In an exciting leap for the cryptocurrency world, Coinbase, one of the leading cryptocurrency exchanges, has officially announced the listing of Swell (SWELL) on its platform. This move follows Coinbase’s earlier declaration of its intent to support Swell (SWELL) on the Ethereum network as an ERC-20 Token. Now, Swell is accessible to a broader audience, marking a significant milestone in its journey.
SWELL Now Available on Coinbase Platforms
With the listing announcement, Swell (SWELL) is now live on coinbase.com and is available on the Coinbase iOS and Android apps, complete with an ‘Experimental’ label. This means that Coinbase customers can seamlessly log in to buy, sell, convert, send, receive, or store these assets, enhancing their cryptocurrency portfolios with ease.
SWELL Making Strides in the Ethereum Ecosystem
Swell Network is making remarkable advancements within the Ethereum ecosystem, particularly with its cutting-edge platform for liquid staking. It stands out as a decentralized, noncustodial liquid staking protocol, offering users the opportunity to stake their Ethereum and earn passive income through blockchain rewards.
Designed with stakers, node operators, and the broader Ethereum community in mind, the platform facilitates staking of ETH and provides users with swETH tokens. These tokens not only represent the staked ETH but also accumulate yield rewards across the decentralized finance (DeFi) space. By staking their ETH, participants receive a yield-bearing liquid staking token (LST), symbolizing their staked assets along with the earned rewards.
The network’s innovative Layer 2 Proof of Restake mechanism significantly bolsters security, enhances liquidity, and optimizes asset utilization. This positions Swell as a formidable contender for ETH stakers, further cementing its role in the evolving blockchain landscape.
SWELL Records Remarkable Surge in Price and Volume Following Listing
The listing of SWELL on Coinbase marks a pivotal moment for the token, driving significant interest and activity. In the wake of this announcement, SWELL’s price and trading volumes have experienced a substantial surge. As of the latest updates, SWELL is trading at an impressive $0.05061, reflecting a surge of over 60% in just the past 24 hours.
Moreover, Swell’s 24-hour trading volume has skyrocketed by over 140%, reaching $322.33. The platform’s total value locked (TVL) has hit $1.28 billion, showcasing its growing market presence and highlighting its potential in the ever-expanding crypto space. Swell’s rise is a testament to its appeal and promise as a viable option for crypto enthusiasts and investors alike.
As Swell continues to innovate and expand, its listing on Coinbase represents a significant step forward in its mission to revolutionize liquid staking and empower the Ethereum community.
