what's swell network?
Swell Network is a liquid restaking protocol designed to enhance DeFi by allowing users to restake ETH and earn yields while maintaining liquidity through tokens like swETH and rswETH. It simplifies access to restaking opportunities and contributes to securing the Ethereum ecosystem via integrations with EigenLayer and other AVSs. The project features Swell L2, an Optimism-based rollup in the Superchain, enabling efficient DeFi activities with shared liquidity and low costs. Swell also supports vaults for boosted yields and points farming, with its native token SWELL used for governance and staking to secure infrastructure. Recent developments include migrations to the Superchain and partnerships for cross-chain liquidity.
swETH holders can now restake on Eigenpie as mswETH for higher APR and Eigenpie Points.
contract
ethereum
Experienced a 21% price increase over a 24-hour period, making it the top gainer on HTX exchange.
swETH holders can now restake on Eigenpie platform as mswETH to earn +2.99% LRT APR and +3.41% LST APR, plus 1x Eigenpie Points for Season 4.
The rebrand to Voyager positions the platform as an AI-powered trading platform.
The project approaches onchain profitability with increased revenues and reduced costs.
The project approaches onchain profitability with increased revenues and lowered costs.
The ETH restaking protocol evolves into Voyager, an AI-powered trading platform.
The project is rebranding to Voyager.
Swell chain is now supported on Rainbow platform, allowing users to bridge assets to the network.
Binance Futures will delist SWELLUSDT perpetual contracts on 2025-11-28 at 09:00 UTC, with all positions to be closed and automatically settled before delisting.
Eigenpie restaking now provides 3.27% LRT APR plus 2.9% LST APR for swETH restaked as mswETH, with 1x multiplier Eigenpie Points for Season 4.
Funding rate arbitrage opportunity available for SWELL token at 434.06% APR.
Eigenpie and Swell Network launch $mswETH-$WETH pool on Velodrome Finance with over 188% APR from fees and incentives plus 2.65% restaking yield. Liquidity providers receive 2x Eigenpie Points throughout Season 4 for upcoming $EGP airdrop eligibility.
The chain operates at a loss per onchain profitability data, categorized among L2s that never gained significant traction.
Users are warned not to deposit swETH or rswETH into Balancer V2 and to withdraw any existing assets immediately.
Users are warned not to deposit swETH or rswETH into Balancer V2 and to withdraw any existing assets immediately.
Weekly yields reach 86.7% for SWELL-rSWELL on Tempest, 74.2% for KING-ETH on Ambient Finance, and 65.5% for ETH-USDe on Tempest.
Three yield farming opportunities available on Swellchain: 86.7% APY for SWELL-rSWELL on Tempest, 74.2% APY for KING-ETH on Ambient Finance, and 65.5% APY for ETH-USDe on Tempest.
swBTC is identified as one of the dominant liquid staking tokens on Hemi Network's DeFi ecosystem, alongside Lorenzo Protocol's enzoBTC and Bitfi's bfBTC.
The Eigenpie restaking opportunity provides 3.1% LRT APR in addition to the 2.8% LST APR, with 1x multiplier Eigenpie Points for Season 4.
New collateral type addition announced for cross-collateral system, with 22 potential tokens listed including BTC, ETH, USDC, USDT, DAI, wstETH, weETH, rswETH, rsETH, LBTC, and others.
HWAVE token launches this week with LBP on Hyperliquid (first of its kind on the platform), with public sale and early community allocations unlocking fully at TGE while Swell DAO allocation maintains 12-36 month vesting. The protocol features a Loyalty Fund model where revenues are used to buy and distribute HWAVE to stakers.
Hyperwave allocates 15% of HWAVE total supply (150M tokens) to Swell DAO with 12-36 month vesting, ahead of October 16-20 LBP launch on Balancer.
Swellchain reports $174M TVL with 14,123 unique bridgers and $20.1M in Swell assets bridged. rswETH ranks as one of the top three bridged assets on the platform.
TVL decreases to $174M from the $180M reported in August, with 14,123 unique bridgers and $20.1M in Swell assets bridged across top assets weETH, rswETH, and pzETH.
New liquidity pool on Velodrome Finance offers 82% APR for mswETH-WETH pairs with 2x Eigenpie Points rewards.
379% APR available through delta-neutral funding arbitrage.
Superchain U16A Upgrade scheduled for October 14, 2025.
Protocol undergoes Optimism Superchain U16A upgrade on October 14th, 2025 (14:00-16:00 CET), temporarily invalidating pending withdrawals to Ethereum L1 while maintaining normal deposit and onchain activity.
swETH restaking as mswETH via Eigenpie provides combined yield of +3.2% APR (plus Eigenpie Points) and 2.6% LST APR from the base token.
Network throughput reaches ATH of 4.91 Mgas/s, marking +26% growth in 24h and +67% in 30d, indicating increasing network activity.
The BOLD/USDK liquidity pool will earn additional SWELL rewards this month along with OrkiFi points.
TVL reaches $782.5M on September 16 with 22.7% year-over-year growth, driven by a strategic shift to restaking as LRTs now comprise 85% of TVL compared to 50.6% a year ago.
mswETH-WETH liquidity pool on Velodrome Finance shows strong performance with +63% APR boost available to EigenPie users.
Swellchain reports $181M TVL with 14,123 unique bridgers and $21.6M in bridged assets, with weETH, pzETH, and rswETH as the top bridged assets.
Stargate Finance integration launches, providing cross-chain ETH bridging access to 40+ ecosystems alongside existing LayerZero infrastructure.
Stargate integration goes live supporting native ETH on Swellchain, enabling cross-chain ETH movement across 40+ connected ecosystems as the first native asset connection via Stargate.
Official investigation confirms the project was not affected by an NPM supply chain attack.
BOLD token bridging is now live with new BOLD/USDK liquidity pools on Velodrome Finance offering ORKI token rewards.
Earn vaults are being shut down with new deposits paused, requiring users to withdraw earnETH and earnBTC assets within 60 days as part of product streamlining.
Tally integration goes live, enabling new building capabilities on the restaking chain.
Eigenpie integration enables mswETH restaking with 5.1% APR and bonus point rewards.
$SWELL token now listed on eToro exchange.
Integrated into Odyssey DeFi hub with new Morpho protocol yield strategy offering 24% APY.
Token now available for purchase on Revolut, Europe's largest neobank with 60M+ users worldwide.
mswETH-WETH pool APR increases to 334% on Velodrome, up from previous 36%.
Protocol reaches $180M TVL, showing $18M growth from previous report, with significant ETH derivative bridging activity.
US users can now stake and restake without restrictions following removal of geofencing.
Hyperwave DeFi SuperApp integration expands ecosystem with $27.3M TVL and integrations across 6+ major protocols.
Bithumb exchange integrates native cross-chain deposits and withdrawals for $SWELL tokens.
Cross-chain metrics show $162M TVL and significant ETH derivative bridging activity across 14K+ users.
New mswETH-WETH pool launches on Velodrome offering 36% APR with LRT rewards.
Eigenpie integration enables 3.9% APR yield farming for swETH deposits with additional point rewards.
Derive vaults generate $1.2M+ USDC yield over first year of operation through ETH staking integration.
New rswETH pool launches on Penpi offering triple rewards: 4x Swell Points, 1x Eigen Points, and 13% APY.
New rswETH pool launches on Equilibria with boosted Pendle emissions from vePENDLE treasury.
New swETH pool launches on Penpi platform offering 11% APY in PENDLE rewards for LST deposits.
Network throughput hits new ATH of 2.38 Mgas/s, surging 106% in 24 hours.
Multiple yield opportunities emerge with rates up to 414% APR across Ambient Finance, Velodrome, and Tempest platforms.
Swell Network backs new protocol Hyperwavefi, currently offering fee-free deposits.
King Protocol integration enables new yield opportunities: 13.6% SWELL staking and 33% APR for KING-ETH LP.
Active mswETH-WETH liquidity pool on Velodrome Finance delivers 38% APR yield farming opportunity.
Transaction volume surges to 3M+ in 8 days, indicating strong network usage.
New staking integration launches on Eigenpi offering 3.1% APR and Eigenpie Points for swETH restaking as mswETH.
New integration with The Graph enables blockchain data querying and AI-enabled dApp development through Subgraph Studio.
New Graph Protocol integration enables decentralized indexing and querying of blockchain data.
New USDK pools on Ambient Finance offer yields up to 175% APR across ETH, SWELL, and USDe pairs.
Network throughput reaches new ATH with 22% increase.
New gaming collaboration launches June 4th with $20,000 prize pool, featuring ONI Avatar multiplier mechanics.
Protocol demonstrates strong adoption with $114M TVL and over 14K unique bridgers; weETH leads bridged assets.
New integration with OP Atlas enables discovery of Superchain grant opportunities for builders.
New SBB collaboration launches with Radius to enhance L2 rollup economics
Top 10% of users generate over 27,000 ETH in network volume through contract interactions.
OrkiFi stability pools offer 12-55% APR with 1.5x points multiplier; alternative USDK holding yields 70% in wSWELL
Multiple yield opportunities available: 70% on USDK (OrkiFi), 19% WETH-weETH (Velodrome), and up to 39% leveraged weETH (Euler).
New mswETH-WETH liquidity pool on Velodrome offers 20% APR through Eigenpie integration.
V2 update introduces leaderboard and reward distribution system with 15+ forks, featuring normalized scoring capped at 7.50%.
Reaches $1B+ TVL milestone and achieves top LST ranking on EigenLayer; implements modular deployment with AltLayer RaaS and Radius Alpha Engine.
Optimism distributes 94,569 OP tokens to 8 builders through retroactive funding round.
New rewards distribution launches with 2.5M USDK from OrkiFi and 25M to Swellchain DeFi ecosystem.
New yield farming opportunity offers 2.8% APR for restaking swETH as mswETH through Eigenpie protocol.
Network throughput reaches new ATH with 2645% increase over past 30 days.
Active boost period offers $38.5K in rewards until May 20th, including 3M SWELL for USDK holders and 0.75M SWELL for Ambient Finance pools.
Orki's stablecoin protocol introduces dual earning mechanism with customizable rates: users earn ETH staking yields while using their staked ETH as collateral for $USDK loans.
mswETH-WETH pool on Velodrome now offers 57% APR (down from previously reported 170%) and includes integration with Eigen protocol.
Orkif Finance (previously mentioned as OrkiFi) now integrates Liquity V2 with LRT-backed loans and $SWELL rewards for $USDK usage.
Protocol launch includes $30K holder incentive and details on USDK minting with restaking yield.
wstETH bridging and restaking now available on L2, powered by OP Stack.
Lending caps reached and imminent OrkiFi launch represent new information, while transaction ATH was previously reported.
Native stablecoin protocol launches May 15th with early user rewards converting to $ORKI at TGE.
New Liquity V2 fork OrkiFi launches May 15 on the network.
Network transaction count reaching new ATH, up 738%, and throughput increasing 2008%, significantly exceeding previously reported 844% throughput growth.
New restaking opportunity offers 2.8% APR and Eigenpie Points for converting swETH to mswETH through Eigenpie integration.
30-day network throughput surges 844%, indicating rapid adoption and scaling success.
Active yield farming opportunity with 170% APR available in mswETH-WETH pool on Velodrome.
USDT0-WETH liquidity pool offers 346% APY yield farming returns
New rUSDC trading pairs launch on Velodrome Finance with active yield rewards.
New bridge integration with Jumper enables ETH, WETH, and USDe transfers across chains.
LI.FI integration enables cross-chain and same-chain swaps through API, SDK, and Widget integration.
Enhanced APRs available for rUSDC and USDe pairs on Velodrome, boosted by veVELO voting power.
New custom liquidity models optimize yields for restaked assets through Ambient and Tempest.fi partnership.