What Polkaswap governs

Polkaswap (PSWAP) is a DeFi protocol governance token, currently ranked 570th by market capitalization among the assets we track. Polkaswap sits at the center of a decentralized-finance application. The token coordinates governance, sometimes routes protocol revenue to holders, and ties its value to how much the underlying protocol is actually used.

Polkaswap (PSWAP) is a decentralized exchange (DEX) designed for swapping digital assets on the Polkadot network, enabling cross-chain liquidity and trading. It operates without intermediaries, allowing users to maintain control over their funds while enjoying efficient trading features.

How value is supposed to accrue

Usage drives everything here: more deposits and more volume mean more fees, and the token's value depends on whether those fees flow back to PSWAP rather than evaporating to liquidity providers alone.

Background & fundamentals

In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Decentralized Exchange (DEX), and DeFi.

Where Polkaswap sits in the market

At $0.00020042, Polkaswap carries a market capitalization of $722.32K. Around $23.53 changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.00% of the float — on the quieter side, which can mean thinner liquidity for large orders.

Polkaswap carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. PSWAP remains -100% beneath its all-time high of $0.0772, the kind of gap that historically takes a full cycle or a fresh catalyst to close.

What the price history shows

Across timeframes, PSWAP shows 24-hour +1.33%, 7-day +41.93%, 30-day -2.68%, 1-year +49.25%.

Volatility profile

Recent action puts Polkaswap in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the last 30 days the move totals -2.68%, a useful input for stop placement and position sizing.

How to evaluate a DeFi token like Polkaswap

The honest checklist for PSWAP is short:

  • Protocol revenue — fees the application actually earns, and whether any of it reaches PSWAP holders.
  • Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
  • Token utility — whether PSWAP is load-bearing (governance over real value, fee rights) or decorative.

This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.