🚀 Swell's liquid staking protocol sees over $125 million of inflows in December Liquid staking protocol Swell has seen its total value locked double this month to 108,000 ether worth about $245 million. Since the start of December, Swell has recorded nearly $125 million in ETH deposits, elevating it to the fourth-largest liquid staking protocol. It currently ranks behind leading protocols such as Lido with 9 million ETH, Rocket Pool with 846,000 ETH, and Frax with 236,000 ETH, according to Dune data aggregated by Dragonfly analyst Hildobby. The surge in Swell inflows coincides with its team announcing "Pearl" rewards in the form of points for users who mint its liquid staking token, swETH, and also "restake" it on the EigenLayer platform.