Ethereum's Layer 2 network fees have significantly declined, indicating changes in blockchain infrastructure. In addition, SharpLink Gaming has announced a reserve strategy based on Ethereum.
Decline in Ethereum Layer 2 Fees
The fees paid by Ethereum's Layer 2 (L2) networks have plummeted, with total contributions dipping below $50,000 between May 16 and 22. This marks a deliberate shift towards more cost-efficient infrastructure. "This isn’t about scaling first and raising fees later. That fee model is gone," stated an analyst.
Ethereum Reserve Strategy by SharpLink Gaming
SharpLink Gaming has secured $425 million for its Ethereum reserve strategy, highlighting corporate adoption of blockchain. The company plans to integrate ETH as its primary treasury reserve asset, promoting more efficient financial management. The investment round attracted participants from the Ethereum ecosystem, including ConsenSys.
Capital Flows Highlighting Ethereum's Dominance
Ethereum maintained its leading position with $400 million in net inflows over the past month. Conversely, networks like Solana and Berachain experienced capital outflows, indicating shifts in user preferences and liquidity.
The decline in Layer 2 fees and strategic investments in Ethereum demonstrate significant changes within the blockchain ecosystem and its adaptation to new financial realities.
