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@oladm3jiSwell Chain Unveiled: A Look into LST/RST Dynamics Since Launch
Flipside AI
Wrapped Ether (wETH) dominates the Ethereum liquid staking ecosystem, representing 93% of total LST/RST transaction volume with 8,357 transactions and capturing 82% of total deposits at $24.72M. The eWETH-1 vault leads deposit volumes at $13.6M, while institutional activity is evident with large transactions ranging from $2.7M to $7.9M. The network demonstrates high efficiency with extremely low transaction fees of $0.000009948, and user engagement is growing, with daily unique senders peaking at 25 addresses and daily transactions showing a notable spike to 30 on 2025-01-10.
Swell is revolutionizing the staking landscape by offering a seamless and efficient liquid staking experience. Built with modular blockchain technology, Swell ensures decentralized, secure, and yield-optimized solutions for users participating in DeFi. Since its launch, Swell has garnered significant activity, with users depositing and withdrawing assets to engage with the ecosystem.
This dashboard provides a comprehensive breakdown of trends on Swell Chain, giving insights into:
User participation 📈 – How many wallets are actively engaging?
LST/RST flow 💰 – Which LST/RST dominate deposits & withdrawals?
weETH usage 🔄 – How is weETH being used on-chain?
By analyzing these metrics, users can better understand liquidity trends, user adoption, and Swell's growing role in DeFi.
