Switcheo Price Chart Update [SWTH]

The SWTH price update as of now is $0.006034. In the previous 24 hours, its trading volume was $30,026, and its value has decreased by -0.52%. As of now, SWTH's live market cap is $4,224,033, and it is ranked as the #1116 on the Coincu. SWTH has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

The Definition of Switcheo

Switcheo is a trading protocol that facilitates cross-chain financial markets and infrastructures. It operates as a layer 2 solution built on a custom sidechain and utilizes the delegated Proof-of-Stake (dPOS) consensus mechanism. The native cryptocurrency and governance token of Switcheo is Carbon (SWTH).

How Switcheo Functions

Switcheo operates through the staking of SWTH with a decentralized network of validators. These validators play a vital role in securing the network, and in return, stakers are rewarded with network and trading fees. The protocol is highly versatile, composable, and secure, empowering developers to easily implement and scale decentralized applications across multiple blockchains.

Switcheo's Role in the Multi-Chain Universe

Switcheo is interconnected with various Layer 1 chains, including Ethereum, BSC, Neo, and Zilliqa. It serves as the foundation of the multi-chain world, eliminating blockchain barriers and paving the way for the future of decentralized financial economies.