What is SBET (SharpLink Gaming)?

SBET is an ERC-20 token on Ethereum at 0x4f1aac70b303818ddd0823570af3bb46681d9bd8. It’s tied to SharpLink Gaming, Inc. (Nasdaq: SBET), a public company that pivoted from sports betting marketing to an Ethereum-first treasury strategy. In short, SharpLink aims to hold ETH as its primary reserve asset and use tokenization to give investors crypto-native access to that exposure.

In mid-2025, the Injective ecosystem spotlighted an SBET tokenization initiative designed to reflect a large ETH treasury position via its iAssets framework. The goal: turn corporate-held ETH into programmable, yield-enabled on-chain assets that can interact with DeFi.

Important: There are multiple tokens called “SBET” in the broader crypto market. The contract in this article is the Ethereum-based SBET for SharpLink Gaming.

Why it matters

• ETH-first treasury strategy: SBET provides a crypto-native mirror of SharpLink’s bid to become a major corporate holder of ETH, similar in spirit to public companies holding BTC.
• Potential yield and composability: Tokenized treasury assets on Injective iAssets are designed to plug into DeFi for yield opportunities and broader utility.
• TradFi-to-DeFi bridge: With industry veterans involved at the corporate level, SBET sits at the intersection of public markets, corporate treasuries, and Ethereum’s open finance.

Core utility at a glance

• Leveraged ETH exposure narrative: SBET aligns with SharpLink’s plan to accumulate ETH as a treasury asset, offering amplified exposure to ETH movements via a public-company-meets-crypto story.
• DeFi-friendly format: As an ERC-20, SBET is compatible with Ethereum wallets, DEXs, and on-chain integrations.
• Institutional context: SharpLink positions SBET as part of a broader strategy to connect traditional investors with Ethereum-native upside.

Tech basics

• Chain and standard: Ethereum, ERC-20
• Contract: 0x4f1aac70b303818ddd0823570af3bb46681d9bd8
• Supply: Self-reported total and max supply of 10,000,000,000 SBET (earlier materials from 2022 referenced 3.5B; more recent figures indicate 10B)
• Decimals: Commonly reported as 9
• Interoperability: Works with Ethereum-compatible wallets and dapps

Team and credibility signals

• Leadership: Joseph Lubin, Ethereum co-founder and ConsenSys CEO, is cited as Chairman and strategic advisor for SharpLink Gaming. His involvement adds strong Ethereum ecosystem credibility and aligns the company with ETH-native thinking.
• Public-company oversight: As a Nasdaq-listed company, SharpLink undergoes traditional financial audits and disclosures, augmenting on-chain transparency with corporate reporting.

Tokenomics and market context

• Treasury linkage: The SBET narrative is that each token reflects SharpLink’s ETH-first corporate treasury. Always verify the latest disclosures; “backing” can mean different things (on-chain collateralization versus corporate balance sheet exposure).
• Market drivers: Performance may be influenced by ETH price dynamics, SharpLink corporate updates, and DeFi integrations.
• Liquidity and volatility: As with many meme- and narrative-driven tokens, SBET can experience sharp moves in both directions. Manage position sizes and expectations accordingly.

Exchanges and how to trade SBET

Always verify the contract address before trading: 0x4f1aac70b303818ddd0823570af3bb46681d9bd8 (Ethereum).

Common places to analyze or trade include:

• gmgn.ai: fast analytics and trading workflows for SBET on Ethereum: https://gmgn.ai/eth/token/fV1R5sZ5_0x4f1aac70b303818ddd0823570af3bb46681d9bd8
• Uniswap: search by contract address on the official site (https://uniswap.org) to avoid lookalikes

Note on cross-chain mentions: You may see references to SBET activity on BNB Chain (e.g., PancakeSwap pairs). Documentation and primary explorers associate this specific contract with Ethereum. Treat any non-Ethereum instances as separate or bridged versions and double-check addresses, liquidity depth, and risks before interacting.

Security notes and audits

• Contract health checks: Basic scanners have shown positive indicators (e.g., no honeypot flags and solid automated scores). These are helpful sanity checks but not substitutes for formal audits.
• Corporate oversight: SharpLink, as a listed company, faces traditional audit and regulatory reporting requirements, which can provide additional assurance beyond typical meme coin projects.
• Best practices: Use reputable wallets, verify contract addresses, beware of phishing, and avoid signing suspicious approvals.

Common mix-ups to avoid

• Sportbet.one (EOS) vs. SharpLink SBET (Ethereum): Another project uses the SBET ticker on the EOS ecosystem (focused on decentralized sports betting). It is unrelated to the Ethereum SBET discussed here. Always use the Ethereum contract above to avoid confusion.

Risks and considerations

• Narrative risk: The “ETH treasury tokenization” narrative is powerful but depends on execution, transparent disclosures, and market trust. Reassess as new filings or on-chain data emerge.
• Volatility: Meme- and narrative-led assets can spike or drop quickly, especially around listings, liquidity changes, or major ETH moves.
• Cross-chain ambiguity: If you encounter SBET on non-Ethereum networks, verify whether it’s a bridged asset, a wrapper, or a different token entirely.

Official links and useful resources

• Corporate site: https://sharplink.com/
• Project page: https://www.sbet.io/
• Etherscan (token): https://etherscan.io/token/0x4f1aac70b303818ddd0823570af3bb46681d9bd8
• Twitter/X: https://twitter.com/sbet_eth
• Telegram: https://t.me/sbet_eth

Quick FAQ

• Is SBET on Ethereum or BNB Chain?

  • The contract 0x4f1a…9bd8 is on Ethereum (ERC-20). If you see SBET on other chains, treat it as separate/bridged and verify carefully.

• What’s the supply?

  • Recent figures point to 10,000,000,000 SBET total/max supply.

• How does the “ETH-backed” idea work?

  • The thesis is tied to SharpLink’s ETH-first treasury approach and tokenization initiatives. Always check the latest corporate disclosures and on-chain data to confirm details of backing and exposure.

• Where can I trade?

  • For Ethereum, consider Uniswap (search by contract) and analytics/trading dashboards like gmgn.ai’s SBET page: https://gmgn.ai/eth/token/fV1R5sZ5_0x4f1aac70b303818ddd0823570af3bb46681d9bd8

Disclaimer: This content is for informational purposes only and is not financial advice. Crypto assets are risky; do your own research.