Swell Embraces OP Stack for Rollup Development Moving Away from Flat with Polygon CDK

Swell switches to OP Stack and abandons Polygon CDK
New Swell rollup aims to reduce costs on Ethereum
Swell receives donation from Optimism Foundation
The Swell protocol, known for its innovative solutions in the cryptocurrency market,
announced
Swell has recently made a significant shift in its development strategy. Choosing to move away from Polygon CDK, Swell will now join Optimism’s Superchain ecosystem, where it plans to launch an optimistic rollup utilizing OP Stack technology.
“As part of this strategic transition, Swell will move away from Polygon CDK, but will continue to believe in the aggregated ecosystem that Polygon is building,” the project highlighted. This change in direction is seen as an alignment with emerging trends and advanced technologies in the cryptocurrency space.
In collaboration with OP Labs, Swell will be one of several entities in the Superchain ecosystem, which also includes names like Coinbase’s Base, Kraken’s Ink, Zora, Mode, and SNAXchain. Development of this Layer 2 is ongoing, with a testnet expected to launch soon.
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Optimistic rollups, used by chains within the Superchain ecosystem, aim to reduce transaction costs for decentralized applications (DApps) using Ethereum as a foundation. This ecosystem is overseen by a DAO called the Optimism Collective.
Unlike previous plans, Swell’s OP chain will use ETH as the gas token, instead of rswETH (Swell’s repurposed ETH token). Additionally, a portion of the sequencer’s revenue will be allocated to the Optimism Collective, aligning with the contribution structure of other chains in the ecosystem.
Swell also expects to receive a significant grant from the Optimism Foundation for this migration to the OP Stack, a courtesy that has already been extended to other collaborations such as Kraken’s Ink.
Focusing on its Layer 2 innovation, Swell’s rollup distinguishes itself by adopting a restaking approach to increase security, a practice known as “proof of restaking.” “As the restaking yield layer, Swell will bring restaking yield and security to Superchain,” the project stated. This feature is part of Swell’s ongoing effort to expand its offerings within the Superchain ecosystem.
Swell currently maintains over $1,3 billion in total value locked in its products, reaffirming its position as a leading player in the cryptocurrency landscape.
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The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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Optimism (OP)