Linea Network DeFi TVL Surpasses $1.2 Billion, Setting a New All-Time High

BlockBeats News, September 5th, according to DefiLlama data, Linea Network's DeFi TVL has surpassed $1.2 billion, currently standing at $1.214 billion, with a nearly 71.14% increase in the past week, hitting a new all-time high.

The network's current top three DeFi protocols by TVL are Aave ($723 million), Etherex ($266 million), and Renzo ($229 million) (some protocols may have overlapping calculations.)

In a previous announcement, Linea revealed the launch of the Ignition liquidity incentive program, distributing 1 billion LINEA tokens as rewards. Etherex, Aave, and Euler are designated partners for the event.