Been following @swellnetworkio since day one, back when they were pioneering liquid staking before it was cool. They were early to the whole gamified points meta too. Black Pearls had folks strategizing like it was DeFi summer all over again. Fast forward to now and they’ve leveled up massively with Swellchain, their own OP Stack-based L2, and the focus is clear: maximize ETH yield without compromising on composability, liquidity, or infra-grade security. TL;DR: Swellchain isn’t trying to compete with the rest of the LRT crowd from the sidelines as they’ve built a full Proof of Restake chain to take the entire ETH yield stack on-chain and fully vertical. You’ve got Ethereum staking yield flowing into swETH, restaking that into rswETH for @EigenLayer exposure, and then layering DeFi strategies on top via LPs, vaults, and lending protocols like Euler and @tempest_fi. The result? 2 to 3x yield streams on the same base asset, compounded at L2 speeds and minimal gas costs. I’ve been running rswETH through the @eulerfinance market for weeks now, earning a base 2.8% lending APR, another 3.15% in rewards, plus farming wSWELL from the Wavedrop. And because Swellchain lives on the OP Superchain, all of this is natively composable with the broader OP ecosystem. You’re not boxed into a silo. TVL peaked around $350M during the early incentive waves and currently sits near $75M. Daily activity has stabilized around 50k tx per day, with 27k+ unique wallets bridged in. What makes this more than just another L2 is the underlying design. Their integration with EigenLayer and other AVSs gives rswETH real utility beyond points. It secures infrastructure while staying liquid for yield farming. PS: That dual utility is what makes this narrative different. And for builders? The modular stack means you can deploy yield strategies, vaults, or new primitives directly into a chain that already speaks the native LST/LRT language. swETH, rswETH, ezETH, weETH, sUSDe, earnETH, wstETH. They’re all supported and live. The Wavedrop has also shifted away from speculative points to direct wSWELL emissions, which is a cleaner incentive structure and gives real yield visibility. You can claim 35% upfront or vest over time. Classic trade-off between liquidity and long-term alignment. Actually...Swell’s doing what most protocols talk about but never ship. Full stack yield layers with native restaking infrastructure, deployed on a chain they control, secured by Ethereum, and built into the Superchain future. If you’ve been yield stacking on mainnet, you’ll feel the alpha compounding effect once you try doing it on Swellchain.