Ethereum's Layer 2 fees hit record lows, signaling a shift toward cost-efficient blockchain infrastructure and minimal transaction costs.
SharpLink Gaming's $425M Ethereum reserve plan underscores corporate adoption of blockchain for treasury and operational efficiency.
Ethereum sees $400M net inflows, maintaining its dominance despite outflows from competing networks like Berachain and Solana.
The fees paid by Layer 2 (L2) networks to Ethereum have plummeted, with total rent contributions dipping below $50,000 between May 16 and 22. This marks a deliberate shift as Ethereum evolves into a more cost-efficient infrastructure layer. “This isn’t about scaling first and raising fees later. That fee model is gone,” he stated, emphasizing the trend toward minimal transaction costs.
https://twitter.com/TedPillows/status/1926971602815865120
Base led L2 gas rent contributions with $685.52 on May 22, despite a sharp 11.2% daily and 9.6% monthly decline. Following closely, Polygon zkEVM paid $571.84, showing a 4.9% daily drop and a significant 82.2% year-over-year decrease. World Chain exhibited resilience with $486.47 paid, reflecting a minor 0.5% daily dip but a substantial 96.9% annual gain.
Other notable players include Arbitrum One, which rose 19% daily to $378.51, despite a 76.4% annual decline, and OP Mainnet, which paid $130.60 after a 2.3% daily increase but a 45.1% yearly drop. These variations illustrate shifting dynamics across Ethereum’s L2 ecosystem.
SharpLink Gaming’s Ethereum Treasury Strategy
SharpLink Gaming has unveiled a $425 million Ethereum reserve strategy, signaling a transformative adoption of blockchain-based financial management. The NASDAQ-listed company aims to integrate Ethereum as its primary treasury reserve asset. This strategic action entails buying ETH using funds from a $425 million private placement.
The round drew leading Ethereum ecosystem participants such as ConsenSys, which was founded by Joseph Lubin and will have a seat on SharpLink's board. The project is part of SharpLink's overall plan to use Ethereum's programmability to drive more efficient operations.
Additional funds will support corporate purposes, emphasizing the convergence of Web3 finance with traditional industries.
Capital Flows Highlight Ethereum’s Dominance
Ethereum’s leading position is reinforced by $400 million in net inflows over the past month. Coinvo reported Arbitrum followed with $300 million, while Unichain posted strong inflows exceeding $100 million. Conversely, Berachain experienced the largest outflow, surpassing $400 million, suggesting a strategic capital reallocation.
Smaller inflows were observed across Sei Network, Mantle, and zkSync Era, indicating steady traction within a competitive ecosystem. Meanwhile, networks like Solana and OP Mainnet faced net outflows, signaling shifts in user preferences and liquidity.
Price Action Signals Key Levels for Ethereum
Ethereum’s price is consolidating below the $2,817 resistance level, trading at $2,665.74 after a 3.98% gain in the latest session. According to Scient, the price action reflects a coiling phase, with potential breakouts targeting $3,428 or corrections toward $2,200.
This consolidation period is consistent with Ethereum's overall rising trend since mid-April, which has been marked by higher highs and higher lows. As Ethereum gets closer to the major barrier, traders are expecting tremendous volatility, underscoring its crucial role in the technical and fundamental evolution of blockchain markets.
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