Swell Network's liquid restaking protocol demonstrates robust early-stage growth, with 9,321 eth deposited by 115 unique depositors and 3,430 eth borrowed by 69 unique users. A single top wallet (0x1b648ade) dominates borrowing, accounting for 37% of total top 20 wallet borrows at 923.35 eth. The protocol shows significant transaction volatility, with deposit events peaking at 4,426 eth on 2025-01-29 and representing 47.5% of total transaction volume across borrow, withdraw, deposit, and repay events.