Swell Launches New Feature To Increase Network Speed

Swell launches Rollup layer 2 (Doc; Photo. Gate)

JAKARTA Swell, a crypto staking platform, recently launched a layer-2 rollup solution that attracted public attention. For your information only, Rollup Layer 2 is a scaling solution for blockchain that aims to increase transaction speed and reduce network bottlenecks.

Swell in collaboration with AltLayer and EigenDA has produced a platform that increases scale and security in the restaking ecosystem. Swell's innovation doesn't stop there, they also integrate their liquid restaking token, RsWETH, as a means of payment for transactions on the network.

The SWELL governance token will play an important role in overseeing this new layer-2 operation, including sqTH and wWTH. This is a significant step forward in strengthening decentralized financial infrastructure.

According to Brick, a research analyst from Blockworks, Swell's move allows for a vertical expansion of capabilities and more efficient original integration for the LRT project. With Swell's Total Value Locked (TVL) of approximately $1.1 billion (around Rp. 17,127 trillion), the project is in a strong position to activate their new layer-2.

Ren Yu Kong, another analyst at Blockworks, added that Swell's strategy is similar to what Blast did last year. Swell is following in the footsteps of adopting a restaking, which offers additional results for stakeholders. This shows a growing trend where blockchain projects are trying to provide more value to their users.

Furthermore, Kong emphasizes that by building a restaked rollup, Swell can launch more specific products and Feature Rich. This includes a more rapid decentralized order service and transaction finality, which is a key aspect in improving efficiency and security in blockchain transactions.

On the other hand, Ether.fi, another growing restaking protocol, recently announced a Series A funding round of USD 23 million (approximately IDR 357,810 million), signaling significant growth in interest in restaking. This indicates that there is an increase in demand and trust in restoring solutions in the decentralized financial market.

This increase not only reflects investor confidence in Ether.fi, but also shows the huge potential of the restaking ecosystem as a whole. With this fresh fund, Ether.fi has the potential to further expand its reach and services, bringing innovations to a dynamic DeFi space.