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Posted: 2025-04-29 16:30:34 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-04-29 16:30:54 UTC
Verified By
Rollup News
Linea's active addresses experienced a sharp decline due to community disappointment with perceived misleading tactics and unmet promises regarding a TGE, leading to a significant drop in both active addresses and transactions.
Sharp decline in active addresses from 800k+ in July 2024 to 50k+ in October 2024.
Temporary recovery to 290k+ in February 2025 followed by another drop to 30k.
Transactions decreased from 400k+ in February to 90k in April.
Community's frustration with shifting goalposts and unmet promises.
Loss of community trust due to perceived misleading tactics.
Failure to meet promised timelines, specifically regarding the TGE.
Lack of clear communication and decisive action.
Inability to fulfill promises that initially attracted hype.