Consensys CEO Joseph Lubin has confirmed that the debut of a token for its Ethereum layer-2 network LINEA will precede the launch of any token associated with its popular MetaMask wallet.
This decision signals a deliberate strategic pivot by Consensys toward ‘protocolization,’ prioritizing the development of core blockchain infrastructure with meaningful utility before generating tokens for consumer-facing products like MetaMask.
Lubin emphasized that token launches are conditional on the underlying product evolving into a protocol-like structure. LINEA, which currently ranks among the top ten Ethereum layer-2 solutions with $370 million in total value locked (TVL), meets this criterion and its token launch is expected imminently.
Conversely, the prospect of a MetaMask token remains unclear. Lubin indicated that such a token would only be considered once MetaMask itself undergoes significant transformation, adopting features such as decentralized governance and substantively integrating token utility within the broader Web3 ecosystem.
Consensys’ overarching strategy seeks to foster sustainable growth and interoperability within the Ethereum layer-2 landscape by ensuring any future tokens serve tangible governance functions or utility purposes within well-established decentralized protocols.