Decrypt ••1 min read
SharpLink Stakes $170M Ethereum (ETH) on Layer-2 Network Linea
The Arch TakeNeutral
SharpLink Gaming, a publicly traded Ethereum treasury firm, has staked $170 million worth of ETH on Linea, an Ethereum layer-2 scaling network, according to reports. The development signifies a substantial investment by SharpLink into layer-2 solutions, potentially enhancing transaction speeds and reducing costs associated with Ethereum transactions. Layer-2 networks like Linea are designed to improve the scalability of the Ethereum blockchain by processing transactions off-chain while still maintaining the security and decentralization benefits of the main chain.
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