Another major move. SharpLink Gaming, a leading ETH treasury company, recently deployed ETH worth $170 million to Ethereum Layer 2 Linea for staking.
This is not a casual decision. The company set a target long ago—to stake a maximum of $200 million in ETH on Linea. From $170 million to $200 million, it looks like they're about to reach their goal. Why do this? Simply put, it's to capture higher risk-adjusted yields on the Linea chain.
The data is quite striking. As the second-largest listed ETH treasury company, SharpLink Gaming currently holds approximately 864,800 Ethereum. What does this position mean in the market? The slightest move by these institutions can influence market sentiment.
The trend of staking shifting toward Layer 2 networks reflects how institutions are pursuing better yields while also positioning themselves in emerging ecosystems. As an important scaling solution for the Ethereum ecosystem, Linea is attracting increasing attention from major capital players. This deployment to some extent validates that the appeal of the Layer 2 ecosystem continues to rise.
Another major move. SharpLink Gaming, a leading ETH treasury company, recently deployed ETH worth $170 million to Ethereum Layer 2 Linea for staking.
This is not a casual decision. The company set a target long ago—to stake a maximum of $200 million in ETH on Linea. From $170 million to $200 million, it looks like they're about to reach their goal. Why do this? Simply put, it's to capture higher risk-adjusted yields on the Linea chain.
The data is quite striking. As the second-largest listed ETH treasury company, SharpLink Gaming currently holds approximately 864,800 Ethereum. What does this position mean in the market? The slightest move by these institutions can influence market sentiment.
The trend of staking shifting toward Layer 2 networks reflects how institutions are pursuing better yields while also positioning themselves in emerging ecosystems. As an important scaling solution for the Ethereum ecosystem, Linea is attracting increasing attention from major capital players. This deployment to some extent validates that the appeal of the Layer 2 ecosystem continues to rise.