Swell Network (SWELL) Price Prediction

Deep Dive

1. Swellchain Mainnet & L2 Adoption (Bullish Impact)

Overview: Swell L2’s migration to Optimism as an OP Stack rollup aims to become a restaking hub for the Superchain, with mainnet expected by late December 2025. Pre-launch deposits already total $1.4B TVL, and integrations with protocols like Sturdy Finance and Brevis could drive usage.

What this means: Successful mainnet execution could increase demand for SWELL as the governance token, especially with rswETH v2 enabling withdrawals and real yield from AVSs. However, delays or technical hiccups might dampen sentiment.

2. Derivatives Delistings & Liquidity Drain (Bearish Impact)

Overview: Binance Futures and Flipster delisted SWELL perpetual contracts on November 28, 2025, triggering a 5% price drop. Open interest for SWELL derivatives fell 17% monthly, per CoinJournal.

What this means: Reduced derivatives access may lower speculative trading volume, exacerbating SWELL’s -72.97% 60-day price decline. Traders migrating to spot markets could face slippage risks due to SWELL’s modest $2.18M daily volume.

3. Macro Sentiment & Regulatory Risks (Mixed Impact)

Overview: The crypto Fear & Greed Index (22/100) reflects risk-off sentiment, while Bitcoin’s 58.8% dominance siphons capital from alts like SWELL. Meanwhile, the 2025 U.S. CLARITY Act’s security/commodity classification looms.

What this means: A broader market rebound (e.g., Fed rate cuts) could lift SWELL, but prolonged “Bitcoin Season” and regulatory scrutiny on DeFi staking platforms pose downside risks.

Conclusion

Swell’s price faces a tug-of-war between its L2’s growth potential and bearish liquidity/regulatory pressures. The key litmus test: whether Swellchain’s mainnet launch (mid-late December) can offset exchange delistings and attract restaking demand. Watch SWELL’s RSI (32.06) for oversold bounce signals and Swellchain’s TVL post-launch. Can Optimism integration revive developer activity?