BEAMSTART Logo

HomeNews

Status Launches World's First Gasless Layer 2 on Linea with 100% Community Yield Allocation

Alfred LeeAlfred Lee6h ago

Status Launches World's First Gasless Layer 2 on Linea with 100% Community Yield Allocation

In a groundbreaking move for the blockchain industry, Status (SNT), a pioneer in decentralized communication since 2017, has unveiled the world's first gasless Layer 2 (L2) solution on Linea, a leading Ethereum scaling network developed by Consensys. Announced on July 9, 2025, from Zug, Switzerland, this innovative testnet launch aims to revolutionize rollup economics by eliminating traditional sequencer fees.

The new Status L2 replaces these fees with native yield and native app revenues, creating a friction-free onboarding experience for a wide range of applications. This includes games, social apps, and DeFi platforms, which can now operate without the burden of gas costs, making blockchain technology more accessible to users worldwide.

One of the standout features of this launch is the 100% community yield allocation mechanism. This ensures that all generated yields are distributed back to the community, fostering a truly decentralized and user-centric ecosystem. This approach is designed to empower developers and users alike, aligning incentives across the network.

By building on Linea, Status leverages the scalability and security of Ethereum while introducing a gasless model that could set a new standard for Layer 2 solutions. This innovation addresses one of the most significant barriers to blockchain adoption—transaction costs—potentially paving the way for mass adoption of decentralized applications.

The testnet phase allows developers and early adopters to explore the capabilities of this gasless L2, providing valuable feedback before a full mainnet rollout. Status invites the blockchain community to participate in testing and shaping the future of this transformative technology.

As the industry watches closely, Status's latest development could redefine how rollups operate, making decentralized systems more sustainable and inclusive. Stay tuned for updates as this project progresses from testnet to broader implementation.

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.