What is Swell Network (SWELL)?

Deep Dive

1. Core Function: Liquid Staking

Swell simplifies Ethereum staking by allowing users to deposit ETH and receive rswETH (restaked liquid staking token) or swETH (liquid staking token). These tokens accrue staking rewards and can be used across DeFi platforms for additional yield, solving liquidity lock-up issues in traditional staking (Swell Network).

2. Swell L2: Restaking Infrastructure

Launched in Q3 2024, Swell L2 is a Layer 2 chain focused on restaking, leveraging EigenLayer’s actively validated services (AVSs) to secure decentralized applications. Built on Polygon’s Chain Development Kit (CDK), it uses EigenDA for data availability, enabling low-cost transactions and interoperability with Ethereum. rswETH serves as the native gas token, accruing value through staking rewards (Swell L2 Pre-Launch).

3. Ecosystem Growth & Partnerships

Swell’s ecosystem includes collaborations with protocols like EtherFi, Renzo, and Pendle for liquidity provision. Its multichain compatibility (e.g., Bithumb’s July 2025 integration of Swellchain) enhances accessibility, allowing SWELL tokens to bridge between Ethereum and Swellchain for reduced fees (Bithumb integration).

Conclusion

Swell Network combines liquid staking efficiency with a restaking-focused Layer 2, positioning itself as a hub for Ethereum-centric yield strategies. Its governance model and cross-chain flexibility aim to address scalability and liquidity challenges. How will Swell L2’s adoption impact Ethereum’s restaking narrative in 2026?