Status Launches Gasless Layer 2 on Linea with Community Revenue Mechanism

by Giorgi Kostiuk

a year ago

Status Network has introduced the world's first gasless Layer 2 operating on testnet, marking a significant step towards Ethereum's sustainability and scalability.

Launch of Status L2 and New Revenue Model

Status (SNT) has announced the launch of the world's first gasless Layer 2 on testnet, built on Consensys' Linea stack. This new approach is based on eliminating transaction costs while funding developers through asset yield, allowing communities to use applications without needing to preload gas. The focus on revenue from yield-bearing assets and app activity replaces traditional fees.

We designed Status Network so developers can ship games and DeFi protocols without forcing users to preload gas.Cyprien Grau

Economics of Supporting Developers and Users

The Status Network aims to provide developers and users with a seamless experience without gas fees, creating a sustainable economy. Revenues will be generated through yield-bearing assets and app fees, which is expected to increase user numbers and overall network efficiency.

Achievements and Future of Status Network

The public testnet version 1 of Status Network is now live with fully gasless transactions. Testnet version 2 is expected to launch in October 2025, with the mainnet targeted for Q1 2026. The network will continue its efforts to support open-source protocols on Ethereum.

We're proud to see Status Network launch the first gasless Layer 2 powered by the Linea zkEVM technology stack.Declan Fox

The launch of Status L2 marks a new phase in Ethereum's scalability, opening opportunities for developers and users through gasless transactions and a new approach to revenue models.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

XRP Ledger Validators Advance Maintenance Amendment Amid Challenges for Lending Features

XRP Ledger validators have advanced the fixCleanup340 amendment, clearing the 80% support threshold for activation, while lending features face governance challenges.

Zainab Kamara7 minutes ago

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.

Son Min-ho23 minutes ago

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.

Ayman Ben Youssef38 minutes ago

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.

Tando Nkubean hour ago

Qubic Network Halts Operations Following Major Security Breach

Qubic has halted its network operations after a significant security breach, where attackers exploited weakly generated wallet credentials to steal approximately 14 million in cryptocurrency from over 1,400 accounts.