SharpLink tied the deployment to “Linea Surge,” an initiative that aims to increase total value locked and draw developers to the ecosystem. The company said its inflows supported Linea’s TVL growth during the first week of January. In an update, it noted that TVL rose above $340 million during that period, with SharpLink accounting for a meaningful share of the inflows.
However, Linea has also seen volatile TVL trends since it introduced its token in September. DefiLlama data cited in the reports suggested that Linea TVL peaked near $1.64 billion about two weeks after the token launch. The same dataset showed TVL later fell to about $185.74 million, which highlights the competitive and fast-moving nature of the Layer 2 market.
SharpLink also reinforced its ties to Linea’s broader governance and institutional narrative. It participates in the Linea Consortium, which helps manage LINEA token distribution, and it has links through Consensys, the firm that incubated Linea.
Moreover, reportedly, SharpLink plans to launch a governance token, SHARP, in Q3 2026, with distribution expected to include early-staker airdrops and a public sale. Meanwhile, SharpLink stock (SBET) rose about 1.4% on the day of the announcement, closing at $10.28, according to the report.
Also Read: Ethereum News Today: Crypto Whale Purchases $4B in Ether, Surpassing SharpLink’s $3.5B ETH Stack