📍Linea or TGE – where is the valuation compared to L2 competitors? 📌 Currently, @LineaBuild has an FDV of about $1.7B, MC ~$370M, while the DeFi TVL has climbed to over $1.2B just weeks after the incentive explosion. - If we take the FDV/TVL multiple ≈ 1.4x, Linea is on par with Optimism (also ~1.4x) and even slightly cheaper than Arbitrum (≈1.55x). - Looking at MC/TVL (~0.31x), Linea is even more attractive, as the circulating token supply is still low compared to the total supply. 📌 In terms of on-chain DAU, Linea peaked at ~280k DAU in the first half of 2025, currently maintaining a significantly higher base compared to 2024. -> Not too far behind Arbitrum (~309k DAU), proving that the user flow is not solely driven by short-term incentives. 📌 Compared to zkSync, which has an FDV of over $1.2B but a very thin DeFi TVL, resulting in an unusually high FDV/TVL multiple. -> Meanwhile, Linea has at least proven to have better capital efficiency: Each $1 FDV pulls in more $...
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