MetaMask Rewards: Big Opportunities for Users 

As Ethereum’s most widely used wallet, MetaMask is rolling out a rewards program for its active users. The first season will distribute $30 million worth of tokens, with LINEA tokens at the center. Ethereum co-founder Joseph Lubin confirmed that rewards will be allocated based on on-chain activity, with long-term users receiving the largest share. 

Lubin addressed social media speculation, clarifying that earlier prototype concepts were not live but emphasizing that the vision is real. The program represents a concrete step toward incentivizing MetaMask’s global user base and deepening the role of tokenized projects in the Consensys ecosystem. 

LINEA Token and User Benefits 

LINEA is the native token of Consensys’ Ethereum Layer-2 network. The MetaMask Rewards program will distribute LINEA tokens to encourage user participation and on-chain activity. Users can earn additional rewards through staking opportunities. 

• Rewards can be earned via: 
• Inviting new users to MetaMask 
• On-chain activities and transaction history 
• Partner projects and ecosystem collaborations 

Long-term users with significant wallet history and on-chain activity will receive the lion’s share of Season 1 rewards. Lubin also confirmed that future incentives will be available with the upcoming MetaMask token (MASK) launch. 

A New Era for Web3 Wallets 

The MetaMask rewards program transforms Web3 wallets from simple storage tools into active gateways for DeFi, staking, and tokenized economies. With over 30 million monthly active users, MetaMask will play a central role in the Ethereum ecosystem. This includes rewards and potential token distribution. 

Lubin highlighted that Consensys is building token-powered economies, starting with LINEA, expanding through MetaMask, and eventually through DIN. Positive-sum relationships between users and developers will continue to grow, with new features rolling out rapidly in October, November, December, and throughout 2026. 

MetaMask Rewards, through LINEA token distribution, integrates users into the broader crypto ecosystem, encouraging more active participation. LINEA and MASK tokens provide a new dimension to user experience, marking a significant milestone in the evolution of Web3 wallets. 

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According to the latest data from CryptoRank.io, several notable token unlocks will take place during the week of October 6–12, including Aptos (APT), Linea (LINEA), Jito (JTO), Avantis (AVNT), Home (HOME), Holo (HOT), and Babylon (BABY).

As the locked tokens in these projects are released, more than $142 million worth of tokens will enter circulation, potentially influencing market dynamics in the coming days.

Aptos (APT) – $61.41 Million in Tokens Unlocking

• Unlock Date: October 12
• Amount: 11.31 million APT (0.96% of total supply)
• Market Cap: $6.41 billion

Aptos will host the week’s largest token unlock event. The release of $61 million worth of tokens may create short-term selling pressure. However, analysts suggest that increasing developer activity within the Aptos ecosystem could help mitigate this effect.

Linea (LINEA) – $27.28 Million

• Unlock Date: October 10
• Amount: 1.02 million LINEA (1.42% of total supply)
• Market Cap: $1.93 billion

Ethereum Layer-2 network Linea stands out with a $27 million token unlock. Recent DeFi integrations and zkEVM-based scaling solutions have kept investor interest high.

Jito Labs (JTO) – $17.97 Million

• Unlock Date: October 7
• Amount: 11.31 million JTO (1.13% of total supply)
• Market Cap: $1.59 billion

Jito Labs, a key project in the Solana ecosystem, has gained attention recently due to growth in its staking infrastructure. The $17 million token release may lead to short-term volatility.

Avantis (AVNT) – $13.71 Million

• Unlock Date: October 10
• Amount: 2.22 million AVNT (1.22% of total supply)
• Market Cap: $1.12 billion

DeFi-focused Avantis is preparing for a $13 million token unlock as part of its goal to expand its token economy. Analysts believe AVNT could attract further liquidity in the long term.

Home (HOME) – $9.83 Million

• Unlock Date: October 10
• Amount: 331.09 million HOME (3.19% of total supply)
• Market Cap: $297 million

HOME’s unlock represents a significant portion of its token supply. While this may create short-term price pressure, the project team expects the impact to be limited through new DeFi partnerships.

Holo (HOT) – $7.64 Million

• Unlock Date: October 11
• Amount: 31.47 million HOT (1.68% of total supply)
• Market Cap: $450 million

Holo, known for its Web3 infrastructure solutions, views this unlock as part of an ecosystem renewal process.

Babylon (BABY) – $6.24 Million

• Unlock Date: October 10
• Amount: 121.6 million BABY (1.68% of total supply)
• Market Cap: $534 million

The final major unlock of the week will occur in Babylon, a Bitcoin staking-based project. The $6.24 million release covers tokens reserved for early investors and the development team.

Overall Assessment

The seven major token unlocks scheduled for the second week of October represent a potential market impact exceeding $142 million. Such events are particularly noteworthy during periods when the market is seeking direction.

Analysts note that these unlocks can directly affect not only the prices of the respective tokens but also overall market liquidity. In projects with high market capitalization, such as Aptos (APT), Linea (LINEA), and Jito (JTO), the influx of newly unlocked tokens may lead to short-term price fluctuations and selling pressure.

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PEPE and LINEA Transactions

A notable whale in recent transactions spent 262.84 ETH (approximately $1.07 million) to purchase 561,923 EIGEN at $1.90 each. The same whale also added 4.26 million LINEA tokens to their portfolio for 30 ETH (around $121,000).

The current portfolio distribution is as follows:

• 34 trillion PEPE ($12.31 million)
• 73 million ENA ($11.29 million)
• 26,500 AAVE ($7.08 million)
• 685,980 PENDLE ($3.14 million)
• 78 million LINEA ($1.41 million)

Experts note that such large purchases can trigger price fluctuations in the altcoin market and cause sudden spikes in low-liquidity tokens. These moves also reflect the whale’s portfolio diversification strategy and long-term investment plans.

BTC Transfer by the Royal Government of Bhutan

Another major transfer was carried out by the Royal Government of Bhutan. The institution moved 2,011.23 BTC (approximately $229.69 million) to new wallets. Analysts indicate that such massive transactions are usually conducted for exchange deposits or liquidity management purposes. This move could increase short-term volatility in the Bitcoin market and attract investor attention.

SOL and ASTER Whale Movements

• Whale “CMJi” deposited assets worth 250,000 SOL (approximately $51.89 million) to major centralized exchanges such as Gate, Bybit, OKX, and Binance over the past two days. Such transactions can create short-term price pressure in the SOL market and particularly influence investor price expectations.

• Whale 0x9137 used 34 million USDT to purchase 1.76 million ASTER tokens at $1.93 each. The same amount of ASTER was then added along with 3.43 million USDT to a liquidity pool. These transactions strengthen liquidity in the ASTER ecosystem, increase the token’s trading volume, and contribute to market depth.

• Five months ago, whale 0xE37F sold 1,857 ETH at $2,251 each. Approximately 50 minutes ago, the same whale purchased 1,501 ETH at $4,114 each. This transaction is considered an important indicator for Ethereum’s price trend and whale behavior. Large purchases are generally perceived as a signal of market confidence and can encourage other investors to take positions.

Market Commentary

The recent surge in whale activity indicates increased liquidity and volatility in the crypto market. Large investors can influence the market by diversifying their portfolios and managing liquidity. Significant transactions in tokens such as PEPE, LINEA, ASTER, and ETH can trigger short-term price movements while also shaping investor confidence in the long term.

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What Is Linea?

Linea enhances Ethereum’s scalability by increasing transaction speed and reducing costs, delivering a more accessible experience within the Web3 ecosystem. It leverages zero-knowledge proofs (ZKPs) based on Lattice-Based Cryptography to verify transaction accuracy without revealing their details. These proofs are submitted to the Ethereum mainnet, ensuring all transactions are securely recorded in Ethereum’s ledger while significantly lowering costs. Linea not only strengthens Ethereum’s value but also supports its developer ecosystem and contributes to its long-term economic model.

Linea Ecosystem

Project is built to support a versatile ecosystem applicable across various sectors, including bridging, NFTs, centralized exchanges (CEX), wallets, infrastructure, DeFi, launchpads, data services, development tools, and entertainment.

Bridging

• Stargate: A liquidity transfer protocol built on Layer Zero, Stargate enables users to move assets securely and quickly across networks.

• Orbiter Finance: A Layer 2 cross-rollup bridge, Orbiter Finance allows fast and low-cost transfers of Ethereum and other cryptocurrencies to networks like dYdX, Optimism, and Arbitrum.

Ethereum Name Service (ENS) Integration

Project is the first zero-knowledge Layer 2 network to implement the Ethereum Name Service (ENS) EIP-3668 standard in production. EIP-3668 introduces the CCIP Read function, enabling ENS to operate trustlessly on Layer 2 networks like this project. ENS names on project follow the name.linea.eth format, allowing users to replace complex hexadecimal addresses with human-readable names, simplifying transactions. These names are issued as NFTs to the associated account.

ENS Registration Requirements

• Proof of Humanity (PoH): Accounts must pass Proof of Humanity to register a linea.eth name.

• Sufficient ETH: Enough ETH must be available on the platform to cover transaction fees.

• Single Name Rule: Each account can register only one linea.eth name.

• Registration Period: The default registration period is three years and cannot be modified.

What Sets Linea Apart?

Project enhances Ethereum’s scalability through zero-knowledge (ZK) rollup technology. Rollups process transactions on Layer 2 and batch them to the Ethereum mainnet, significantly reducing gas fees. Project’s full EVM equivalence distinguishes it from other Layer 2 networks, enabling developers to use familiar Ethereum tools (e.g., MetaMask, Hardhat, Truffle, Foundry) without code modifications, making dApp migration and development straightforward.

Project’s ZK rollups use validity proofs to verify transactions, eliminating the seven-day challenge period required by Optimistic Rollups and providing instant finality. Additionally, Project’s Lattice-Based Cryptography offers resilience against quantum computing attacks, enhancing long-term security.

Project’s Features

• Full EVM Equivalence: Developers can deploy Ethereum dApps on project without code changes.

• Low Fees and High Speed: ZK-rollup technology enables fast, cost-efficient transactions.

• Security: Maintains Ethereum’s security while adding zero-knowledge proof safeguards.

• Developer-Friendly: Integrations with tools like MetaMask and Infura streamline development.

• Economic Alignment: ETH and LINEA token burns from Layer 2 fees support Ethereum’s value and ecosystem growth.

LINEA Tokenomics

The LINEA token is an economic coordination tool designed to incentivize real usage, support aligned applications and developers, and fund Ethereum’s long-term development. Token distribution is as follows:

• Ecosystem: 85%

• Consensys Treasury: 15%

• Early Contributors: 10%

On project, ETH is used as gas, and both ETH and LINEA tokens are burned from Layer 2 fees, increasing Ethereum’s value and supporting token scarcity.

Linea’s Partners

Project collaborates with leading projects such as MetaMask, Aave, 1inch, Chainlink, Circle, ENS, Etherex, Fireblocks, Lido, Mastercard, Sharplink, and Consensys. These partnerships enable project to build a robust ecosystem across DeFi, NFTs, payment systems, and tokenization.

Linea Team

Developed by Consensys, project is led by an experienced team:

• Joseph Lubin – Founder and CEO

• Rob Dawson – Chief Technology Officer (CTO)

• Chris McKibbin – Chief Operating Officer (COO)

• Simon Morris – Chief Strategy Officer

• Cole D’Ambrosio – Chief Financial Officer (CFO)

• Mark D. Young – Chief Revenue Officer and Data Advisor

Project aims to shape the future of Web3 by enhancing Ethereum’s scalability. Combining developer ease, low costs for users, and Ethereum’s security, project plays a pivotal role in the widespread adoption of decentralized applications.

Official Links

• Website
• X (Twitter)
• Whitepaper

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The product executes transactions using smart contracts on the Linea network, a layer-2 solution built on Ethereum, with a processing speed of under five seconds.

A New Alternative to Centralized Exchanges

The card enters a competitive field dominated by centralized exchanges such as Binance, Bybit, Coinbase, and Crypto.com, which already offer crypto debit cards. However, MetaMask emphasizes the self-custody model, positioning its card as a safer option following high-profile breaches.

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Notably, Bybit was hacked for $1.4 billion in February 2025, a breach that sparked renewed scrutiny of centralized platforms’ security.

Card Uses Smart Contracts for Real-World Spending

Crypto payments have become one of the fastest-growing applications of digital assets in 2025. High-end brands like Dorsia have started accepting crypto, and apps like Signal are reportedly exploring Bitcoin payments between users.

In New York, a proposed bill could soon legalize the use of cryptocurrencies for state-level payments, indicating growing institutional adoption of BTC and stablecoins.

Though MetaMask has faced waning interest — with just $289,312 in fee revenue reported for the week of April 14 — the launch of its new card could reignite user engagement.

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According to the statement, Linea, which has partnered with global digital platform Status, has acquired its first contributor with the launch of the Status Network. Status developers aim to manage a version of Linea running in parallel, interacting directly with Linea’s codebase. This contribution will strengthen the Linea ecosystem and contribute to the creation of a more robust structure.

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This partnership is considered a significant milestone in Linea’s longer-term decentralization roadmap. Nicolas Liochon, Linea’s global leader, stated that this collaboration is a natural fit and that they are focusing on Linea’s open source stack. He emphasized that this collaboration with Status is of great importance to Linea due to its contributions to Ethereum operations and the strong user-centric impact it has created through the Status application.

Status Network will contribute to Linea’s ongoing engineering work, conducting research, and supporting client and validator diversity. Status’s core contributor Cyprien Grau stated that they have a shared vision with Linea to further decentralize the Ethereum blockchain and believe that zk technology is the ultimate solution for scaling Ethereum horizontally.

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Hack and Immediate Response

After the hacker succeeded in compromising Linea-based decentralized exchange Velocore, Linea said in an X post on June 2 that more than $2.6 million in Ether (ETH) was transferred off Consensys-launched Linea.

Since then, Linea has restarted block creation; however, Gluchowski pointed out that the team’s choice to stop the zkEVM blockchain highlighted the necessity of decentralization on the Ethereum level.

“It is not optional to decentralize the sequencer. Every major L2 stack must compete to accomplish first,” said Gluchowski, whose company rivals one of Linea’s competitors in zkSync.

Importance of Decentralization

Declan Fox, the product lead for Linea, said that while decentralization is not an option, the network is on a “solid path” to decentralize in a considerably shorter time span than many of its rivals.

“Considering many Rollup systems more than two years older than us are no further ahead, I’m rather happy with our pace.” Aiming to raise the whole value locked on Linea to $3 billion, Linea unveiled in April its “The Linea Voyage: Surge” campaign. L2BEAT estimates that the blockchain locks just over $1.2 billion now.

One observer, however, attacked the company for aiming such a target in view of the recent incident.

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According to the Linea crew, its only choice was to stop its sequencer to prevent more money from getting out.

“This was the last resort action to defend users on Linea.” Linea claimed Hexagate informed her of the attack, which enabled her to track weak smart contracts, stolen user money, and exploiter addresses. Since it was the “middle of the night” in their timezone, Linea stated they couldn’t immediately get Velocore in touch.

“Like other L2s, we are still in the ‘training wheels’ phase of existence, thus we have protections to use.”

Using a third-party bridge, the hacker transferred 700 Ether — valued at more than $2.6 million — from Linea-based DEX Velocore off Linea. Between blocks 5081800 and 5081801, the sequencer stopped.

The company underlined its goal of future decentralizing Linea’s network, including its sequencer, which would let the company avoid stopping block creation and censoring addresses.

Velocore claimed, meantime, that it is collaborating with outside networks engaged to pay affected individuals.

Future Steps of Linea and Ongoing Challenges

Linea underlined that its network still is safe and secure.

Launching Linea in August 2023, Consensys brought on over 50 partners and bridged around $26 million in Ether at the time.

Base is one of the almost all Ethereum layer-2 solutions still centralized. L2BEAT data shows that Coinbase is the only sequencer of Base right now. The company has also declared its aim to gradually distribute Base over time, though.

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SolvBTC, the protocol’s native asset, has attracted over 12,000 BTC across Arbitrum, BNB Chain, and Merlin Chain. Solv further announced a partnership with Babylon Chain on Twitter. The protocol stated that it will connect to more Bitcoin revenue streams, such as Babylon’s restaking revenue.

The protocol also supports SolvBTC bridges for networks like ZkSync and Linea, which have recently attracted significant investments and are being pursued by airdrop hunters.

SolvBTC, which tracks the price of Bitcoin, had previously garnered attention due to a user holding 158,000 tokens.

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In a statement released on their official website on May 5th, OKX revealed that ZERO will be available for spot trading on May 6th at 11:00 AM UTC with the ZERO/USDT trading pair.

Deposits for ZERO are already open, and withdrawals will commence on May 7th at 1:00 PM UTC, OKX added.

With a total supply of 100 billion, ZERO is currently not trading on any exchange. The listing on OKX is expected to mark the official debut of the cryptocurrency on the market.

However, OKX issued a risk warning, emphasizing that some data is obtained from third-party sources and not from their own.

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