Swell Network (SWELL): Price, Market Cap, and Crypto Analysis

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Swell Network (SWELL) has emerged as a notable player in the evolving landscape of liquid restaking protocols and decentralized finance (DeFi). Built on the Ethereum blockchain and launched in July 2024, SWELL is designed to enhance capital efficiency for users participating in staking and restaking ecosystems. This comprehensive overview delves into the current price dynamics, market performance, technical indicators, and broader ecosystem developments shaping SWELL’s trajectory in 2025.

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 this short-term dip, SWELL continues to maintain active trading across **18 cryptocurrency exchanges**, with a 24-hour trading volume exceeding **$3.75 million. Over 438 million SWELL tokens were traded during this period, underscoring sustained market interest.

The 24-hour price range fluctuated between $0.00896 (high)** and **$0.00844 (low), while the 52-week range spans from $0.00704 to $51.21. Notably, SWELL reached an all-time high of $25.61 on November 7, 2024—just four months after its launch—highlighting early investor enthusiasm. However, the token has since experienced significant correction, with current levels sitting well below peak values.

👉 Discover how market trends could influence SWELL's next price movement.

Market Capitalization and Supply Overview

Swell Network currently holds a market cap of approximately $17 million**, ranking it around **#687** among global cryptocurrencies by market capitalization. This figure is based on a **circulating supply of 2 billion SWELL tokens**. If fully diluted using total supply, the market cap would rise to about **$85.5 million, indicating potential for future valuation growth depending on adoption and tokenomics.

SWELL is categorized within two key DeFi segments:

These rankings reflect its growing relevance in enabling users to stake ETH and receive liquid derivatives that can be further utilized across DeFi platforms.

Technical Analysis: Indicators and Trends

Technical indicators suggest a bearish short-term outlook for SWELL, with all major moving averages signaling sell conditions:

Despite neutral oscillator readings, all Simple and Exponential Moving Averages (SMA/EMA) from 10-day to 200-day are above the current price, reinforcing downward pressure. For example:

This positioning implies that any sustained recovery will require strong buying momentum to overcome resistance levels.

Additionally, volatility remains elevated:

High volatility suggests sharp price swings are common, typical for newer tokens in speculative markets.

Wealth Distribution and Holder Insights

A critical factor in assessing SWELL’s decentralization and risk profile is its wealth distribution. Data reveals a highly concentrated ownership structure:

This concentration raises concerns about centralization, especially if top holders decide to offload large positions. Some of these addresses may belong to exchanges or protocol treasuries, but transparency remains essential for long-term trust.

Total unique holders stand at 30,927, with over 303,893 token transfers recorded since launch. On-chain activity averages around 237 transactions per day, suggesting moderate but consistent engagement.

Recent Developments and Ecosystem Growth

Swell Network has made strategic moves to expand its ecosystem and visibility:

These upgrades position Swell as a forward-thinking protocol adapting to the rapidly evolving restaking landscape.

👉 Explore how Layer 2 innovations might impact SWELL’s utility and demand.

Historical Returns and Risk Metrics

Investor returns over recent periods have been negative, reflecting broader crypto market corrections:

The extreme drawdown indicates SWELL underwent a near-total retracement from its all-time high—a cautionary note for risk-sensitive investors.

Despite poor recent performance, the token shows signs of resilience with:

Frequently Asked Questions

What is the current price of Swell Network (SWELL)?

As of July 2, 2025, one SWELL token is priced at $0.00855, down 4.46% in the last 24 hours.

What was the highest price Swell Network ever reached?

SWELL hit an all-time high of $25.61 on November 7, 2024, shortly after its launch.

What is Swell Network’s market capitalization?

With a circulating supply of 2 billion tokens, SWELL’s market cap is approximately $17 million.

Where can I buy Swell Network (SWELL)?

SWELL is available on 18 exchanges, including Coinbase and Bithumb, and can be traded against various fiat and crypto pairs.

Is Swell Network a good investment?

While SWELL operates in the high-potential restaking sector, its high volatility and concentrated ownership suggest elevated risk. Investors should conduct thorough research before participating.

How does Swell Network compare to other restaking protocols?

Swell ranks #9 in the restaking category and #22 in liquid staking, indicating solid positioning despite fierce competition from larger protocols like EigenLayer and Renzo.

👉 Stay ahead with real-time data and tools to track SWELL’s performance.

Final Thoughts

Swell Network represents an ambitious effort to optimize yield generation through liquid restaking on Ethereum. While its price has retreated significantly from initial highs, ongoing infrastructure improvements—such as the OP Stack migration—and listings on top-tier exchanges provide foundational support for future growth.

For traders and investors, SWELL offers high-risk, high-reward exposure to next-generation DeFi innovation. As always, due diligence, portfolio diversification, and monitoring of on-chain metrics are crucial when engaging with emerging crypto assets.

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