Swell Network (SWELL) is an emerging cryptocurrency project built on the Ethereum blockchain, launched in July 2024. As a liquid restaking protocol, SWELL has quickly gained attention in the decentralized finance (DeFi) space due to its innovative approach to yield optimization and blockchain scalability. This comprehensive overview provides real-time price data, technical analysis, market performance, and key insights into the SWELL ecosystem.
Current Price and Market Performance
As of today, the live price of Swell Network (SWELL) stands at $0.00855, reflecting a -4.46% decline over the past 24 hours. Despite short-term volatility, SWELL continues to maintain active trading volume and exchange presence.
- 24-hour trading volume: $3,751,831
- Circulating supply: 2 billion SWELL
- Market capitalization: $17 million (ranked #687 globally)
- Fully diluted valuation (FDV): $85.5 million
SWELL is currently listed on 18 cryptocurrency exchanges, with significant liquidity and trading activity across multiple platforms. The 24-hour trading range fluctuated between $0.00896 (high)** and **$0.00704 (low), indicating moderate intraday volatility.
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Historical Price Movement and Key Milestones
Swell Network reached its all-time high (ATH) of **$25.61** on November 7, 2024 — just months after launch — showcasing strong initial market confidence. However, since then, the token has undergone a significant correction, with prices stabilizing in the sub-$0.01 range by mid-2025.
- 52-week price range: $0.00704 – $51.21
- Current price vs. ATH: Down approximately 99.97%
- Recovery from recent low: Up 21.54% from $0.007037
Despite the steep drawdown, SWELL has shown resilience in maintaining holder interest and exchange listings, including notable platforms such as Bithumb and Coinbase, both of which announced official support for SWELL trading in early 2025.
Technical Analysis: Indicators and Trends
Technical indicators for SWELL suggest a bearish short-term outlook, with multiple moving averages signaling sell pressure.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 48.79 | Neutral |
| CCI (20) | -21.49 | Neutral |
| ADX (14) | 43.76 | Strong trend |
| Williams %R | -59.32 | Neutral |
Moving Averages – Bearish Consensus
All major simple and exponential moving averages (SMA/EMA) are positioned above the current price, reinforcing downward momentum:
- SMA 50: $0.0100
- EMA 100: $0.0111
- SMA 200: $0.0150
With every moving average generating a sell signal, traders should anticipate continued resistance in the $0.009–$0.010 zone unless strong bullish catalysts emerge.
Market Position and Category Rankings
Swell Network holds strategic positions within niche DeFi sectors:
- #22 in Liquid Staking
- #9 in Restaking Protocols
These rankings highlight SWELL’s relevance in the growing restaking economy — a sector focused on maximizing returns by reusing staked assets across multiple protocols. Compared to other projects launched in 2024, SWELL boasts above-average trading volume, averaging around **$4 million daily**, while the average for peers is approximately $1 million.
Wealth Distribution and Holder Insights
One critical factor influencing long-term price stability is wealth distribution. For SWELL, concentration remains high:
- Top 10 wallets hold 90.59% of total supply
- Top 100 wallets control 99.37%
- Total unique holders: 30,927
While some top addresses may represent exchange-controlled wallets, such high centralization poses potential risks for market manipulation or sudden sell-offs. Investors should monitor whale movements closely.
Blockchain Activity and Transaction Trends
Since its launch on July 19, 2024, SWELL has recorded:
- 303,893 token transfers
- 114 transactions in the last 24 hours
- Average of 4.75 transactions per hour
Though transaction volume remains relatively low compared to major DeFi tokens, the consistent activity suggests ongoing engagement within the ecosystem.
Return on Investment and Volatility Metrics
Investors evaluating SWELL must consider its high-risk, high-volatility profile:
| Metric | Value |
|---|---|
| ROI (3-month) | -11.05% |
| ROI (6-month) | -74.92% |
| Volatility (3-month) | 69.34% |
| Volatility (6-month) | 101.39% |
| Max drawdown | -99.99% |
| Winning trading days | 43.78% |
With extreme volatility and negative returns over recent periods, SWELL remains a speculative asset suitable primarily for risk-tolerant investors.
Frequently Asked Questions
What is the current price of Swell Network (SWELL)?
The current price of SWELL is $0.00855, down by -4.46% over the past 24 hours.
What was the highest price Swell Network ever reached?
SWELL hit its all-time high of $25.61 on November 7, 2024, shortly after its launch.
Where can I buy Swell Network (SWELL)?
SWELL is available on 18 exchanges, including major platforms like Coinbase and Bithumb, where it's traded against KRW and other fiat/crypto pairs.
What is Swell Network’s market cap?
The current market capitalization is $17 million, based on a circulating supply of 2 billion tokens.
Is Swell Network a good investment?
Given its high volatility (-74.92% ROI over six months) and concentrated ownership, SWELL is considered a high-risk investment. It may appeal to traders seeking exposure to emerging DeFi and restaking innovations.
How does SWELL compare to other restaking protocols?
SWELL ranks #9 among restaking projects and #22 in liquid staking, indicating moderate adoption within its niche despite price declines.
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This updated analysis reflects the state of Swell Network as of mid-2025, offering traders, investors, and DeFi enthusiasts a clear understanding of its performance, risks, and potential within the evolving blockchain landscape.