Odaily Planet Daily News According to L2BEAT data, Linea TVL exceeded 900 million US dollars, setting a new historical high, and currently stands at 911.88 million US dollars, with a 7-day growth rate of 19.67%. Previously, Ethereum L2 network Linea announced that it has launched the first phase of Volt on Linea Surge, aiming to promote the development of the ecosystem by attracting more users and increasing TVL on the network. Linea Surge is a points-driven program, where users can earn LXP-L tokens by holding assets on Linea and deploying them to DeFi protocols on the network. This plan will run for 6 cycles (6 months) or until TVL reaches 3 billion US dollars. The allocation of LXP-L will decrease by 10% each cycle, with additional benefits for early users. Additionally, the liquidity deployed by users must be greater than or equal to $24 in a single protocol to be eligible for points calculation.

PANews May 17th news, according to official sources, Linea, a Layer2 network under ConsenSys, announced that the first phase of Linea Surge, Volt, is now live. Linea Surge aims to promote the development of the ecosystem by attracting more DeFi enthusiasts and increasing the Total Value Locked (TVL) on the network. Linea Surge is a points-based project, where users can earn LXP-L tokens by holding assets on Linea and deploying them into DeFi protocols. The program will run for 6 phases (6 months) or until the TVL reaches $3 billion. The allocation of LXP-L will decrease by 10% each phase, so participating in the first phase, Volt, will yield the highest liquidity rewards. Early adopters will receive additional benefits. Users who hold at least 0.1 ETH in any position before 23:59 on May 15, 2024 (GMT time zone) will receive the early adopter modifier for LXP-L in the first phase, Volt. Tip: In order for the points to be valid, the deployed liquidity must be greater than or equal to $24 in a single protocol to avoid excessive distribution of points caused by fragmented funds in the wallet.

Golden Ten Data on May 9, on May 8, Hangzhou Jiande 500 k volt power transmission and transformation project was officially put into operation, which is also the 10th ultra-high voltage substation put into operation in Hangzhou. As the only ultra-high voltage substation in the three counties and cities in the west of Hangzhou, the project also undertakes the task of sending out the Jiande Wulongshan Pumped Storage Power Station, which will further enhance the power supply capacity of the western part of Hangzhou, alleviate the pressure of power supply in the peak summer, and provide guarantee for Zhejiang power supply and price stability and clean energy transmission.

Peter Thiel's Founders Fund led a $13.2 million seed round of funding for encryption startup Lagrange Labs, Gold Finance reported. In addition to the Founders Fund, Lagrange's seed round includes participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Eco_

Jinse Finance reported that about nine cryptocurrency startups raised about $126 million in the past 7 days, and one company clearly stood out. Wallet-as-a-service provider Magic Labs has raised $52 million in a strategic round led by PayPal Ventures. Other investors include Cherubic, Synchrony, KX, Northzone and Volt Capital, according to a press release. In its latest funding round, the San Francisco-based company has raised more than $80 million, raising its valuation to just under $500 million, according to Fortune.

Odaily Planet Daily News DeFi asset management platform Yield App announced a partnership with the British real-time payment gateway company Volt, integrating Volt's pan-European open banking solution, opening up the entry of GBP and EUR, and Yield App customers can directly purchase cryptocurrencies directly through the bank . (the paypers)