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    Swell Chain Deposits

    hexagon

    Flipside AI

    The Ethereum liquid restaking token (LRT) ecosystem demonstrates robust growth with 13 unique token contracts and an average of 13 daily active users, while Wrapped Ether dominates the market with 4,542 deposits representing 85% of total tracked activity. The ecosystem shows significant user stratification, with 462 minnow users (<$100) and only 8 mega whale users ($1M+), and a concentrated user base where 778 users hold a single token. Despite this early-stage market, the top address deposited $10.7M with 85 unique token interactions, indicating potential for future expansion and institutional interest in liquid restaking protocols.

    Depositing in Swell Chain is a straightforward and rewarding experience designed to maximize the benefits of Ethereum staking while maintaining liquidity. Here’s a closer look at the process, its benefits, and the key metrics covered in this dashboard

    Overview: Swell Chain, a part of Swell Network, offers users the opportunity to deposit Ethereum (ETH) and receive Swell ETH (swETH) in return. This swETH is a liquid staking token that allows users to earn staking rewards without locking up their funds. Swell Chain leverages advanced security measures and scalability solutions to provide a seamless and efficient staking experience.

    Benefits:

    1. Liquidity: With swETH, users retain liquidity, enabling them to participate in other DeFi activities while earning staking rewards.

    2. Restaking: Users can enhance their earnings by restaking through tokens like $rswETH, which also serves as the native gas token for Swell Layer 2.

    3. Cross-Chain Opportunities: Swell Chain bridges the gap between Bitcoin and Ethereum, allowing Bitcoin holders to earn yield within the Ethereum ecosystem.

    4. Security and Scalability: Utilizing Polygon’s Custom Development Kit, Swell Chain ensures reduced transaction costs and increased throughput, backed by partnerships with leading security firms.

    5. Governance: As a Decentralized Autonomous Organization (DAO), Swell Chain allows $SWELL token holders to participate in governance decisions, influencing the protocol's future direction.

    Key Metrics Covered:

    • LRTs Deposits and Withdrawals (log scale)

    • Share of Users by LRTs

    • Daily Deposits/Withdrawal Transactions

    • Daily Active Users by LRTs

    • LRTs Owners

    • Daily LRT Deposit & Withdrawal Transactions

    • Depositors

    • Withdrawers

    • Total Transactions

    • Token Contracts (LRTs) Deposited

    • Total Deposits

    • Total Withdrawals

    • User Deposit Frequency Tier

    • Users by Value

    • Users by Token Diversity

    • Deposit Analysis by Token Diversity and Value Tier

    • User Average Deposit Heatmap by Frequency and Value

    • User Deposit and Withdrawal Analysis

    These metrics provide a comprehensive view of user deposits, withdrawals, activity levels, token diversity, and more, helping to analyze user behavior and trends on the Swell Chain platform.

    Data Assumptions

    • Looked at all the Deposits and Withdrawals in the swell.core.ez_decoded_event_logs table.

    • Assumed the same price for all the 'ETH' assets using the price of "WETH" and assumes stablecoin 1:1 for non-ETH

    • veNFT value in USD was not added

    Estimated Value of Deposits and Withdrwals
    User Analysis(Depositors/Withdrawers)
    Deposit/Withdrawal Transaction Analysis
    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.