Total Value Locked$22.9m
TVL by Chain
Ethereum$22.9m
Key Metrics
Fees 30d$13,885
Fees 30d by chain
Ethereum$13,885
Fees 7d$8,096
Ethereum$8,096
Fees 24h$0
Ethereum$0
Cumulative Fees$5.06m
Ethereum$5.06m
Revenue 30d$694.18
Revenue 30d by chain
Ethereum$694.18
Revenue 7d$405
Ethereum$405
Revenue 24h$0
Ethereum$0
Cumulative Revenue$252,922
Ethereum$252,922
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Protocol Information
rswETH is an ERC-20 Liquid Restaking Token that provides liquidity for users who are wanting to "restake" their ETH into restaking protocols such as EigenLayer without having their restaked ETH locked
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total validators fees and rewards from staked ETH.View code on GitHubRevenue: 5% staking rewards are charged by Swell Protocol Treasury.View code on GitHubHolders Revenue: No revenue share to SWELL token holders.View code on GitHubSwell Liquid Restaking history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jan 30, 2024 to Nov 12, 2026.
All-time high TVL: $500.4m on May 28, 2024. All-time low TVL: $2.68m on Jan 30, 2024.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $28.88m |
| Oct 15, 2026 | $27.98m |
| Oct 16, 2026 | $28.15m |
| Oct 17, 2026 | $27.91m |
| Oct 18, 2026 | $27.74m |
| Oct 19, 2026 | $27.83m |
| Oct 20, 2026 | $27.62m |
| Oct 21, 2026 | $28.2m |
| Oct 22, 2026 | $29.09m |
| Oct 23, 2026 | $28.99m |
| Oct 24, 2026 | $28.71m |
| Oct 25, 2026 | $28.51m |
| Oct 26, 2026 | $28.24m |
| Oct 27, 2026 | $28.14m |
| Oct 28, 2026 | $28.41m |
| Oct 29, 2026 | $28.52m |
| Oct 30, 2026 | $26.94m |
| Oct 31, 2026 | $27.19m |
| Nov 1, 2026 | $26.07m |
| Nov 2, 2026 | $26.15m |
| Nov 3, 2026 | $25.97m |
| Nov 4, 2026 | $26.17m |
| Nov 5, 2026 | $27.5m |
| Nov 6, 2026 | $25.39m |
| Nov 7, 2026 | $25.37m |
| Nov 8, 2026 | $25.22m |
| Nov 9, 2026 | $24.03m |
| Nov 10, 2026 | $23.9m |
| Nov 11, 2026 | $23m |
| Nov 12, 2026 | $23.05m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $200.7m |
| Jan 31, 2025 | $165m |
| Feb 28, 2025 | $109.04m |
| Mar 31, 2025 | $79.69m |
| Apr 30, 2025 | $74.33m |
| May 31, 2025 | $96.32m |
| Jun 30, 2025 | $92.08m |
| Jul 31, 2025 | $132.44m |
| Aug 31, 2025 | $98.88m |
| Sep 30, 2025 | $93.24m |
| Oct 31, 2025 | $76.82m |
| Nov 30, 2025 | $57.66m |
| Dec 31, 2025 | $55.67m |
| Jan 31, 2026 | $46.16m |
| Feb 28, 2026 | $32.65m |
| Mar 31, 2026 | $33.05m |
| Apr 30, 2026 | $32.7m |
| May 31, 2026 | $28.57m |
| Jun 30, 2026 | $20.11m |
| Jul 31, 2026 | $23.92m |
| Aug 31, 2026 | $29.39m |
| Sep 30, 2026 | $31.98m |
| Oct 31, 2026 | $27.19m |
| Nov 12, 2026 (latest) | $23.05m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $200.7m |
| Dec 31, 2025 | $55.67m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $411,721 | $20,587 | $0 |
| Jan 2025 | $822,452 | $41,123 | $0 |
| Feb 2025 | $313,679 | $15,683 | $0 |
| Mar 2025 | $359,033 | $17,953 | $0 |
| Apr 2025 | $136,395 | $6,819 | $0 |
| May 2025 | $271,436 | $13,572 | $0 |
| Jun 2025 | $281,256 | $14,063 | $0 |
| Jul 2025 | $330,540 | $16,528 | $0 |
| Aug 2025 | $483,361 | $24,167 | $0 |
| Sep 2025 | $290,649 | $14,533 | $0 |
| Oct 2025 | $263,045 | $13,152 | $0 |
| Nov 2025 | $189,480 | $9,475 | $0 |
| Dec 2025 | $158,952 | $7,947 | $0 |
| Jan 2026 | $142,253 | $7,114 | $0 |
| Feb 2026 | $75,928 | $3,797 | $0 |
| Mar 2026 | $90,405 | $4,520 | $0 |
| Apr 2026 | $76,779 | $3,837 | $0 |
| May 2026 | $67,022 | $3,352 | $0 |
| Jun 2026 | $53,278 | $2,663 | $0 |
| Jul 2026 | $41,333 | $2,067 | $0 |
| Aug 2026 | $27,562 | $1,380 | $0 |
| Sep 2026 | $152,702 | $7,637 | $0 |
| Oct 2026 | $10,985 | $548.18 | $0 |
| Nov 2026 (to date) | $8,096 | $405 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/swell-liquid-restaking
Frequently asked questions
What is Swell Liquid Restaking's TVL?
As of Nov 12, 2026, Swell Liquid Restaking has $22.9m in total value locked. TVL has decreased 18% over the past 30 days.
What chains does Swell Liquid Restaking operate on?
Swell Liquid Restaking operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Swell Liquid Restaking generated in fees and revenue?
Over the past 30 days, Swell Liquid Restaking generated $13,885 in fees. Of that, $694.18 was protocol revenue. Based on the trailing year, the annualized rate is $1.01m in fees and $50,351 in revenue.
How does Swell Liquid Restaking's TVL compare to similar protocols?
Among Liquid Restaking protocols tracked by DefiLlama, Swell Liquid Restaking ranks #4 by TVL. The category holds $987.24m across 27 protocols, and Swell Liquid Restaking accounts for 2.3% of that total. Similar protocols include Kelp, Renzo, Mantle Restaking, Bedrock uniETH, Mellow Restaking, Puffer Stake, InceptionLRT (Isolated Restaking), Eigenpie, King Protocol, and Neemo Finance.
How many yield pools does Swell Liquid Restaking have?
DefiLlama tracks 1 Swell Liquid Restaking yield pool with an average APY of 1.4%.