Swell Network is an ETH liquidity staking protocol designed for stakers, node operators, and the Ethereum ecosystem. Users can pledge ETH and receive swETH, as well as DeFi profits.
Its mission is to provide the world's best liquidity staking and re staking experience, simplify access to DeFi, while safeguarding the future of Ethereum and re staking services.
The majority of deposits in Swell L2 are composed of tokens from the Swell ecosystem, such as rswETH, swETH, and related Pendle main tokens. These are the participants most aligned with the Swell ecosystem. In addition, Swell L2 also houses other LRTs and their related PT tokens worth millions of dollars through Pendle. If their total deposits of $1.1 billion are included, this will make them the sixth largest company in TVL, surpassing well-known L2 companies such as StarkNet, ZKSync Era, Manta, Linea, and the recently launched Mode Network.
