According to BlockBeats, on September 15, according to Dune data, the Bitcoin liquidity re-staking token swBTC launched by Swell had a TVL of more than US$30 million within 10 days of its launch, with more than 560 independent holding addresses.

Currently, a large amount of swBTC supply has entered major DeFi protocols such as Curve and Morpho, accounting for 8%. In addition, Swell is developing L2, and users have deposited 68% of the swBTC supply waiting for its launch.