Launchpool event and others propels Swell 2000x Price Action?

The realm of decentralized finance (DeFi) has been buzzing with the rise of innovative solutions designed to optimize user experiences and maximize returns. One such mechanism, liquid staking, allows users to stake their assets while still receiving liquid tokens.

Leading platforms such as Lido Finance and Rocket Pool have pioneered this trend, enabling users to earn staking rewards without sacrificing liquidity. Entering this competitive landscape is Swell Network, which offers a fresh perspective.

Swell Network is making waves with its innovative protocols aimed at maximizing yield potential for stakeholders. Having secured $3.75 million in a seed funding round, Swell plans to launch its Ethereum layer-2 chain in the second half of 2024.

The network is also planning several events like the community campaign, Launchpool, PoolX etc with major centralized exchanges (CEXs) like Bitget and even premarket trading opportunities. The recent 2000x in the span of 3 days have made Swell a token to keep an eye on!

Do you think the combination of these events propelled its recent good price action?