What is Swell Ethereum?

Swell Ethereum (SWETH) is a liquid staking derivative currently ranked 493rd by market capitalization across all crypto assets we track. Liquid staking tokens represent staked ETH while remaining tradeable — holders earn staking yield without locking their capital.

Market position

At the current price of $2,379, Swell Ethereum carries a market capitalization of $37.55M. Daily trading volume across exchanges sits at roughly $36.30K. That works out to a 24-hour turnover of about 0.10% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.

Price action across timeframes

Over the past 24 hours, Swell Ethereum has moved -0.91%; over the past week, Swell Ethereum has moved -7.95%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.

Cycle position

Swell Ethereum is currently trading deeply below its all-time high (all-time high of $5,351, -55.5% from peak). Classic accumulation territory where long-term holders historically build positions.

Supply & dilution

The circulating supply stands at 15,785 SWETH. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Swell Ethereum in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.

How to evaluate Swell Ethereum

A balanced read on SWETH typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is SWETH performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.