Swell Unveils Layer-2 Rollup for Restaking with $1B TVL

The new solution, developed with AltLayer and EigenLayer, aims to improve scalability and security.

Swell, a liquid staking protocol, has launched its own layer-2 rollup solution for restaking with a total value locked (TVL) of $1 billion, using Polygon's chain development kit (CDK).
The new layer-2 rollup, designed in collaboration with AltLayer and EigenLayer, aims to enhance scalability, security, and efficiency by incorporating Actively Validated Services (AVS) and achieving faster transaction finality.
Swell's layer-2 will feature its liquid restaked token, rswETH, as the native gas currency, alongside a governance token, SWELL, to oversee the new layer-2 and other Swell tokens.
The launch positions Swell to expand its offerings and integration across the value chain, leveraging its significant TVL to kickstart activity on the new layer-2.
Industry analysts compare Swell's move to previous initiatives by other projects, noting the growing interest in restaking solutions and the potential for more feature-rich rollups.