La paradoja post-viaje: un mercado en violento

Datos del evento de generación de tokens de Linea (LINEA) que muestran un 9% de airdrop y un 1% de distribución Binance HODLer en septiembre de 2025.

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El Lente Macro: El Giro "Post-L2" de Vitalik

El Foso Institucional: SWIFT y el Cambio de Liquidación

Imperativos técnicos: Mitigar riesgos de la pila

El Motor Económico: La Doble Quema

La paradoja de la valoración y el veredicto

Calendario de adquisición de tokens Linea (LINEA) que muestra el Tesoro de Consensys bloqueado por más de 1600 días y la asignación del Consorcio.

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Ethereum

Linea (Pre-Market)

ZKsync

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Linea ha pasado de ser una testnet de gran expectación a un activo en dificultades valorado por su irrelevancia. Pero el mercado puede estar perdiendo la señal por el ruido. Este informe analiza el giro de Linea en el primer trimestre de 2026: un cambio radical de la "agricultura de compromiso" minorista a convertirse en el carril de liquidación para SWIFT y custodios globales. Desglosamos la economía del "Dual Burn" y el cambio a Type 1 zkEVM para ver si esta apuesta asimétrica tiene sentido.

ConsenSys

BNP Paribas Private Equity

BNY Mellon

¿Se está posicionando Linea (LINEA) como la capa de liquidación institucional primaria para 2026?

United States of America

Goldman Sachs is a multinational financial services firm providing securities, investment banking, and management services.

Goldman Sachs

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HSBC Bank

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J.P. Morgan

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Citi

DTCC

Lloyds Banking Group

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Nomura

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Ribbit Capital

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Durable Capital Partners

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Altimeter Capital

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9Yards Capital

SVB Capital is the investment platform of SVB Financial Group.

SVB Capital

Sequoia Heritage

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Andreessen Horowitz (a16z)

Initialized Capital

Notation Capital is a pre-seed venture capital firm that work with technical founding teams.

Notation Capital

Graticule Asset Management Asia provides asset management, investment strategy and advisory services

Graticule Asset Management Asia

PayPal Ventures invests in companies at the forefront of innovation in fintech, payments, commerce enablement, artificial intelligence, blockchain and cryptocurrency, and regulatory and cyber technology.

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DRW Venture Capital

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Fidelity

LeadBlock Partners

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Stripes

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General Atlantic

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Fin is an asset management firm investing full lifecycle in FinTech and adjacent verticals in principally B2B enterprise SaaS companies.

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Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia

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Alameda Research is a quantitative cryptocurrency trading firm that provides liquidity in cryptocurrency and digital assets markets.

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NGC Ventures is one of the largest institutional investors of blockchain technologies, and has been a key contributor to a number of leading projects.

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Electric Capital

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ParaFi Capital

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Dragonfly Capital

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The Spartan Group

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Microsoft

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SK telecom

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BNY Mellon

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