Swell's swBTC TVL Surpasses $30 Million
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September 15, 2024
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On September 15th, according to Dune data, swBTC, the Bitcoin liquidity re-staking token launched by Swell, surpassed $30 million in TVL within 10 days of its launch, boasting over 560 unique holding addresses.
Currently, a significant supply of swBTC has been integrated into major DeFi protocols like Curve and Morpho, accounting for 8% of their respective liquidity pools. Furthermore, Swell is developing a Layer 2 solution, where users have already deposited 68% of the swBTC supply in anticipation of its launch.
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