LINEA Unveils Deflationary Gas Burn: 20% of Fees Burn ETH, 80% Converted to LINEA for Burning on Ethereum Mainnet

COINOTAG News reported on November 5 that Linea has activated its token burn mechanism. In a post on X, the project said that gas fees generated by on-chain transactions will feed a deflationary model by burning both ETH and LINEA tokens. ETH will remain the settlement currency, with all gas fees directed to a dedicated fee contract. After deducting infrastructure costs, the residual funds are allocated to burning: 20% directly as ETH and 80% converted to LINEA for burning on the Ethereum mainnet. The initiative tightens circulating supply and augments token scarcity, potentially influencing liquidity and velocity. Investors should follow Linea disclosures for burn tallies and cadence as the program proceeds.