The decentralized asset protocol Linear Finance has announced that it will be shutting down due to ongoing financial challenges and the repercussions of Binance removing its native token from their platform.
In a recent post on X, the team behind Linear Finance detailed that despite years of effort, they were unable to establish a sustainable revenue model.
The protocol enjoyed a short-lived period of profitability after its launch in 2019-2020 but encountered difficulties in the following years.
The final setback occurred when Binance announced the removal of the LINA token, effective March 28, 2025. This led to a drastic 65% drop in the token’s market value, significantly shortening Linear Finance’s operational timeline.
The project had primarily relied on personal investments from its founder and earnings from token sales, a model that proved to be unsustainable and ultimately necessitated the decision to cease operations.
“Our Operations Team will reach out soon with detailed timelines and guidance for users holding active positions in our dApps,” the announcement mentioned.
‘Lack of Transparency’
Linear Finance criticized Binance’s decision, pointing out the exchange’s recent implementation of community-driven processes for listing and delisting coins.
The team expressed disappointment over what they viewed as a lack of transparency, asserting, “There was no vote, no notification, and absolutely zero transparency” concerning the delisting of LINA and other tokens, which includes AERGO, AST, BURGER, and COMBO.
The LINA token has since experienced a substantial decline, falling 5% over the past day, despite a 30% increase in trading volume, signifying increased market activity.
The closure of Linear Finance comes amidst recent upheaval in the decentralized exchange market, including Hyperliquid’s forced removal of JELLY due to a liquidity crisis.
The team at Linear Finance expressed gratitude to its community and collaborators, stating, “We sincerely appreciate your support for the vision of Linear Finance and wish you all the best in the future.”