- Linea postpones TGE until market conditions improve with a focus on decentralization.
- Declan Fox leads Linea with plans for strategic growth and a stronger community focus.
- Linea’s total value locked in DeFi remains at $124.5 million despite market challenges.
Linea, an Ethereum Layer-2 scaling solution developed by ConsenSys, has confirmed that its Token Generation Event (TGE), initially set for Q1 2025, has been postponed. In an X post, Product Manager Declan Fox confirmed the news, citing that the TGE will not be conducted until the market condition turns bullish. With Q1 now ruled out, Linea holders must wait for a favourable environment, as timing plays a pivotal role in the cryptocurrency sector.
Community Frustration and Calls for Direct Action
The delay has sparked growing frustration within the community. Many community members have criticized the project’s lack of transparent communication. Further, some have proposed that Joseph Lubin, the CEO of ConsenSys, address the situation and push for a quicker TGE.
With little information available to the public, it has fueled community dissatisfaction. One community member remarked, “Consider off-chain activity: Members who support and participate in unifying or educating the Linea community on Discord and X.”
Declan Fox Takes on New Role as Head of Linea
On April 7, 2025, Declan Fox became the Head of Linea at ConsenSys. Earlier, Fox took charge as the product lead and shared his experiences collaborating with top engineers and cryptographers to help build the zkEVM stack.
This technology powers the Linea Mainnet as an Ethereum-equivalent rollup based on ZK technology. Fox’s change in role symbolizes the increased focus on growth, strategy, and ecosystem for Linea, particularly for the forthcoming decentralization of sequencers and governance mechanisms. Major protocol upgrades to enhance scalability and finality are expected in late 2025.
Linea’s Performance in DeFi: TVL and Metrics
According to on-chain stats available at DeFiLlama, Linea is currently boasting a Total Value Locked, or TVL, of $124.5 million. It also has big numbers in other metrics, a stablecoin market cap of $24.16 million, chain fees of $8,348, and application revenue totaling $20,842 in the last 24 hours. Furthermore, the DEX volume is at $19.68 million, the Bridged TVL reached $282.73 million.
Source: DeFiLlama
With a surge in mid-2024, the TVL quickly dipped in early 2025. These figures reflect Linea’s growth in the decentralized finance (DeFi) space, alongside the challenges it faces as it waits for optimal market conditions to launch its TGE.
Related: Linear Finance Announces Shutdown Amid Token Price Decline
Focus on Decentralization and Future Developments
Initiated from April 2025, Linea has been under the Alpha phase, where the teams are working towards achieving better scalability and user experience improvements. Measures such as withdrawal delays between Layer 2 and Ethereum Layer 1 have been introduced to secure transactions and protect investment.
In the future, Linea’s roadmap is envisioned with phases that aim to push for further decentralization, which include decentralizing sequencers and governance mechanisms. The TGE will kick off upon successful fulfillment of these milestones. However, with no time limit, the community is left to speculate.
