According to official news, Swell has announced that its re-pledge chain, Swellchain, is now online. Its goal is to build a scalable and decentralized rollup and protect the infrastructure through re-pledging.
In addition, 31,250,000 SWELL will be distributed to everyone who bridged and held assets on Swellchain in the first two weeks. Users need to complete the bridge before 12:00 (UTC) on December 31st in order to get their share.