Latest Swell Network (SWELL) News Update

Deep Dive

1. @BiconomyCom: Trading frenzy with $8K SWELL prizes bullish

“Trade to share $8000 in $SWELL 🔥 1st Place $2500 SWELL… Participation Reward Share $1500 SWELL”
– @BiconomyCom (219K followers · 11:50 AM UTC · 20 Nov 2025)
View original post
What this means: This is bullish for SWELL because exchange-led trading contests typically increase short-term volume and visibility, though sustainability depends on broader utility adoption.

2. @swellnetworkio: Bithumb bridges Ethereum/Swellchain bullish

“Deposit and withdraw $SWELL on both Swellchain and Ethereum”
– @swellnetworkio (95.5K followers · 10:32 AM UTC · 31 Jul 2025)
View original post
What this means: This is bullish because multichain support on a major Korean exchange like Bithumb reduces friction for institutional and retail users, potentially lifting liquidity and cross-chain DeFi use cases.

3. CoinJournal: Binance delists SWELL futures bearish

“Binance Futures will delist PONKE, SWELL, and QUICK on November 28… SWELL dropped over 5% post-announcement”
– CoinJournal (25 Nov 2025 · 4:09 PM UTC)
View article
What this means: This is bearish because losing a top-tier derivatives listing reduces speculative leverage options and may signal weakened institutional confidence, exacerbating SWELL’s -48.7% 30-day price decline.

Conclusion

The consensus on SWELL is mixed, balancing ecosystem growth (TVL up to $180M by August 2025, multichain adoption) against exchange-related headwinds. Watch SWELL’s open interest post-Binance delisting (28 Nov) and whether Biconomy’s trading contest volume (ended 1 Dec) translates into sustained network activity.

Deep Dive

1. Mainnet Expansion (Q1 2026)

Overview: After a guarded launch in April 2025, Swell plans to fully open staking deposits in 2026, removing caps and expanding its node operator set. This phase focuses on scaling liquidity and user adoption for its liquid staking token, swETH.
What this means: This is bullish for SWELL because increased staking activity could drive demand for swETH, potentially boosting protocol revenue and token utility. Risks include competition from established liquid staking providers like Lido.

2. EigenLayer Restaking Integration (2026)

Overview: Swell is researching integration with EigenLayer, a restaking protocol, to allow swETH holders to earn additional yield by securing Ethereum-based services.
What this means: This is bullish because restaking could differentiate Swell’s offerings, attracting yield-seeking users. However, technical complexity and EigenLayer’s adoption curve pose execution risks.

3. DVT Implementation (2026)

Overview: Distributed Validator Technology (DVT) is under development to decentralize Swell’s node operations, reducing single points of failure.
What this means: This is neutral-to-bullish as DVT enhances network resilience but requires significant technical effort. Success could position Swell as a leader in decentralized staking infrastructure.

Conclusion

Swell’s roadmap prioritizes scaling its liquid staking ecosystem while innovating with restaking and decentralization technologies. Key risks include execution delays and market saturation. How might EigenLayer’s growth trajectory impact Swell’s adoption in 2026?

Deep Dive

1. Staking Pool Overhaul (April 2025)

Overview: Swell deprecated its atomic deposit/NFT system for a unified ERC20 liquid staking token (swETH), enabling seamless DeFi composability.

The upgrade resolved validator activation bottlenecks identified during the guarded launch phase. By shifting to a pooled deposit model, users now receive swETH (a yield-bearing token) instead of NFTs, simplifying staking rewards tracking. The DAO collaborated with Ethereum Foundation advisors to optimize validator set management.

What this means: This is bullish for SWELL because it reduces friction for Ethereum stakers, improves liquidity, and aligns with industry standards like Lido’s stETH. (Source)

2. Mainnet Guarded Launch (March 2025)

Overview: A mid-March testnet preceded the mainnet relaunch, capping deposits at 256 ETH initially to stress-test the new architecture.

The phased rollout included allow-listed addresses to monitor protocol stability. Critical fixes addressed edge cases in validator onboarding, ensuring smoother mainnet performance. Audits by blockchain security firms preceded the launch.

What this means: This is neutral for SWELL – while it delays full decentralization, the cautious approach mitigates systemic risks and builds trust.

3. Protocol Decentralization Roadmap (2025)

Overview: Swell introduced institutional-grade node operators and LP/yield optimizer strategies within its dApp.

The DAO plans to gradually remove deposit caps and enable permissionless node participation. Partnerships with EigenLayer for restaking and DVT research aim to strengthen validator decentralization.

What this means: This is bullish long-term, as enhanced yield options and validator resilience could attract more ETH stakers.

Conclusion

Swell’s codebase shifts prioritize scalability, liquidity, and security – critical for competing in the liquid staking sector. While short-term deposit limits persist, the ERC20 transition and yield strategies position SWELL for broader adoption. How quickly will the DAO transition to full permissionless operation?

Deep Dive

1. Binance Delists SWELL Futures (25 November 2025)

Overview: Binance Futures announced the delisting of SWELL perpetual contracts effective 28 November 2025, alongside PONKE and QUICK. New positions were blocked from 08:30 UTC, with settlements at 09:00 UTC. SWELL dropped over 5% post-announcement, reflecting reduced liquidity and heightened liquidation risks.

What this means: The delisting is bearish for SWELL due to diminished access to leveraged trading—a key liquidity driver—and potential capital outflows. Traders should monitor spot volumes for signs of stabilization. (CoinJournal)

2. $8K Trading Competition Launch (20 November 2025)

Overview: Biconomy launched a SWELL trading competition with an $8,000 prize pool, running from 21 November to 1 December 2025. Top traders earn rewards proportional to volume, incentivizing short-term participation.

What this means: This is neutral-to-bullish for SWELL, as competitions often spike trading activity temporarily but may not sustain momentum. Metrics to watch: 24h volume (currently $2.3M) and exchange inflows/outflows. (Biconomy)

3. Bithumb Multichain Integration (31 July 2025)

Overview: Bithumb enabled SWELL deposits/withdrawals on Ethereum and Swellchain, improving interoperability. Swellchain’s lower fees could attract DeFi users seeking cost-efficient transactions.

What this means: Bullish long-term, as multichain support broadens SWELL’s use cases (e.g., cross-chain staking). However, adoption depends on Swellchain’s growth—TVL currently at $180M as of August 2025. (CoinMarketCap)

Conclusion

SWELL faces mixed signals: Binance’s delisting pressures liquidity, while Bithumb’s integration and trading incentives aim to counterbalance. The key question: Can Swellchain’s ecosystem growth offset exchange-related headwinds? Watch for TVL trends and regulatory clarity on liquid staking protocols.