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🧩 Swell has officially shut down its Ethereum Layer 2 chain. The protocol set a final bridge deadline of June 23 for users to move assets off the network. Users who missed the cutoff risk permanent loss of funds. Swell cited cheaper Ethereum mainnet fees and slower restaking growth as key reasons for the closure. The team is now shifting focus toward the Faro project. Another reminder that DeFi infrastructure can change fast — always watch bridge deadlines and protocol announcements closely. $ETH $OP #Ethereum #CryptoNews #MarketUpdate

🧩 Swell has officially shut down its Ethereum Layer 2 chain. The protocol set a final bridge deadline of June 23 for users to move assets off the network. Users who missed the cutoff risk permanent loss of funds. Swell cited cheaper Ethereum mainnet fees and slower restaking growth as key reasons for the closure. The team is now shifting focus toward the Faro project. Another reminder that DeFi infrastructure can change fast — always watch bridge deadlines and protocol announcements closely. $ETH $OP #Ethereum #CryptoNews #MarketUpdate

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