Coin overview
SWELL
Ended--
Last price (USDT)
174.63K
24h total (USDT)
435.65K
Total vol (USDT)
2024-07-31 10:00:00 ~ 2024-11-07 09:30:00
Trading time (UTC+0)
2024-11-07 14:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Swell Network is a non-custodial, liquid ETH staking protocol built for stakers, node operators, and the Ethereum ecosystem. Users can stake ETH to receive swETH and earn DeFi yields. SWELL total supply: 10 billion tokens
SWELL surged briefly to $0.065, with a 24-hour increase of 43.2%.
According to market data, SWELL briefly surged past $0.065, currently quoted at $0.063, with a 24-hour increase of 43.2%. The market value is temporarily reported as $8.273 million, and the FDV is temporarily reported as $635 million.
Today's Must-Read | Twitter Featured Views [November 8th]
1.Zoomer Oracle: $SMILE Potential Analysis Trading viewpoint: Project Background: $SMILE is a stablecoin lending protocol based on Bitcoin, similar to the "Asian version of MakerDAO". It has now been launched on Bybit and coincides with Bitcoin's new historical high. Market timing: Trump's election brought bullish market sentiment, and DeFi projects also saw a general rise. Project features: $SMILE is an Asian project with a total supply of 210 million, a circulating market value of about 12 million US dollars, and an FDV of about 88 million US dollars. Bullish factors: BTC ecosystem drive (especially after BTC ATH), DeFi track, new currencies, lower FDV, and have not yet attracted widespread market attention. Latent risk: liquidity issues, similar to the challenges of most recent new projects. Investment strategy: hold small positions, expect to hold in the medium term, and sell when the BTC ecosystem reflects this upward trend. See the original text: https://x.com/ZoomerOracle/status/1854183282642223597 2.Second, Lao Bai: BTC/KRW hit a new high, focusing on the potential of $MEW Trading viewpoint: BTC/KRW broke through historical highs, attracting widespread market attention. Against this backdrop, $MEW, as the only cat token traded on Upbit with Korean Won (KRW) besides Doge and Shib, has unique scarcity. $MEW has broken through a long accumulation period and is currently retesting historical highs. Although it has not experienced several times the increase of other meme coins, it has potential. In terms of trading volume, $MEW has ranked in the top 20 and top 8 on Upbit and Bithumb. If it enters the top 2 again, the expected price may be repriced to 0.02 dollars - 0.03 dollars. See the original text: https://x.com/resdegen/status/1854592075695784049 3.Unipcs: Optimistic about the future trend of $FLOKI Trading viewpoint: $FLOKI is one of the memecoins I am most optimistic about this cycle. Historical Performance: The fourth quarter usually performs well for FLOKI. In November 2021, it reached a historical high in the previous cycle. Catalyst: The highly anticipated Valhalla Metaverse game will be launched on the 28th of this month, which may become the driving force for FLOKI's next big trend. See the original text: https://x.com/theunipcs/status/1854559312967823771 4.Mr. Pips: $SWELL Investment Perspective Transaction reason: ETH is in good condition, especially the performance of ETH beta, especially Eigen as an emerging beta project in the market. SWELL has a market capitalization of $44 million and a fully diluted market capitalization (FDV) of $345 million, with a token economy model similar to recent listings such as Deep, Carv, and Grass. The project supports perpetual contracts. The airdrop effect was not good, and the airdrop farmers did not sell as expected, resulting in a low market circulation supply. The airdrop was launched 12 hours ago, and the market impact was relatively small. Forecast: Under current market conditions, $SWELL is expected to easily triple to a market cap of $132 million and FDV of $1.03 billion. See the original text: https://x.com/mrpipsphd/status/1854721275786383815 5.Bit into: secondary positioning allocation strategy Trading view Heavy positions in currencies: Coins suitable for heavy positions are generally listed on top exchanges, have been deposited in the secondary market for more than 6 months, have a continuous bottom absorption for 3 months, and are fully circulated. Example: MEW, MYRO, BOME, TAO, ORDI, SATS, RATS, METIS, ARKM, APE. Zhongcang Currency: Having a record of listing with more than 3 major firms, the secondary market has been settled for about 6 months, and there are signs of institutional investors absorbing funds at the bottom. Example: PEPECOIN, NEIRO, 1000cat, PIZZA, DOG, DYM, STRK, SAGA, SKL, MANTA, MERL, ELON, PIXEL, YGG, PORTAL, BIGTIME, WLD, TIA, TRU, MASK, ETHFI, ENS. Note: This type of currency may not be suitable for heavy positions and needs to be determined after in-depth research. Light position currency: Coins suitable for light positions are generally listed on several small exchanges, with low market value, poor liquidity, and low market attention. However, there is a correction in the secondary market for more than six months. Example: ETHS, ATOMARC, QUARK, MSN, BILLY, APU, SILLY, TROLL, SEAL, PANDORA. Ant Warehouse Currency: Mainly on-chain coins, with good narrative and popularity, after about a month of adjustment. Example: TERMINUS, DOGGO, MOODENG, KHEOWZOO, PNUT, BAN, ACT, GOAT. Summary of viewpoint: The tenfold return on the secondary market is still worth paying attention to. Maintain a "slow is fast" mentality in investment strategy. See the original text: https://x.com/roger73005305/status/1854683988209840540 6.Mr. Pips: $SWELL Investment Perspectives Transaction reason: ETH is in good condition, especially the performance of ETH beta, especially Eigen as an emerging beta project in the market. SWELL has a market cap of $44 million and a fully diluted market cap (FDV) of $345 million, with a token economy model similar to recent listings such as Deep, Carv, and Grass. The project supports perpetual contracts. The airdrop effect was not good, and the airdrop farmers did not sell as expected, resulting in a low market circulation supply. The airdrop was launched 12 hours ago, and the market impact was relatively small. Forecast: Under current market conditions, $SWELL is expected to easily triple to a market cap of $132 million and FDV of $1.03 billion. See the original text: https://x.com/mrpipsphd/status/1854721275786383815 7.Lao Bai: PayFI, AI Agent, Meme - Overview of the new main line of this round Core viewpoint: The market trend of this round is gradually becoming clear, and it is expected to revolve around the following three tracks. PayFI - Achieving Real-World Connectivity The PayFI project has been active recently, and Stripe's acquisition of Bridge for $11.10 billion is a landmark event. PayPal's PYUSD publishing volume has exceeded $500 million, Visa and Mastercard's supply chain finance solution, Osmosis, scrvUSD, and others are also exploring Crypto Debit cards. The encrypted payment system solves the problem of low efficiency in traditional payments and can meet real user requests. PayFI may be the key track for Web3 to achieve mass popularity. AI Agent - Enhanced On-Chain Experience Unlike traditional concepts such as "model assetization", AI Agents have unique innovations in Crypto, such as AI asset issuance, AI ShitPost, and AI Agent DAO in the $GOAT project. This is a new field that Web2 cannot achieve and Web3 cannot complete alone. It is currently regarded as the most promising combination of AI and Crypto. Meme - on-chain casino, the core of the PVP track Pump.Fun opened Meme's Market Positioning. The Meme project acknowledges the PvP nature of the Crypto community, which is a way to satisfy entertainment and gaming. However, the Meme track is not the entire industry. When more valuable tracks emerge, it will return to its supporting role. In the future, Meme may become a barometer and market activity signal in bull and bear cycles. See also: https://x.com/Wuhuoqiu/status/1854379439666454745
Another Restaking track project will airdrop tonight. Is there still a chance to participate in Swell?
Original | Odaily Planet Daily ( @OdailyChina ) Author | Asher ( @Asher_0210 ) Yesterday, Ethereum re-staking protocol Swell Network announced on the X platform that its token SWELL will be available for claiming at 17:00 Beijing time on November 7 (claim link: https://app.swellnetwork.io/dao/voyage ). Tokens can be claimed within 6 months after the claim is opened, and unclaimed tokens will be returned to the DAO for future plans. And SWELL tokens will be listed on major centralized exchanges at 18:00 . According to official information, SWELL will be listed on centralized exchanges such as Kucoin , Huobi HTX , Bitget , Bybit , and MEXC . Next, Odaily Planet Daily will take you to quickly understand the Ethereum re-staking protocol Swell Network, its token economic model, and how to participate in the second season airdrop event. Project Introduction Image source: Official Twitter Swell is a non-custodial liquidity staking protocol that is committed to providing the worlds best liquidity staking experience, simplifying access to DeFi, while ensuring the future security of Ethereum. It leverages a diversified AVS and a rich ecosystem of innovative applications (including Ion, Brahma, Ambient, etc.) to achieve re-staking upgrades. Through Swell, users can earn passive income by staking ETH, earn blockchain rewards, and receive a yield-generating liquidity staking token (LST) to hold or participate in the broader DeFi ecosystem to earn additional income. It is worth mentioning that Swell L2 is migrating to the Optimism Superchain . This move will allow Swell L2 to join the Superchain as an Optimistic Rollup built on the OP Stack. According to ROOTDATA data , in March 2022, Swell Network announced the completion of a US$3.75 million seed round of financing, led by Framework Ventures, with participation from IOSG Ventures, Apollo Capital, Maven 11, angel investor Mark Cuban, Synthetix co-founder Kain Warwick and Jordan Momtazi, Balancer founder Fernando Martinelli, Ryan Sean Adams, Bankless co-founder David Hoffman, Ren Protocol co-founder Loong Wang and Mask Network founder Suji Yan. Token Economic Model According to official documents, the total supply of Swell Network token SWELL is 10,000,000,000 , and the TGE supply accounts for 13% of the total, which is 1,300,000,000 . The specific distribution ratio is as follows: Community: 3,500,000,000 SWELL, accounting for 35% of the total supply, mainly including three parts. First, Voyage (first quarter airdrop activity), accounting for 8% of the total supply; second, Wavedrops (second quarter airdrop activity), accounting for 7% of the total supply; third, the launch pool, 135,530,000 SWELL will be used for the launch fund pool and marketing to support the listing and issuance of SWELL on the exchange, and the remaining tokens will be used for strategic purposes related to the community, ecosystem and strategic incentives; Team: 2,500,000,000 SWELL, accounting for 25% of the total supply, allocated to current and future core contributors and advisors of Swell DAO. This portion of tokens will be locked for 12 months after TGE and unlocked linearly over the next 36 months; Early fundraising: 2,500,000,000 SWELL, accounting for 25% of the total supply, allocated to private investors who provide funding, expertise and other support in the early stages of Swell protocol development. This portion of tokens will be locked for 12 months after TGE and unlocked linearly over the next 30 months; Foundation: 1,500,000,000 SWELL, 15% of the total supply, reserved for strategic initiatives aligned with Swell’s overall vision and mission, including L2 expansion, product development, ecosystem growth, resource allocation, network expansion, and Swell’s long-term growth and sustainability positioning. 8.5% of the supply is allocated to the Voyage airdrop, 7% of the total supply will be distributed linearly based on the White Pearls accumulated by each Voyager, and an additional 1.5% will be distributed to the most loyal stakeholders based on their loyalty bonus method. The rSWELL contract is: 0x358d94b5b2F147D741088803d932Acb566acB7B6; The SWELL contract is: 0x0a6E7Ba5042B38349e437ec6Db6214AEC7B35676. Wavedrops Season 2 Swell Network’s first season token airdrop event Voyage completed the snapshot and ended on July 30, but the second season token airdrop event Wavedrops was launched immediately afterwards (project official website: https://www.swellnetwork.io/ ). In the Wavedrops event, every 10 weeks is a cycle, and users can obtain Black Pearls through staking. After each cycle, they can exchange the obtained Black Pearl shares for SWELL tokens. According to official information, in order to reward early users, the first wave cycle will allocate 2% of the total supply , the second and third wave cycles will each allocate 1.5% of the total supply , and the subsequent wave cycles will only allocate 1% of the total supply . At the same time, there will be bonuses for continuous participation in multiple wave cycles, and the specific bonus coefficients are as follows: The relationship between the number of wave cycles involved and the bonus OTC Trading Quotes According to AEVO pre-market trading data, the price of SWELL has continued to fall since the opening, and is currently trading at $0.0443. Affected by the upcoming token airdrop, the 24- hour price increase is 22.48%, and the 24 -hour transaction volume is approximately $3.7 million. SWELL trading data on the AEVO platform
Today's Top 5 Gainers: SWELL has increased by 1,074.43% in the last 24 hours
Bitget market data, today's top 5 tokens in terms of increase are SWELL, PNUT, GODL, ZZZZ, SXCH. Specifically: SWELL has increased by 1,074.43% in the last 24 hours and is currently priced at $0.035233; PNUT has increased by 951.00% in the last 24 hours and is currently priced at $0.1051; GODL has increased by 209.13% in the last 24 hours and is currently priced at $0.009274; ZZZZ has increased by 143.42% in the last 24 hours and is currently priced at $0.02091; SXCH has increased by 135.66% in the last 24 hours and is currently priced at $0.0337.
Proof of Restake: The Pioneering Mechanism Underpinning Swell L2
Swell L2, the restaking yield layer, is scaled and decentralized with infrastructure secured by restaking. This will enable the network to overcome the key challenges faced by existing L2s — including scarce liquidity, centralization, and lack of native yield — to drive value creation to new heights. At the core of this network architecture is a pioneering new mechanism: Proof of Restake. Introducing Proof of Restake (PoR) Swell’s Proof of Restake is designed to maximize the utility of staked assets within and beyond Swell’s L2 ecosystem. The mechanism will use liquid restaked assets to secure the infrastructure providing key services to the rollup, which in turn secure the chain. This maximises the utility and capital efficiency yield of staked assets, makes the community of users direct recipients of the value created on-chain, and sets a flywheel in motion which drives network growth, enhances security, and expands liquidity throughout the ecosystem. Proof of Restake in motion Swell L2 will integrate PoR to create a vertically aligned and secure ecosystem, in which staked assets are efficiently reused across multiple layers and chains, and the incentives of all network participants — including validators, node operators, builders, and users — are pulled into alignment. The Proof of Restake flywheel boosts security, deepens liquidity, and rewards participants. 1. Stakers deposit assets Assets staked in Swell are tokenized into liquid restaked tokens (LRTs). These tokens accrue staking rewards while remaining liquid for deployment across infrastructure services, DeFi applications, and cross-chain protocols. Thus stakers can simultaneously secure Swell’s infrastructure while still being able to participate in the ecosystem. 2. On-chain activity drives revenue for network infrastructure and services Restaked assets secure key infrastructure services within the Swell L2 ecosystem, including the validators, relayers, node operators and sequencers that maintain the integrity and functionality of the network. In turn, these services support the network and charge fees. 3. Yield accrues to Swell assets Revenue generated by chain-specific AVS infrastructure on Swell L2 — through transaction fees, sequencer fees, and more — cascades down the stack to become native restaking yield for holders of Swell assets. 4. Liquidity deepens and security increases As more assets are deposited and activity on the network builds, dApps benefit from boosted crypto economic security and deeper liquidity — creating a better environment for DeFi and attracting more builders and users. The restaking yield layer stack Why Proof of Restake? Integrating PoR will give Swell L2 the characteristics needed to overcome the problems faced by existing L2s, and deliver the best experience for builders, node operators, and users. Modularity With each network function fulfilled by modular and interchangeable AVS and networks, Swell L2 core infrastructure can be adapted and upgraded — making the network lean, agile, and progressively more decentralized and performant over time. Ethereum alignment Restaked assets are used to secure key infrastructure components within the network, ensuring that it remains rooted firmly in the security of Ethereum. This helps avoid the multitude of issues — including censorship, single points of failure, and downtime — that stem from the use of centralized infrastructure such as sequencers. Maximal asset productivity Proof of Restake makes Swell L2 users direct recipients of the value their activity creates. Revenue generated by activity on the network — through transaction fees, sequencer fees, and more — cascades down the stack to become native restaking yield for holders of Swell assets. In this way, PoR empowers users to maximize their asset productivity while still contributing to the long-term growth and sustainability of the network. More DeFi innovation Building on liquid restaked assets enables dApps to access new liquidity sources that would otherwise be locked in traditional staking mechanisms. In addition, dApps on Swell L2 can innovate by plugging into infrastructure services — including Zk-coprocessors, decentralized automation, and security protocols — that enable new possibilities for innovation outside the constraints of the EVM, but still firmly rooted in the security of Ethereum. Beyond Swell L2 Scaling blockspace by parallelizing the creation of block value to specialized networks secured by a shared set of Swell assets. Rollups are currently developing in groups or clusters based on shared parts of their stack. Proof of Restake enables a new approach in which these interconnected rollups can inherit the security of other chains in the broader network. Blockspace is scaled by delegating consensus to Ethereum and parallelizing the creation of block value to specialized networks secured by a shared set of Swell assets. This lowers the barrier to entry for new chains, with each new specialized rollup joining a system of rollups secured by the same set of robust assets, serviced for sequencing, verification and finality needs by a shared decentralized infrastructure set, and benefiting from pooled native restaking yield. In this way, Proof of Restake enables the propagation of a collective of rollups positioned at the leading edge of Ethereum scalability. Stay tuned for more news on the upcoming launch of Swell L2!
SWELL Opens at $0.05, Bitget Launchpool Now Open for Playing
According to Bitget, SWELL opened at $0.05 and is now trading at $0.03. Bitget's current Launchpool project, Swell (SWELL), is now open for play, with a total pool of 19.5 million SWELLs. The lockup will be open from November 7 at 18:00 - November 14, 2024 at 18:00 (UTC+8). November 7, 18:00 - November 14, 2024, 18:00 (UTC+8). BGB Locked Pool: Pledge range for regular users: 5-20,000 BGBs. Pledge range for VIP users: 5-50,000 BGBs. Total prize pool: 16 million SWELLs. USDT Locked Pool (for new users): Pledge range: 5-2,000 USDT Total prize pool: 3.5 million SWELL
SWELLUSDT now launched for futures trading and trading bots
Bitget has launched SWELLUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on November 7, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. SWELLUSDT-M perpetual futures: Parameters Details Listing time November 7, 2024 19:00 (UTC+8) Underlying asset SWELL Settlement asset USDT Tick size 0.00001 Maximum leverage 20x Funding fee settlement frequency Every eight hours Trading time 7*24 Depending on market risk conditions, Bitget may adjust the parameters from time to time, which may include the tick size, maximum leverage, and maintenance margin rate. [Futures] Bitget’s futures include: USDT-Ⓜ️ Futures, Coin-Ⓜ️ Futures and USDC-Ⓜ️ Futures. USDT-Ⓜ️ Futures - Trade using USDT for all pairs. You can choose USDT to trade multiple currency pairs at the same time, in which multiple futures share the same account equity, profit, loss and risks. Thank you for your support and attention to Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Swell Network Has Opened SWELL Token Airdrop Claims
On November 7, according to official news, repledge protocol Swell Network announced that SWELL token airdrop claims are now open.
Swell Network Opens Token Claims
On November 7, Swell, an ethereum pledge project, posted that SWELL pickups are now open, and that picking up airdrop rSWELL earns Black Pearls (10x) and Symbiosis Points, and that depositing into the Swell L2 pre-release earns Ecosystem Points (15x) faster than other assets.
Swell Network Open Token Claim
Swell, an Ethereum staking project, announced that SWELL claiming has been opened. Claiming the airdrop rSWELL can earn Black Pearls (10 times) and symbiosis points. Depositing it into Swell L2 pre-release version can earn ecosystem points faster than other assets (15 times).
Join Bitget x Swell Community Campaign Now to Win Your Share of 140,000 SWELL!
Bitget announced that SWELL/USDT is listing on Bitget! In order to show our warm welcome, we have set aside a reward pool of 140,000 SWELL for our special new joins during this period. Participate in the event and join Bitget now to receive your exclusive token airdrop. So, what are you waiting for? Join today! Campaign Period: 7th November, 10:00 – 17th November, 10:00 (UTC) How to participate: Sign up, download Bitget APP and complete KYC Join both Bitget Discord and BGB Holders Group Complete a SWELL/USDT deposit or spot trade of any amount 🎁 Bonus: 300 qualified users will be randomly selected to equally share the campaign pool! Terms and conditions: The campaign is only open for new Bitget APP users who have registered and downloaded through the specified link and not open for affiliates. Users must register before downloading. Rewards are limited to 300 winners. Campaign rewards can not be received at the same time as other platform campaigns. Rewards will be distributed within 7 working days after the campaign completion. Any mischievous behavior is strictly prohibited. Bitget has the right to revoke the participants' right to receive rewards. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Swell: Total token supply 10 billion, 8.5% allocated to Voyage airdrop
Golden Finance reported that the re-staking protocol Swell Network announced that SWELL claims will be open at 17:00 on November 7, and announced the SWELL token economic model. The total supply of SWELL is 10 billion, and the initial circulation supply is 13%. 35% of SWELL is allocated to the community: 8.5% of the supply is allocated to the Voyage airdrop, 7% of the total supply will be linearly distributed according to the white pearls accumulated by each Voyager, and another 1.5% will be allocated to the most loyal stakeholders according to its loyalty bonus method. The claim can be claimed within a maximum of 6 months after the claim is opened, after which unclaimed tokens will be returned to the DAO for future plans. Users can re-stake SWELL (rSWELL) after claiming the SWELL airdrop. In addition, 25% is allocated to the team, 25% to investors, and 15% to the foundation.
Bitget will launch the Launchpool project Swell, lock BGB or USDT to earn 19.5 million SWELL
According to the official announcement, Bitget is about to launch the Launchpool project Swell (SWELL), with a total prize pool of 19.5 million SWELL. The lock-up opening time is from November 7th at 18:00 until November 14th, 2024 at 18:00 (UTC+8). This round of Launchpool opens two lock-up pools, details are as follows: BGB Lock-up Pool Staking range for regular users: 5-20,000 BGB Staking range for VIP users: 5-50,000 BGB Total prize pool:16 million SWELL USDT Lock-up Pool (Exclusive for new users) Staking range:5-2,000 USDT Total prize pool:3.5 million SWELL In addition, Bitget PoolX and CandyBomb will also simultaneously launch Swell(SWELL), stake SWELL or complete deposit transaction tasks to earn more SWELL.
[Initial Listing] Bitget Will List Swell (SWELL). Come and grab a share of 23,440,000 SWELL!
We are thrilled to announce that Swell (SWELL) will be listed in the Innovation and LSD Zone. Check out the details below: Deposit Available: Opened Trading Available: 7 November 2024, 10:00 (UTC) Withdrawal Available: 8 November 2024, 11:00 (UTC) Spot Trading Link: SWELL/USDT Activity 1: Launchpool — Lock BGB and USDT to share 19,500,000 SWELL Locking period: 7 November 2024, 10:00 – 14 November 2024, 10:00 (UTC) Lock Now Total SWELL Campaign Pool 19,500,000 SWELL BGB Campaign Pool 16,000,000 SWELL USDT Campaign Pool 3,500,000 SWELL Activity 2: PoolX — Lock SWELL to share 1,800,000 SWELL Locking period: 7 November 2024, 10:00 – 17 November 2024, 10:00 (UTC) Pre-locking start time: 5 November 2024, 10:00 (UTC) Lock Now Locking pool Total SWELL Campaign Pool 1,800,000 SWELL Maximum SWELL locking limit 1,700,000 SWELL Minimum SWELL locking limit 170 SWELL SWELL pool airdrop per user = user's locked SWELL ÷ total locked SWELL of all eligible participants × corresponding pool. Activity 3: CandyBomb – Deposit and Trade to share 2,000,000 SWELL Promotion period: 7 November 2024, 10:00 –14 November 2024, 10:00 (UTC) CandyBomb Promotion details: Total SWELL Campaign Pool 2,000,000 SWELL SWELL net deposit campaign pool 1,000,000 SWELL Futures trading pool*new futures user only 1,000,000 SWELL Activity 4: Community Giveaway: Win Your Share of 140,000 SWELL Campaign Date： 7 November 2024, 10:00 – 17 November 2024, 10:00 (UTC) How to participate: 1. Sign up, download Bitget APP and complete KYC 2.Join both Bitget Discord and BGB Holders Group 3. Complete a SWELL/USDT deposit or spot trade of any amount 🎁Bonus: 300 qualified users will be randomly selected to equally share the campaign pool! Introduction Swell is the restaking yield layer for Ethereum. The protocol provides liquid staking and restaking primitives for DeFi and is delivering the first vertically integrated Layer 2 restaked rollup. Contract Address (ERC20): 0x0a6E7Ba5042B38349e437ec6Db6214AEC7B35676 Website | X | Discord How to Buy SWELL on Bitget SWELL to FIAT Calculator Fee Schedule Price & Market Data 7-Days Limited-time Buy Crypto Offer: Buy SWELL with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Swell (SWELL) to be listed on Bitget Launchpool — lock BGB and USDT to share 19,500,000 SWELL!
Bitget Launchpool will be listing Swell (SWELL). Eligible users can lock BGB and USDT to share 19,500,000 SWELL. Locking period: November 7 2024, 10:00 – November 14 2024, 10:00 (UTC) Lock Now Project details • Token name: Swell (SWELL) • Total supply: 10,000,000,000 SWELL • Launchpool allocation: 19,500,000 SWELL • About the project: Swell is the restaking yield layer for Ethereum. The protocol provides liquid staking and restaking primitives for DeFi and is delivering the first vertically integrated Layer 2 restaked rollup. Locking pool 1: Total SWELL Campaign Pool 16,000,000 SWELL Maximum BGB locking limit for VIP1-VIP7 50,000 BGB Maximum BGB locking limit for VIP0 20,000 BGB Minimum BGB locking limit 5 BGB BGB pool airdrop per user = user's locked BGB ÷ total locked BGB of all eligible participants × corresponding pool. Locking pool 2: Total SWELL Campaign Pool 3,500,000 SWELL *Eligibility for new user Only new users who sign up after November 5, 2024, 10:00 (UTC) are eligible. Maximum USDT locking limit 2,000 USDT Minimum USDT locking limit 5 USDT USDT pool airdrop per user = user's locked USDT ÷ total locked USDT of all eligible participants × corresponding pool. Notes: 1. Token airdrop from Launchpool locking pools will be distributed hourly to participants based on their locked volume. 2. Bitget will take hourly snapshots of each participant's locked volume and distribute airdrop accordingly. 3. Airdrop will be distributed hourly. When a user locks at hour H, the locked volume is calculated at hour H+1, and airdrop is distributed at hour H+2. For example, if a user locks at 10:46 AM, the locked volume is confirmed at 11:00 AM, and airdrop is distributed at 12:00 PM. 4. The APR of each locking pool is calculated separately. 5. Users can unlock their locked tokens from the locking pool at any time. 6. Locked assets will be automatically returned to the user's spot account after the locking period ends. Terms and conditions 1. Users must complete identity verification to participate in the promotion. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Sub-accounts, institutional accounts, and market maker accounts are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Swell Network in-depth analysis: Liquidity staking + Chainlink PoR, what is the growth potential of tokens?
I. Project introduction Swell Network is a decentralized and non-custodial Ethereum staking protocol aimed at providing users with a convenient experience of liquidity staking and re-staking, simplifying the path for users to access DeFi, while ensuring the security of the Ethereum network and the sustainability of staking services. Swell allows ETH holders to stake without locking their funds and obtain liquidity tokens such as swETH and rswETH, which can be further used in other DeFi protocols to increase ROI. As a leading staking solution provider in the market, Swell Network has taken the lead in allowing users to freely choose node operators for staking, breaking through the traditional high admission threshold, reducing the technical difficulty of staking participation, and promoting network decentralization. The platform has built-in Chainlink Proof of Reserve (PoR) function, supports automatic on-chain auditing, and provides high-level security and transparency. In addition, Swell's Liquidity Re-Pledging Token (rswETH) allows users to re-pledge on the EigenLayer platform to earn more profits without locking in liquidity. Through this mechanism, Swell expands the application scope of staking and re-pledging, providing users with multiple sources of income and supporting the long-term development and security of the Ethereum ecosystem. II. Project highlights 1. Custodial staking and liquidity tokens: Swell provides non-custodial ETH staking services, allowing users to obtain liquidity tokens swETH and rswETH, ensuring the safety of funds and participating in the DeFi ecosystem, realizing flexible operation and maximizing profits. 2. Staking function: Users can re-pledge on EigenLayer through rswETH to obtain additional income without locking in liquidity, enhancing yield and enhancing cyber security. 3. Low-threshold staking and decentralization: Allowing any amount of ETH to be staked without a minimum threshold, users can freely choose node operators, promoting widespread participation and network decentralization. 4. Security and Transparency: Pioneering the use of Chainlink Proof of Reserve (PoR) for automatic on-chain auditing, collaborating with multiple blockchain security companies to ensure the security and transparency of user funds. 5. Strong financing background : Swell has received investments from several well-known institutions such as Framework Ventures, totaling $3.75 million in seed round financing. Angel Investors include industry leaders such as Mark Cuban, supporting its continued development and innovation. III. Market value expectations Swell Network ($SWELL) is a protocol that focuses on providing decentralized and non-custodial Ethereum staking services. Based on the current circulation of 1.40 billion $SWELL tokens and a unit price of 0.0428 dollars, the circulation market value of Swell is $42,000,000. To estimate the circulation market value of $SWELL tokens consistent with similar decentralized staking and liquidity protocols, the unit price of the token can be calculated as follows: Benchmark project type and market value expectations : Puffer Finance ($PUFFER) - A liquidity staking protocol based on EigenLayer Token price: 0.265 dollars Market capitalization: $27,206,155.565 If the circulating market value of $SWELL is the same as $PUFFER, the token unit price is about 0.0194 dollars Increase: -54.67% of current price Renzo Protocol ($REZ) - A re-staking protocol based on EigenLayer Token price: 0.03 dollars Market capitalization: $51,317,772.208 If the circulating market value of $SWELL is the same as $REZ, the token unit price is about 0.0367 dollars Increase: -14.25% of current price Ether.Fi ($ETHFI) - Decentralized Staking Protocol Token price: 1.25 dollars Market capitalization: $259,396,963.407 If the circulating market value of $SWELL is the same as $ETHFI, the token unit price is about 0.1852 dollars Increase: + 332.71% of the current price IV. Token Economics Swell Network's native token $SWELL has a total supply of 10 billion tokens and is designed to promote protocol governance, ecosystem development, and user incentives. Token distribution: Ecosystem and Community (including 8% airdrop): 37%, of which 900 million tokens are unlocked during TGE (Token Generation Event) to incentivize community participation and promote ecosystem development. Team and consultants: 23.5%, locked for 12 months from TGE, and then linearly released for 24 months to ensure the long-term motivation of the core team. Investors: 23.5%, locked for 12 months from TGE, followed by 5% release, and the remaining part will be linearly released in the next 18 months to protect investors' rights and promote the stable development of the project. Fund reserve: 16%, of which 500 million tokens will be unlocked during TGE, and the remaining 1.10 billion will be locked for 6 months and linearly released for 36 months. TGE (Token Generation Event) Information: Circulation ratio: 14% Published Price: 0.03 USD/piece Fully diluted valuation (FDV): $300 million Market capitalization: 42 million USD V. Team and financing Swell Network is led by founder Daniel Dizon, and the team includes CTO Aaron Alderman, Chief Product Officer Kevin Chee, and research director Abishek Kannan. In 2022, Swell received a $3.75 million seed round financing led by Framework Ventures, with participation from IOSG Ventures, Apollo Crypto, and well-known figures such as Mark Cuban and Kain Warwick from Angel Investor to help the project grow rapidly. VI. Risk Warning 1. The liquidity tokens (swETH and rswETH) provided by Swell can be used in DeFi, but in extreme market conditions, there may be insufficient liquidity, affecting the exchange efficiency and value stability of the tokens. 2. For ordinary users, staking and re-staking operations may involve complex steps, and a little carelessness may lead to operational errors or asset transfer errors. In addition, participating in DeFi protocols requires users to have a certain technical understanding and wallet management ability. Any mistake may result in loss in capital. 3. Although Swell Network has conducted multiple rounds of audits and introduced measures such as Chainlink Proof of Reserve (PoR), the complexity of smart contracts can still lead to unknown vulnerabilities or code flaws, which can be exploited by malicious attackers, causing losses in capital. Users should keep an eye on contract updates and security audit reports and understand their potential risk exposures. VII. Official link Website ： https://www.swellnetwork.io/ Twitter： https://x.com/swellnetworkio Discord： https://discord.com/invite/swellnetworkdao
Swell Network has launched the SWELL airdrop claim page, and claims will be open on November 7th
According to Foresight News, the re-staking protocol Swell Network announced that the SWELL airdrop claim page is now online and claims will be open on November 7.
Bitget Lists Swell (SWELL) on Launchpool, Poolx and Spot With 23,440,000 Tokens in Rewards
Victoria, Seychelles, 5th November 2024 – Bitget , the leading cryptocurrency exchange and Web3 company, has announced the listing of SWELL tokens on its platform covering a range of products such as Launchpool, Poolx and Spot trading. This provides eligible users to win rewards from a pool of 23,440,000 SWELL tokens in total. The first initiative is a Launchpool campaign which enables users to lock BGB and USDT to share in a pool of 19,500,000 SWELL tokens. This exclusive event will be available from November 7, 2024, at 10:00 UTC, until November 14, 2024, at 10:00 UTC, allowing users to participate in the growing Ethereum restaking ecosystem through Swell’s advanced staking protocols. The Poolx event for SWELL allocates 1,800,000 tokens, where users can stake their tokens to mine more. Additionally, a Candybomb promotion is organized where 2,000,000 SWELL tokens will be distributed to users depending upon their trading activities. Swell, designed as a restaking yield layer for Ethereum, introduces a range of liquid staking and restaking options tailored for decentralized finance (DeFi). As the first to deliver a vertically integrated Layer 2 restaked rollup, Swell aims to enhance user returns and staking efficiency within the Ethereum network. In March 2022, Swell Network raised $3.75 million in a Seed round led by Framework Ventures, with support from IOSG Ventures and Maven 11 Capital. Swell unveils the tokenomics of its native token, SWELL, on October 9, 2024. The total supply of SWELL will be 10 billion tokens, with 8.5% allocated to the community. The SWELL token will serve three main purposes: governance for Swell DAO, restaking to secure Swell L2 applications and infrastructure, and paying for gas fees on the network. Coming back to Launchpool, it offers two distinct locking pools. The primary pool, with a total allocation of 16,000,000 SWELL, is open to users locking BGB, Bitget’s native token. Airdrops will be distributed hourly based on each participant’s locked volume, ensuring users receive rewards proportionate to their commitment within the pool. The secondary pool, specifically designed for new users who join after November 5, 2024, offers a share of 3,500,000 SWELL for those locking their USDTs. With a maximum locking limit of 2,000 USDT and a minimum requirement of 5 USDT, this pool provides an accessible entry point for newcomers to the platform. Bitget’s Launchpool utilizes an efficient airdrop system, distributing tokens hourly to participating users. This approach allows participants to quickly see returns from their locked assets, while PoolX and Spot markets are more for pro-traders, helping them earn rewards for existing tokens. To know more about SWELL tokens, visit Bitget's Launchpool , and Poolx/Spot promotion visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: [email protected] Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. This post is commissioned by Bitget and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.
Banks Aren’t Working With Ripple? Expert Shows Ripple Is Driving Innovation
The rapid integration of digital assets into traditional finance is redefining the financial landscape, as emphasized by crypto advocate Max Avery. Avery addressed misconceptions about Ripple’s partnerships with banks, highlighting Ripple’s pivotal role in driving advancements in crypto-focused banking at Ripple’s recent Swell conference. “People say that ‘Banks aren’t working with Ripple’—so let’s take a bit to explore the impact of crypto-focused banking and how Ripple is driving innovation in the financial industry,” Avery stated, encouraging a closer examination of Ripple’s contributions to the evolving financial sector. People say that “Banks aren’t working with Ripple” – So let’s take a bit to explore the impact of crypto-focused banking and how @Ripple is driving innovation in the financial industry. 1/25 🧵 pic.twitter.com/TCHAohzTEj — Max Avery (@realMaxAvery) November 1, 2024 Ripple’s Role in Shaping Crypto-Focused Banking Ripple’s Swell conference recently brought together banking and financial leaders to discuss the growing importance of cryptocurrency and its implications for global finance. A key theme of the conference was the shift toward a crypto-centric banking model, which seeks to address the traditional banking system’s inefficiencies. The insights from Swell underscored that digital assets are not only a financial investment but also a means to streamline critical services like cross-border transactions and global remittances. Avery noted that these banking leaders emphasized the unique benefits digital assets bring to financial services. According to Erica Khalili of Lead Bank, which manages over $1 billion in assets, digital assets lower transaction costs and remove barriers to entry, enhancing global access to finance for underserved populations. “The collaboration is critical for applications outside of investment, tackling real-life necessities like remittances,” Avery highlighted. Ripple, using the XRP Ledger (XRPL), aims to modernize cross-border payments , a process historically hindered by high fees and slow processing times on networks like SWIFT. By enabling faster, more affordable, and secure transactions, the XRPL addresses these systemic challenges. Digital Assets Streamline Financial Services and Reduce Barriers Michael Rose of Metropolitan Capital and Miles Paschini of FV Bank also discussed the efficiency of crypto solutions for immediate payments and secure asset storage. Notably, FV Bank has implemented stablecoins as an alternative to traditional payment options, offering clients the flexibility to select wire transfers, ACH payments, or stablecoins. This flexibility reflects a rising demand for digital assets in daily financial operations. Ripple, through its blockchain solutions and XRPL’s robust infrastructure, meets this demand by enabling efficient, cost-effective payment methods that complement traditional systems. Global financial institutions are increasingly exploring blockchain technology to enhance various services, including collateral postings and settlements. Banks like BNY Mellon have started to use blockchain to improve capital market efficiency, aligning with Ripple’s mission of creating a globally connected economy with seamless cross-border transactions. Ripple’s technology aids these efforts by linking traditional finance with the digital asset ecosystem, enabling banks to leverage blockchain’s speed and scalability. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Regulatory Challenges and Ripple’s Commitment to Compliance The regulatory landscape remains a challenge for banks venturing into digital assets. Khalili stressed that banks must maintain transparency with regulators to build credibility and trust. Lead Bank, among others, has invested in compliance systems to meet rigorous regulatory standards. Ripple, too, is actively engaged with regulators, advocating for clear guidelines that protect investors and foster innovation. This commitment to compliance ensures that Ripple and its partners can offer reliable, secure, and resilient financial services within existing legal frameworks. Further, developments like stablecoins and asset tokenization are positioning crypto for practical applications beyond speculative investment. Stablecoins, in particular, are crucial to enabling efficient, low-cost payments. Ripple’s XRPL supports these innovations, extending blockchain applications to areas like remittances and decentralized finance (DeFi). Real-world asset tokenization, such as tokenized treasuries, is also gaining traction. Institutions, including BNY Mellon, are exploring tokenization’s benefits, such as fractional ownership and increased liquidity, as they seek to integrate these products into their offerings. By bridging traditional financial markets and the crypto economy, Ripple’s XRPL facilitates these advancements, creating new investment opportunities. According to Avery, “The XRP Ledger’s unique architecture is designed for scalability and speed, making it valuable for banks, financial institutions, and businesses in this digital revolution.” As financial institutions adopt digital assets, Ripple’s technology, particularly the XRPL, stands at the forefront of this transformation, bridging digital and traditional finance and signaling a future where financial services are more efficient, accessible, and secure. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News
Swell chooses OP Stack over Polygon for Layer 2 migration
Swell, a liquid restaking protocol, has announced its decision to migrate its Layer 2 network to the Optimism Superchain, abandoning its previous plan to utilise Polygon’s (CRYPTO:MATIC) Chain Development Kit (CDK). The move marks a strategic shift as Swell aims to leverage the Optimism (CRYPTO:OP) OP Stack for improved scalability and integration. According to Swell’s official blog, the migration is designed to enhance capital efficiency using its Proof of Restake model. The protocol intends to provide restaking yield and security services for the Superchain while aligning with Optimism’s requirements. This includes adopting ETH as the rollup gas token and allocating part of sequencer revenues to the Optimism Collective. Daniel Dizon, Swell’s Founder, expressed enthusiasm for the transition, stating, “The Superchain is home to the biggest success stories in DeFi, with 4 of the top 5 chains utilizing Optimism’s OP Stack. Swell is excited to collaborate with OP Labs and the wider Optimism Collective to build out our shared vision for scaling Ethereum – and make Swell L2 the home of all restaking activity in the Superchain.” This migration aligns Swell with other prominent industry players, such as Coinbase, Uniswap, and Sony, which have also integrated with the Superchain using the OP Stack framework. Recently, Kraken announced its own Layer 2 network, Ink, built on the same platform to join the Superchain ecosystem. Swell’s initial plans involved using Polygon’s CDK, which focuses on zkEVM technology for customised Layer 2 chains. Although Swell has shifted its strategy, the protocol emphasised its continued belief in Polygon’s efforts. Data from DefiLlama reveals that Swell’s products collectively hold a total value locked of over $1.35 billion. Polygon’s CDK, introduced in 2023, aims to support the transition of EVM Layer 1 chains to Layer 2 and foster a zero-knowledge (ZK) approach. Despite the change, Swell’s alignment with the Optimism Superchain highlights its commitment to scaling Ethereum (CRYPTO:ETH) through a unified framework and advancing restaking capabilities. At the time of reporting, the Polygon price was $0.3325, and the Optimism price was $1.72.
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