Swell Chain on Euler

    hexagon

    Flipside AI

    Swell's liquid staking protocol on Ethereum experienced remarkable growth, with daily active users increasing from 3 to 29 and total unique users reaching 260. The protocol saw a massive 14,342% surge in total value locked, rising from $137 to $19.7M. Transaction activity exploded by 4,000%, jumping from 4 to 187 daily transactions, with deposit transactions dominating at 596 total transactions. Notably, WETH emerged as the most active token, leading in transaction volumes and user interactions across deposit, borrow, and other DeFi functions, while the total borrowing volume reached $3.4M, indicating strong early-stage growth in the Ethereum liquid staking ecosystem.

    Supply and Borrow
    Users And Transactions
    Resources
    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.