swBTC is the receipt token for Swell DAO's Restaked WBTC. swBTC accepts WBTC and then allocates it across multiple restaking platforms to bring best in class BTC restaking yield to its holders. swBTC will be restaking layer agnostic and so is able to deploy across Symbiotic with other restaking platforms like Eigen Layer to follow shortly after. By restaking WBTC into these restaking protocols, swBTC is able to secure and derive yield networks and AVS's while still being a liquid token.
Swell Restaked BTC Price Analysis
As of October 11 2024 Swell Restaked BTC has a marketcap of $33M.
This is {{percentagefromath}} from its all time high of $66.335K.
In terms of its tokenomics, there's a total supply of 545 with 100% currently outstanding.
Keep in mind Swell Restaked BTC has a fully diluted value of $33M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
