Features Currently Being Moderated An Update on the Linden Dollar Posted by M Linden on Jun 16, 2010 4:11:35 PM This morning saw a decrease in the exchange rate of the Linden dollar versus the US dollar. However, Second Life's key economic indicators remain stronger than the levels we saw in late 2009, though recent weeks have seen some reduction in economic activity compared to the record activity of the first quarter, as well as some uncertainty in the wake of recent corporate anouncements. Linden Lab continues to monitor the exchange rate. Should the average exchange rate change more than 10 percent in any given day, automated circuit breakers will kick in to halt trading for at least one hour. The first quarter of 2010 saw record economic activity in Second Life. That spike was due in part to the release of the movie Avatar, which drew many new Residents inworld, thus boosting the economy. Recent months have seen economic activity return to levels we saw in the fourth quarter of 2009. That change, combined with uncertainty related to the corporate restructuring announced last week by Linden Lab, contributed to an imbalance between supply and demand on the LindeX today. Linden Lab remains committed to the Linden dollar as a virtual currency, and to the Second Life economy as one that continues to provide value for Residents, merchants, and landholders large and small.