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crypto.news 2025-03-27 13:49:16

Linear Finance shuts down following Binance delisting of LINA, financial struggles

Linear Finance shuts down following Binance delisting of LINA, financial struggles

Decentralized asset protocol Linear Finance has announced it will cease operations, citing prolonged financial difficulties and the impact of Binance delisting its native token. In a statement shared on X, the Linear Finance team explained that despite years of development, their project failed to generate sustainable revenue. The protocol saw a brief period of profitability following its 2019-2020 launch but struggled in subsequent years. The final blow came when Binance announced the delisting of LINA, effective March 28, 2025. This triggered a sharp 65% decline in the token’s market capitalization, reducing Linear Finance’s remaining operational runway. The project had been primarily funded through personal contributions from its founder and token liquidations, an unsustainable model that ultimately led to the decision to wind down operations. “Our Operations Team will be in touch shortly with clear timelines and step-by-step instructions for users with active positions across our dApps,” the announcement stated. You might also like: NYSE parent ICE teams with Circle on stablecoin and tokenization plans ‘Zero transparency’ Linear Finance criticized Binance’s decision, highlighting the exchange’s recent introduction of community-driven listing and delisting votes. The team expressed frustration over what it described as a lack of transparency, stating , “There had been no vote, no warning, and zero transparency” regarding the removal of LINA and other tokens, including AERGO, AST, BURGER, and COMBO. Linear Finance Responds to Binance's LINA Delisting Today, we at Linear Finance were caught completely off guard by Binance’s decision to delist LINA effective March 28th. Like many others, we first learned of this development via an official blog post, with no prior warning or… — Linear Finance (@LinearFinance) March 21, 2025 The LINA token has since experienced a significant decline, dropping 5% in the past 24 hours despite a 30% spike in trading volume, indicating heightened market activity. Linear Finance’s shutdown follows recent turmoil in the decentralized exchange space, including Hyperliquid’s forced delisting of JELLY after a liquidity crisis. The Linear Finance team thanked its community and partners, stating, “We deeply appreciate your belief in the vision of Linear Finance and wish you every success in the future.” You might also like: DeFi gets new transparency boost as Credora rates Morpho lending vaults

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