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    Swell Network Smart Contracts Overview

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    Flipside AI

    Swell Network demonstrates robust blockchain activity with 527 total deployed smart contracts and 123,289 processed transactions, averaging 234 transactions per contract. The network shows dynamic development patterns, with daily transactions peaking at 6,969 and contract deployment fluctuating between 43 new and 66 existing contracts. Notably, the contract ecosystem reveals diverse engagement, with 230 contracts having only 1 transaction and 68 contracts executing over 50 transactions, and 68.4% of contracts active for just 1-7 days, suggesting an experimental and rapidly evolving blockchain environment.

    Swell Network Contracts Stats
    Contracts Behavior & Activity
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    Swell Network is a decentralized liquid staking protocol that enables users to stake their Ethereum (ETH) while maintaining liquidity through liquid restaking tokens (LRTs). Recently, Swell has expanded its offerings by launching Swellchain, a restaking-focused blockchain built on the Optimism (OP) Stack, making it part of the Superchain family.

    Key Features:

    • Liquid Restaking: Users can stake ETH and receive liquid restaking tokens (LRTs) like rswETH, which represent their staked assets and can be utilized across various decentralized finance (DeFi) platforms.

    • Swellchain Integration: Swellchain operates as a Layer 2 solution, leveraging the security of Ethereum while offering enhanced scalability and lower transaction fees. It is powered by a Proof of Restake mechanism, allowing users to restake assets to secure the network and earn additional rewards.

    • Ecosystem Partnerships: Swell collaborates with various infrastructure partners, including Optimism, Chainlink, Redstone, Symbiotic, and EigenLayer, to enhance its platform's capabilities and security.

    • Diverse Asset Support: Beyond ETH, Swell has introduced liquid restaking tokens for other assets, such as swBTC, allowing users to stake Wrapped Bitcoin (WBTC) and receive yield-bearing tokens in return.

      By integrating liquid staking with restaking mechanisms and expanding its infrastructure through Swellchain, Swell Network aims to simplify access to DeFi and contribute to the security and decentralization of Ethereum and its Layer 2 solutions.

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