BackSwell Shuts Down Ethereum L2 Chain Amidst Confusion Over Withdrawal Deadlines

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CryptoSlate24.06.2026Tech

Swell Shuts Down Ethereum L2 Chain Amidst Confusion Over Withdrawal Deadlines

L'essentiel

Swell, a liquid staking protocol, is shutting down its Ethereum Layer 2 chain (Swellchain) due to slower growth and cheaper Ethereum transactions, prompting users to bridge assets by June 23 to avoid potential unrecoverability.

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