See every side of every news story
Published loading...Updated

Status Unveils Gasless Layer 2 Feature on Linea, Ditches Sequencer Fees Entirely

ZUG, SWITZERLAND, JUL 9 – Status Network eliminates sequencer fees by funding builders and liquidity providers through yield from bridged assets and app fees, enabling free transactions and scalable onboarding.

  • On July 9th, 2025, Status Network launched the world's first natively gasless Layer 2 testnet built on Consensys' Linea zkEVM stack in Zug, Switzerland.
  • The launch was approved through a decision-making process involving SNT token holders and introduces a new revenue approach that replaces sequencer fees with income generated from native yield and application fees.
  • Status Network enables seamless user access to gaming, social, and decentralized finance applications with entirely gas-free transactions, while supporting developers through funding opportunities and providing liquidity providers with sustainable returns.
  • Declan Fox expressed pride in Status Network’s debut of a pioneering gas-free Layer 2 solution built using ConsenSys’ Linea zkEVM platform, marking a significant achievement for Ethereum.
  • Testnet version 2, introducing RLN-based mechanisms to prevent spam and integrated yield distribution, is scheduled for release in October 2025, with the mainnet launch planned for the first quarter of 2026 to maintain incentives aligned with the community.
Insights by Ground AI
Does this summary seem wrong?

13 Articles

All
Left
1
Center
1
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Block Telegraph broke the news in on Wednesday, July 9, 2025.
Sources are mostly out of (0)

Similar News Topics