Swell Chain on Euler
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
Idea and Queries:
https://flipsidecrypto.xyz/mamad-5XN3k3/euler-on-swellchain-JMMsyn