Another major move. SharpLink Gaming, a leading ETH treasury company, recently deployed $170 million worth of ETH onto Ethereum Layer 2 Linea for staking.
This is not a casual decision. The company has long set a goal — to stake up to $200 million worth of ETH on Linea. Going from $170 million to $200 million, it looks like they are close to reaching their target. Why do this? Simply put, to achieve higher risk-adjusted returns on the Linea chain.
The data is quite impressive. As the second-largest publicly listed ETH treasury company, SharpLink Gaming now holds approximately 864,800 ETH. What does this position mean in the market? It means that the actions of such institutions can influence market sentiment.
The trend of staking on Layer 2 networks reflects that institutions are seeking better yields while also positioning themselves in emerging ecosystems. As an important expansion of the Ethereum ecosystem, Linea is attracting increasing amounts of large capital. This deployment, to some extent, also validates that the attractiveness of the Layer 2 ecosystem is continuously rising.
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TokenomicsDetective
· 15h ago
860,000 ETH, that's quite a move. Linea is really siphoning liquidity from the first and second layers.
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MeaninglessApe
· 01-08 23:45
860,000 ETH poured into Linea, this guy is really betting on the second-layer ecosystem taking off.
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ConsensusBot
· 01-08 23:39
1.7 billion invested in Linea, this guy really believes in Layer 2, I have to follow and get some benefits
860,000 ETH in hand, such a big move... no wonder it can shake market sentiment
Linea has truly become a hot commodity, major players are betting on it
Staking yields are attractive, but what about the risks? No one mentions it
It feels like the Layer 2 ecosystem is really taking off this time, Linea is charging forward
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ForkPrince
· 01-08 23:22
1.7 billion invested in Linea, this rhythm... The Layer 2 wave is really taking off
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86,480 ETH on hand, when institutions move, we tremble along
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Linea is the real main player, everyone is rushing for this opportunity
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Is staking yield really this attractive? If it were me, I’d go all in early
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The appeal of the Layer 2 ecosystem is rising... This phrase is getting a bit tired
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SharpLink’s move feels like a hint at something
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From 1.7 billion to 2 billion, just one step away, this operation is solid
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Just asking, why does Linea attract so much funding?
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Big capital is flowing into Linea, should retail investors follow the trend or stay on the sidelines?
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The risk-adjusted returns sound a bit vague
Another major move. SharpLink Gaming, a leading ETH treasury company, recently deployed $170 million worth of ETH onto Ethereum Layer 2 Linea for staking.
This is not a casual decision. The company has long set a goal — to stake up to $200 million worth of ETH on Linea. Going from $170 million to $200 million, it looks like they are close to reaching their target. Why do this? Simply put, to achieve higher risk-adjusted returns on the Linea chain.
The data is quite impressive. As the second-largest publicly listed ETH treasury company, SharpLink Gaming now holds approximately 864,800 ETH. What does this position mean in the market? It means that the actions of such institutions can influence market sentiment.
The trend of staking on Layer 2 networks reflects that institutions are seeking better yields while also positioning themselves in emerging ecosystems. As an important expansion of the Ethereum ecosystem, Linea is attracting increasing amounts of large capital. This deployment, to some extent, also validates that the attractiveness of the Layer 2 ecosystem is continuously rising.