[Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million] Golden Finance reported that Kairos Research released a research report on the non-custodial staking protocol Swell, which stated that as of the time of writing, Swell's total TVL has reached $2.1 billion (713,000 ETH). Of the $2.1 billion, 29.57% is in its liquidity pledge token swETH, 17.78% is in its liquidity re-pledge token rswETH, and the remaining 52.65% is in its L2 deposit contract. Among them, most of SwellL2 deposits are composed of Swell ecosystem tokens, such as rswETH, swETH, and the affiliated Pendle main token. In addition, Swell L2 also hosts millions of dollars worth of other LRT and its affiliated PT tokens through Pendle. If their total deposits of $1.1 billion are counted, they will rank sixth in terms of TVL, higher than famous L2s such as StarkNet, ZkSync Era, Manta, Linea, and the newly launched Mode Network. It is worth noting that most of Swell L2's deposits are allegedly made by one person, Justin Sun. The wallet, purportedly his own, deposited 120,000 EtherFi’s eETH into SwellL2, worth $376 million at the time of the transaction. Today, Justin Sun’s deposit accounts for about 30% of the entire Swell L2 TVL. After Justin Sun’s deposit, a number of other whales made seven- and eight-figure deposits, notably Wintermute, who deposited about $9 million of Renzo’s ezETH. Overall, Swell L2 TVL has grown an additional $360 million since Justin Sun’s alleged deposit.