Status has unveiled the world's first gasless Layer 2 solution on testnet, built on Consensys' Linea stack, with a unique revenue model eliminating transaction fees.
The new Status L2 operates on a yield-based revenue system, converting bridged assets into yield-bearing equivalents and earning revenue from native application activity.
The platform aims to attract users with gasless transactions, generate organic yield, and support various applications, including games, social apps, and DeFi protocols.
Status Network's L2 rollout includes public testnets and further collaboration with Linea to enhance sustainability and usability, with a mainnet launch targeted for Q1 2026.