swETH (Swell ETH) is a liquid staking derivative token created by Swell Network. Here's an explanation of its key aspects:
The basic concept is that when users stake their ETH through Swell Network, they receive swETH in return. This token represents their staked ETH position and any staking rewards being earned.
Key features of swETH include:
Liquid staking - Users can maintain liquidity while earning staking rewards, as swETH can be traded or used in DeFi applications while the underlying ETH remains staked
1:1 backing - Each swETH is backed by 1 ETH staked through the protocol
Composability - swETH can be integrated into other DeFi protocols for lending, borrowing, or providing liquidity
Automatic reward accrual - Staking rewards are reflected in the swETH:ETH exchange rate, which increases over time
The protocol aims to contribute to Ethereum's decentralization by distributing staked ETH across multiple node operators rather than concentrating it with a few large providers.
What is the highest value Layerzero Bridged swETH (SWETH) has ever reached?
Layerzero Bridged swETH (SWETH) reached its peak price at 2,994.04 $ on 12 June 2025, approximately 3 months ago ago. Presently, the current price is -8.86% lower than this all-time high.
What is the historical minimum price for Layerzero Bridged swETH (SWETH)?
The minimum price reached for Layerzero Bridged swETH (SWETH) was 2,728.64 $, documented on 17 June 2025, more than 3 months ago. In comparison, the current price is , it equal this historical low.
What is the fully diluted valuation of Layerzero Bridged swETH (SWETH)?
The fully diluted valuation (FDV) of Layerzero Bridged swETH (SWETH) stands at $ 1,48 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SWETH tokens. The realization of this FDV might take several years depending on the emission schedule of SWETH tokens.