TLDR
- LINEA pre-market trades near $0.05, implying about $3.6B fully diluted value.
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Contracts live on Binance 5x, Bybit Alpha 10x, and Hyperliquid 3x leverage.
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FDV sits below Arbitrum near ~$5B and slightly above Optimism near ~$3B.
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ETH is the gas token on Linea while LINEA funds incentives and the ecosystem.
Linea’s token began pre-market trading across major venues, and early pricing implies a fully diluted value near $3.6 billion. Traders now have leveraged access before the official token generation event.
Linea Pre-market venues and pricing
Pre-market contracts are live on several exchanges, and they offer different leverage caps. Binance lists up to 5x, while Bybit Alpha lists up to 10x, and Hyperliquid offers 3x.
Binance market data shows LINEA around $0.052 after opening near $0.08. The price reflects a drop of about 34.64% from the open, and it places FDV near $3.6 billion at $0.05.
Binance Futures will launch the USDⓈ-M $LINEA perpetual contract pre-market trading at
🗓️September 1 2025, 08:30 (UTC)
Read more 👇 https://t.co/Mp1hhueGvN
— Binance Futures (@BinanceFutures) September 1, 2025
Other venues report similar ranges, yet depth can vary with venue and pair. Liquidity often pools on the largest order books, and funding rates can shift as positioning builds.
The team has not announced a TGE date, and no official listing time is posted. It stated that “airdrop criteria and event details will be shared at least a week in advance.”
FDV context among L2 networks
At current pricing, the FDV sits below Arbitrum near $5 billion. It also edges above Optimism near $3 billion, and it offers a simple benchmark for early comparisons.
Such comparisons are common during pre-market price discovery. They give traders and market makers a frame, yet they also change as new supply schedules publish.
Order books can move quickly as hedgers adjust and as basis trades form. Perpetual funding and borrow costs can pull prices, and spot listings can then reset levels.
Position size, venue liquidity, and borrow availability matter for execution. Traders often scale orders, and they use multiple venues to reduce slippage during volatile periods.
Utility, gas model, and TGE timeline
Linea is a zkEVM rollup by ConsenSys, and it targets scalable smart contracts. The network uses ETH as the exclusive gas token, and it keeps fees native to Ethereum.
The LINEA token is designed for incentives and ecosystem funding. It is not used for gas, and it supports grants, liquidity programs, and partner growth.
The team has guided toward a notice period before the airdrop and TGE. It plans to share eligibility and timing at least one week before the event.
Until then, pricing occurs through pre-market contracts and over-the-counter quotes. These markets offer exposure, and they also carry venue-specific risks and parameters.
Trading mechanics and risk notes
Leverage varies by venue, and margin rules can change as volatility rises. Binance offers up to 5x, and Bybit Alpha offers up to 10x, while Hyperliquid offers 3x.
Pre-market instruments can track spot closely, yet they can also gap. Settlement paths differ by exchange, and availability may change as TGE approaches.
Traders watch open interest and funding into listing windows. They also monitor emissions details and float size, and they adjust as calendars firm up.
For now, the market is setting a provisional mark for FDV and price. It can shift with liquidity, and it can shift again as the token officially launches.
