Activity is surging on Swellchain with over 3 million transactions in just 8 days.
Much of this is down to the popularity of Drift Pass by Intraverse, along with other newly launched protocols such as Orki Finance.
Keep reading for all the latest from the Swell ecosystem.
🌊⛓️ Swellchain Updates
Intraverse launches Kart Racers III
Kart Racers III is live on Swellchain, Taiko, and Apecoin.
3 chains. 70+ teams. $20K+ in rewards.
Join the race: http://play.intraverse.io
The Graph integration
Swellchain has joined the decentralized data layer powering web3.
Developers building on Swell can now query blockchain data using Subgraph Studio, powering everything from onchain coordination to AI-enabled dapps.
wstETH is now on Swellchain
Bridge your wstETH to Swellchain using Superbridge, and continue earning staking rewards while exploring onchain DeFi opportunities through the Swell Portfolio.
Orki Finance is live on Swellchain
Orki is a permissionless credit and stablecoin protocol built on Swellchain using Liquity V2’s battle-tested architecture.
As Swellchain’s native stablecoin, $USDK – backed by yield-generating assets like swETH and rswETH – represents a significant advancement in how users can interact with their staked assets through Orki.
Swellchain Joins Radius’ Alpha Engine
Swellchain is one of the first rollups joining Alpha Engine, a modular growth platform combining three key primitives: MEV revenue, shared security, and cross-rollup interoperability.
Radius Secure Block Building (SBB) will protect Swellchain users against frontrunning and capture sustainable MEV revenue.
The Relend Mechanism is live on Swellchain
Borrowing demand on Swellchain now generate additional yield for USDC depositors in the Morpho Relend vault.
🏗️ Swell City Buildathon winners
From automated gas fee redistribution to AI-powered asset management and ecosystem analytics, an incredible group of builders came together during our first Buildathon on TAIKAI to shape the future of restaking, AI, and DeFi with Swell.
Check out the winners of the Swell City Buildathon
🌴 Swell Beach Club
Join us every Thursday 1pm UTC in the Swell Discord to take part in Game Nights.
Whether you’re a gamer, casual Swell surfer, or just here for the vibes, join us and battle it out to earn a share of SWELL rewards.
📟 Announcing Forse Analytics for Swell
Forse is now proudly powering analytics and intelligence for Swell’s Wavedrop Rewards Campaign distributed via Merkl.
Forse are building actionable insights and in-depth impact analyses to enhance transparency, track incentive effectiveness, and showcase value across Swell’s growth trajectory.
Learn more about Forse’s approach and objectives
🎙️Events
Orki Launches on Swellchain | Space
We were joined by Sam from Liquity, and Bio from Orki, to celebrate the launch of Orki on Swellchain, as well as explore some of the opportunities available with $USDK – Swellchain’s native stablecoin.
💧 Liquidity
Dynamic Boosted Strategy on Hermes
Deposit Arbitrum WETH and Swellchain WETH into Herme’s new Dynamic Boosted Strategy, powered by TALOS.
Deposit liquidity in the WETH/WETH Pool
📣 Top Tweets
Transaction count on Swellchain continues to hit new highs
Dora explores how Swell’s swBTC Vault reflects Gauntlet’s multi network view on how to optimize restaked BTC without overexposure.
Join the Swell Community
Expect to receive your next edition of the Swell Deep Dive in three weeks.
Until then, stay up to date by joining us in Discord and following us on Farcaster, Twitter and DeBank.