum main network.

07

What is Linea Surge and how long does it run?

Linea Surge is a long-term campaign to grow liquidity on the network, which launched in April 2024. It was set to run up to six months, ending earlier if Linea TVL reached $3 billion in a single epoch (volt).

08

How are Linea Surge LXP-L rewards calculated?

Rewards combine a Decay Function (starting at 1 and decreasing each epoch), Ecosystem points based on dApp activity and locked funds, plus Referral and Veteran points. LXP-L tokens are distributed to participants' wallets.

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