Tron’s Justin Sun dominates liquid restaking protocol

Justin Sun’s Impact on Swell L2

Justin Sun, the Tron founder, has made a significant impact on the DeFi space with his recent deposit activity. Sun deposited 120,000 eETH into the Swell L2 liquid restaking protocol, representing 46% of all deposits into the platform. This injection of capital has solidified Sun’s position as a key player in Swell L2 and has raised questions about the platform’s decentralization and governance.

Justin Sun’s Involvement in Ethereum-Based Cryptocurrencies

Justin Sun has shown a strong interest in Ethereum-based cryptocurrencies, engaging in large-scale transactions involving assets like ETH and SHIB. In a recent transaction, Sun transferred approximately $376 million worth of eETH into Swell L2, further showcasing his commitment to the platform. Sun’s involvement in staking and restaking platforms reflects his belief in their potential to attract global attention and drive revenue growth for businesses and institutions.

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