Swell Liquidity Re-collateralization Token swBTC TVL Exceeds $30 Million 10 Days After Launch

According to Dune data from Odaily Odaily, Swell's new LRT swBTC had a TVL of more than 30 million US dollars within 10 days of its launch, with more than 560 independent depositors. About a month after its launch, a large amount of swBTC supply has entered major DeFi protocols such as Curve and Morpho, accounting for 8%. In addition, Swell is developing L2, and users have deposited 68% of the swBTC supply, waiting for its launch. Earlier on August 14, Swell announced the launch of the liquidity re-pledge token "swBTC" on the X platform. It is reported that users can deposit wBTC to obtain swBTC to generate income. wBTC is a token pegged to BTC 1:1 and can be used in the Ethereum network. It is expected that the re-pledge income will be distributed from mid-September.