Пост-Вояж Парадокс: Рынок в Насилии

Данные события генерации токенов Linea (LINEA), показывающие 9% airdrop и 1% распределение Binance HODLer в сентябре 2025.

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Макрообъектив: "Пост-L2" поворот Виталика

Институциональный ров: SWIFT и сдвиг в расчетах

Технические императивы: снижение рисков стека

Экономический двигатель: Двойное сжигание

Парадокс Оценки и Вердикт

График вестинга токенов Linea (LINEA), показывающий, что Consensys Treasury заблокирован на 1600+ дней и распределение Consortium.

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Ethereum

Linea (Pre-Market)

ZKsync

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Linea перешла от тестовой сети с высоким ажиотажем к проблемному активу, оцененному как незначительный. Но рынок может упускать сигнал из-за шума. Этот отчет анализирует поворот Linea в первом квартале 2026 года: радикальный переход от розничного "фермерства вовлеченности" к становлению расчетной сетью для SWIFT и глобальных кастодианов. Мы разбираем экономику "Двойного сжигания" и переход на Type 1 zkEVM, чтобы понять, оправдана ли эта асимметричная ставка.

ConsenSys

BNP Paribas Private Equity

BNY Mellon

Является ли Linea (LINEA) основной институциональной расчетной платформой для 2026 года?

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

BNY Mellon is an investment company that provides investment management, investment services, and wealth management services.

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HQLAx

Citi

DTCC

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Nomura

WisdomTreeÂ® is an innovative ETF sponsor, index developer, and asset manager that uses its own fundamentally weighted index methodology. WisdomTree also licenses its indexes to third parties for proprietary products, and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. Approximately $7.1 billion* in assets currently aremanaged by WisdomTree or are managed against WisdomTree Indexes by third parties under license from WisdomTree.

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Sumitomo Mitsui Banking Corporation

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Santander InnoVentures

Credit Suisse

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Temasek Holdings

Tradeweb

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Coinbase Ventures

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Wedbush Ventures

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ClearSky

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10X invests across the capital structure, alongside the world's top technology investors. We align Wall Street & Silicon Valley by bringing institutional capital to high growth ventures in private & public markets, helping founders & investors achieve scale & liquidity while retaining upside & control.

10X Capital

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UTXO Management

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Pioneers in digital asset investing. CoinShares manages $1B in assets on behalf of a global investor base.

CoinShares

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Digital Currency Group (DCG)

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Techstars

Point Nine Capital

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Ribbit Capital

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Time Ventures

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Altimeter Capital

9Yards Capital provides entrepreneurs with long-term, strategic capital and have a deep understanding of how governments and regulators operate. They take a focused approach to the industries they invest in and have a proven track record in financial services and logistics investing.

9Yards Capital

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SVB Capital

Sequoia Heritage

Andreessen Horowitz, often referred to as "a16z," is a prominent venture capital firm based in Menlo Park, California. It was founded in 2009 by Marc Andreessen and Ben Horowitz, both of whom are well-known figures in the tech industry. Andreessen Horowitz is one of the leading venture capital firms in Silicon Valley and has gained a reputation for its investments in technology companies, particularly in the areas of software, internet, and more recently, blockchain and cryptocurrency.

Andreessen Horowitz (a16z)

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DRW Venture Capital

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Robinhood

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CMT Digital

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China

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

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NGC Ventures

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SNZ Holding

Hong Kong

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

Alameda Research

Protocol Labs is a research, development, and deployment lab for network protocols.

Protocol Labs

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Liberty City Ventures

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Electric Capital

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ParaFi Capital

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Dragonfly Capital

The Spartan Group primarily focuses on investments in digital assets, cryptocurrencies, and blockchain-related projects. They actively manage a portfolio of various cryptocurrencies, including Bitcoin and Ethereum, as well as other tokens and blockchain assets.

The Spartan Group

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DeFiance Capital

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Animoca Brands

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			Стадия	Инвесторы
HQLAx	--	--	Series C	+3	--	Finance	Apr 18, 2024
Fnality International	$95.00 M	~$950.00 M	Series B	+13		Finance	Nov 14, 2023
Valkyrie	$11.15 M	~$111.50 M	Strategic Round	+5		Finance	Jun 8, 2022
Chainalysis	$170.00 M	$8.60 B	Series F	+4		Blockchain Service	May 12, 2022
Talos	$105.00 M	$1.25 B	Series B	+15	--	Finance	May 10, 2022
ConsenSys	$65.00 M	~$650.00 M	Formation Round	+10		Web 3.0	Apr 13, 2021
Coin Metrics	$35.00 M	~$350.00 M	Series C	+15		Blockchain Service	Apr 6, 2021
HQLAx	$17.50 M	~$175.00 M	Series B	+2	--	Finance	Jan 14, 2021
Fnality International	$50.00 M	~$500.00 M	Series A	+11		Finance	Jun 3, 2019

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