Recent events in the cryptocurrency world include the completion of Linea's token TGE with an airdrop, OpenSea's plans for launching the SEA token, and a significant growth in Solana's market capitalization.
Completion of Linea's Token TGE and Airdrop
On September 10, Ethereum Layer 2 project Linea officially completed its token TGE and released details of the airdrop claim process. Eligibility is primarily based on users’ participation in LXP and LXP-L campaigns, with the claim window running from September 10 to December 9, 2025. All airdropped tokens will be fully unlocked upon claiming, with no vesting period required. In terms of allocation, 85% of the supply will go to the ecosystem, including 10% for early users and builders, while the remaining 75% will be allocated to the ecosystem fund.
Linea’s TGE, featuring a no-vesting airdrop and a large ecosystem fund allocation, signals the project’s focus on long-term ecosystem growth rather than short-term price speculation.
OpenSea's Plans for SEA Token Launch
The OpenSea Foundation announced that it will release detailed plans for the SEA token TGE in early October. Starting September 15, the platform will set up a prize pool funded by a portion of trading fees. Specifically, NFT transactions will carry a 1% fee, and token transactions a 0.85% fee, with 50% of revenues from both directed into the prize pool. Once the SEA token TGE is finalized, the prize pool will be integrated into the SEA reward mechanism.
OpenSea’s plan essentially represents a “rebate-style token model.” By allocating half of trading fees to the prize pool, the platform enhances user reward expectations while boosting transaction activity before and after the TGE.
Solana's Market Capitalization Growth
On September 11, it was reported that Solana's market capitalization reached approximately $121.24 billion, surpassing MercadoLibre and rising to 185th place among global assets by market cap. This rapid rise in market capitalization represents a symbolic milestone, showing how crypto assets are increasingly benchmarked against traditional financial institutions. While overtaking a major public company like MercadoLibre is largely symbolic, the real significance lies in the signal to markets: crypto assets have firmly established themselves as an asset class that cannot be ignored.
Thus, the developments surrounding Linea’s TGE and OpenSea’s plans, along with Solana’s market cap growth, indicate the ongoing evolution and increasing interest in the cryptocurrency market.
