This week, the cryptocurrency market kept its participants engaged with several significant events, including the launch of a new token and the expansion of popular platforms.
Launch of Linea Token
The Ethereum Layer 2 project, Linea, revealed the details of its native token, LINEA. This token will not function as a gas or governance asset but will coexist with ETH. LINEA features a burn system aimed at reducing both its and ETH's supplies. Only about one-fifth of the total 72 billion tokens will enter the market at launch, while most will be held in an ecosystem fund overseen by a consortium of major Web3 players.
MetaMask Expands функциональность
MetaMask has added a new feature, "Stablecoin Earn," allowing users to earn interest on assets like USDT and USDC through Aave. Withdrawals can be made at any time.
NFT Activity Highlights
In the NFT space, CryptoPunks recorded their strongest trading week in over a year, with floor prices and volumes sharply increasing after GameSquare purchased a rare "Ape Punk" at three times the going rate. In parallel, Pudgy Penguins and the Abstract team have started counseling U.S. policymakers on crypto regulation.
The cryptocurrency market exhibits activity with the launch of new tokens and the expansion of existing platform functionalities. These changes may significantly impact the market moving forward.
