

Swell is a non-custodial staking protocol that has emerged as a significant asset in the crypto space. As of December 23, 2025, SWELL maintains a market capitalization of approximately $6.60 million, with a circulating supply of approximately 3.98 billion tokens out of a total supply of 10 billion. The token is currently trading at $0.001658, having experienced notable price fluctuations since its public launch in November 2024 at an initial price of $0.05.
With its mission to deliver the world's best liquid staking and restaking experience while simplifying access to DeFi and securing the future of Ethereum and restaking services, SWELL has attracted attention from investors evaluating whether Swell Network represents a viable investment opportunity. The project's non-custodial protocol structure and focus on the liquid staking sector position it within a growing segment of the decentralized finance ecosystem.
This article provides a comprehensive analysis of SWELL's investment value, historical price performance, future price projections, and associated investment risks to serve as a reference for investors considering this digital asset.
Key Price Milestones:
Performance Analysis by Time Period:
| Time Period | Price Change | Change Amount |
|---|---|---|
| 1 Hour | -0.72% | -$0.000012 |
| 24 Hours | +2.02% | +$0.000033 |
| 7 Days | -8.79% | -$0.000160 |
| 30 Days | -42.059% | -$0.001204 |
| 1 Year | -94.62% | -$0.029160 |
Price and Market Metrics:
Supply Information:
Swell is a non-custodial staking protocol with a mission to deliver the world's best liquid staking and restaking experience, simplify access to DeFi, while securing the future of Ethereum and restaking services.
Token Standard: ERC-20
Blockchain Presence:
| Blockchain | Contract Address | Explorer Link |
|---|---|---|
| SWELL | 0x2826d136f5630ada89c1678b64a61620aab77aea | Swell Explorer |
| Ethereum (ETH) | 0x0a6e7ba5042b38349e437ec6db6214aec7b35676 | Etherscan |
Listed Exchanges: 1
SWELL demonstrates significant price volatility characteristic of emerging cryptocurrency projects. The token has experienced a substantial decline from its all-time high, with a 94.62% depreciation over a one-year period. Recent 30-day performance shows a -42.059% decline, indicating continued downward pressure despite a slight 24-hour recovery of +2.02%.
Official Channels:
Explorers and Data:
Report Date: December 23, 2025
Data Source: Gate Cryptographic Asset Database

Report Date: December 23, 2025
Swell Network is a non-custodial staking protocol designed to deliver liquid staking and restaking solutions for Ethereum and DeFi ecosystems. As of December 23, 2025, SWELL is trading at $0.001658, down significantly from its all-time high of $0.19992 recorded on September 29, 2024. The token shows extreme bearish technical indicators, with a market capitalization of $6.60 million and a circulating supply representing 39.84% of total supply.
Swell Network operates with a fixed maximum supply of 10 billion tokens. Currently, 3.98 billion SWELL tokens are in circulation, representing 39.84% of the total supply. The initial publication price was $0.05 (November 6, 2024), indicating a severe price depreciation of 96.68% to current levels.
Investment Implications:
Swell Network positions itself as a non-custodial staking protocol with the mission to simplify DeFi access while securing Ethereum's future through restaking services. The protocol operates on both the Swell Network chain and Ethereum, with verified smart contracts deployed on both platforms.
Ecosystem Factors:
Current technical analysis reveals extremely bearish conditions:
| Indicator | Value | Signal |
|---|---|---|
| Average Directional Index (14) | 52.51 | SELL |
| Moving Averages (MA5-MA200) | Various | 0 Buy / 12 Sell Signals |
| Ultimate Oscillator (7, 14, 28) | 22.82 | BUY |
| Market Emotion Index | Neutral to Negative | Extreme Fear |
Price Performance:
Market analysts provide widely divergent price forecasts, reflecting high uncertainty:
Conservative Scenarios:
Optimistic Scenarios:
Long-term Predictions (Note: High Variance): Certain sources provide extreme projections (e.g., $42.33 by December 2026, $29.12 by 2030) that appear inconsistent with fundamental analysis and should be treated with significant skepticism.
Critical Risks:
Liquidity Concerns:
Swell Network currently ranks 1,377 by market capitalization with a market dominance of 0.00051%. The protocol holds 41,772 token holders, indicating a growing but still limited user base. The token trades on limited exchanges (confirmed on at least 1 exchange), which constrains accessibility and liquidity.
The protocol operates within the competitive liquid staking market, which includes established alternatives such as Lido Finance (stETH). The ability to differentiate through superior user experience and achieve meaningful adoption will be decisive for long-term valuation.
Available market data indicates that Swell Network's investment case remains highly uncertain as of December 2025. Current technical indicators, severe price depreciation, and low trading volume present substantial headwinds. While the protocol addresses a legitimate market need within DeFi's liquid staking and restaking segments, execution risk remains elevated.
Analysts recognize that early-stage tokens like SWELL are highly sensitive to market dynamics, regulatory developments, and competitive pressures. Future valuation will depend critically on protocol adoption, competitive execution, and broader blockchain market development. Investors should base decisions on comprehensive fundamental analysis rather than price predictions, and should be aware of the extreme volatility characterizing this asset class.
Market Phase Expectation: Swell Network is transitioning from early adoption to developing ecosystem maturity. The protocol's focus on non-custodial liquid staking and restaking solutions positions it to benefit from growing Ethereum validator participation and DeFi expansion during this period.
Investment Return Projections:
Key Catalysts: Integration with major DeFi protocols, Ethereum ecosystem developments, expansion of restaking services, institutional adoption of liquid staking solutions, and market sentiment recovery.
Base Case: $0.002361 - $0.002775 USD (assumes steady protocol adoption and moderate market growth with stable Ethereum network participation rates)
Optimistic Case: $0.003500 - $0.005000 USD (assumes significant DeFi market expansion, mainstream institutional adoption of restaking services, and successful protocol scaling)
Risk Case: $0.000750 - $0.001200 USD (assumes regulatory headwinds, competitive pressures from alternative staking solutions, or adverse macroeconomic conditions)
Click to view SWELL long-term investment and price predictions: Price Prediction
Base Scenario: $0.002361 - $0.002775 USD (corresponding to steady protocol development and gradual mainstream application advancement)
Optimistic Scenario: $0.003500 - $0.005000 USD (corresponding to large-scale adoption and favorable market conditions)
Transformative Scenario: $0.010000 USD and above (such as breakthrough ecosystem progress and mainstream popularization)
2030-12-31 Predicted Peak: $0.0027748 USD (based on optimistic development assumptions)
Disclaimer: Price predictions are based on historical data and market analysis. Cryptocurrency markets are highly volatile and unpredictable. Actual results may differ significantly from forecasts. This analysis is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with financial professionals before making investment decisions.
| 年份 | 预测最高价 | 预测平均价格 | 预测最低价 | 涨跌幅 |
|---|---|---|---|---|
| 2025 | 0.0019896 | 0.001658 | 0.00126008 | 0 |
| 2026 | 0.001896752 | 0.0018238 | 0.001750848 | 10 |
| 2027 | 0.0019532898 | 0.001860276 | 0.00145101528 | 12 |
| 2028 | 0.00247881777 | 0.0019067829 | 0.001239408885 | 15 |
| 2029 | 0.0026752164087 | 0.002192800335 | 0.0016226722479 | 32 |
| 2030 | 0.002774769543909 | 0.00243400837185 | 0.002360988120694 | 46 |
Swell is a non-custodial staking protocol with a mission to deliver the world's best liquid staking and restaking experience, simplify access to DeFi, while securing the future of Ethereum and restaking services.
Token Details:
| Time Period | Price Change | Amount Change |
|---|---|---|
| 1 Hour | -0.72% | -$0.000012 |
| 24 Hours | +2.02% | +$0.000033 |
| 7 Days | -8.79% | -$0.000160 |
| 30 Days | -42.06% | -$0.001204 |
| 1 Year | -94.62% | -$0.029160 |
The token has experienced severe depreciation since its launch, declining by 94.62% over the past year. The price has reached its all-time low recently, signaling extreme market weakness.
Suitable for conservative investors with high risk tolerance and long-term conviction in Ethereum's staking ecosystem development. This approach requires patience through significant volatility cycles.
Dependent on technical analysis and swing trading operations, leveraging the token's high volatility for tactical positioning. Given recent price compression near all-time lows, traders may identify potential support levels.
Swell Network represents a high-risk investment opportunity within the liquid staking ecosystem. While the protocol addresses real pain points in Ethereum staking and DeFi accessibility, the current token valuation reflects significant market skepticism. The 94.62% annual decline and recent all-time low pricing suggest the market is pricing in substantial execution and adoption risks.
✅ New Investors:
✅ Experienced Investors:
✅ Institutional Investors:
⚠️ Important Disclaimer: Cryptocurrency investments carry substantial risk of loss. This analysis is provided for informational purposes only and does not constitute investment advice, financial recommendation, or endorsement. Past performance does not guarantee future results. Participants should conduct independent research, consult qualified financial advisors, and only invest capital they can afford to lose completely. Regulatory changes may materially affect token value and trading availability.
Q1: What is Swell Network (SWELL) and what problem does it solve?
A: Swell Network is a non-custodial staking protocol designed to deliver liquid staking and restaking solutions for Ethereum and the broader DeFi ecosystem. It addresses the challenge of enabling users to stake their ETH while maintaining liquidity to participate in other DeFi opportunities, and provides simplified access to advanced staking services and restaking mechanisms that secure Ethereum's future.
Q2: What is the current price and market valuation of SWELL as of December 23, 2025?
A: As of December 23, 2025, SWELL is trading at $0.001658 USD with a market capitalization of approximately $6.60 million. The token has experienced significant depreciation from its all-time high of $0.19992 (September 29, 2024), representing a 94.62% decline over the past year. The fully diluted valuation stands at $16.58 million.
Q3: What are the main risks associated with investing in SWELL?
A: Key risks include extreme price volatility (94.62% annual decline), low trading liquidity ($54,055 daily volume), early-stage protocol execution risks, smart contract security vulnerabilities, regulatory uncertainty surrounding staking protocols, and intense competition from established liquid staking alternatives. Additionally, with only 39.84% of total supply in circulation, future token releases may create further inflationary pressure.
Q4: What is the recommended investment allocation for SWELL tokens?
A: Conservative investors should allocate no more than 1-2% of their portfolio to SWELL due to its extreme volatility and early-stage status. Aggressive investors with strong conviction in the liquid staking thesis may consider 5-10% allocations. Institutional investors should maintain limited exposure until the protocol demonstrates sustainable revenue generation and significant market traction. All investors should use dollar-cost averaging strategies and maintain positions in secure cold storage.
Q5: What are the price predictions for SWELL through 2030?
A: Predictions vary significantly based on adoption scenarios. Conservative forecasts suggest $0.001260 to $0.001990 for 2025. By 2030, base-case scenarios project $0.002361 to $0.002775, optimistic cases estimate $0.003500 to $0.005000, while transformative scenarios could reach $0.010000 or higher. However, all price predictions carry substantial uncertainty and should not be used as primary investment decision drivers.
Q6: How does SWELL's token supply structure impact its investment potential?
A: SWELL operates with a fixed maximum supply of 10 billion tokens, with only 3.98 billion currently in circulation (39.84%). The remaining 60.16% of tokens will gradually enter circulation, creating continued inflationary pressure that could suppress price recovery. The initial launch price of $0.05 in November 2024 versus current $0.001658 reflects severe depreciation despite substantial supply remaining to be released.
Q7: What technical and security considerations should investors understand about SWELL?
A: SWELL is an ERC-20 token deployed on both the Swell Network chain and Ethereum blockchain. Investors should exercise caution when interacting with protocol smart contracts during early phases, utilize hardware wallets (Ledger, Trezor) for long-term holdings, and trade only on reputable exchanges with strong security records. Smart contract vulnerabilities in the staking mechanism could potentially result in loss of funds, making security practices essential.
Q8: Is SWELL suitable for long-term investment?
A: SWELL represents a speculative long-term investment opportunity with asymmetric risk-reward characteristics. Success depends on the protocol achieving significant adoption in liquid staking markets, executing technically superior solutions compared to established competitors, and benefiting from broader DeFi and Ethereum ecosystem expansion. However, the 94.62% annual price decline and technical sell signals indicate substantial current market skepticism. Only investors with high risk tolerance and strong conviction in Ethereum's staking future should consider meaningful long-term positions.











