Activity on Linea, the Ethereum Layer 2 network from Consensys, is slowing down after explosive growth amid its multi-week promotional campaign, Voyage.<\/p>\n
On Dec. 20, Linea tweeted that Voyage had concluded following 10 waves of tasks across six weeks. Participants were rewarded with soulbound \u201cXP\u201d points<\/a>, driving a surge in on-chain activity amid speculation the non-transferable tokens could confer eligibility for an airdrop in the future.<\/p>\n Voyage kicked off<\/a> on Nov. 7, with its first wave encouraging users to bridge assets onto the network. At the time, Linea was driving just 1.6 transactions per second (TPS) on average, according to L2 beat, down from a record high of 4.2 TPS four weeks prior \u2014 indicating sluggish network adoption.<\/p>\n Linea\u2019s throughput quickly picked up amid the campaign, rallying to an all-time high<\/a> of 14.9 TPS on Dec. 10 to briefly overtake Ethereum\u2019s 13 TPS. However, has since receded, now sitting at 5 TPS after falling 67% from its peak.<\/p>\n Linea\u2019s total value locked (TVL) also rallied from $78.5M when Voyage commenced to an all-time high of $263.4M on Nov. 23. However, TVL had retraced down to $142M just one week later, and is now at $176M.<\/p>\n Still, the TVL of Linea-based DeFi protocol has consistently increased since Nov. 11, diverging from the value of assets held on the network. Linea\u2019s DeFi TVL is at a record high of $59.5M, up from $26.5M on Nov. 11, according to DeFi Llama.<\/p>\n Linea is the latest Layer 2 to offer incentives for users who participate in a multi-week campaign exploring the network and its DeFi ecosystem. While these campaigns have been highly effective at driving up DeFi and network TVL, on-chain activity has proved to be less sticky.<\/p>\n Base, the L2 from Coinbase, launched the OnChain Summer campaign alongside its mainnet deployment<\/a> on Aug. 9 after opening its doors to developers<\/a> in late July. Throughput rocketed<\/a> from 5.3 TPS at general launch to overtake Ethereum with 15.9 TPS on Aug. 21. <\/p>\n![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fb084a3edf76c342b7a190c607c2cb5c5a070916c-1241x318.png&w=828&q=100\")
L2 throughput and TVL diverge<\/h2>\n
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![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fe5ccb1414605f502d9dfbbe1e5a17e2baa0294e6-898x328.png&w=828&q=100\")