Consensys' Layer 2, Linea, Doubles TVL to Record $234M with ZeroLend Leading the Way

Linea, a Consensys-built Ethereum layer 2 that utilizes zero knowledge (zk) technology, has experienced a surge in total value locked (TVL) on its apps, which has almost doubled to $234 million in April, according to DefiLlama. ZeroLend has the majority of Linea's assets locked in decentralized finance (DeFi), with a TVL of $100 million on Linea and an additional $100+ million on four other chains. Renzo, the second-largest liquid restaking protocol after Ether.fi, has also contributed to Linea's growth, with a TVL of over $3 billion across seven chains, including $150 million on Linea. Linea's daily active addresses and daily transaction figures have surged to record levels at the beginning of April, with over 600,000 active addresses conducting over 4.6 million transactions.