Switcheo Coin Price & Market Data
Switcheo price today is $0.014215644087 with a 24-hour trading volume of $152,996. SWTH price is up 0.4% in the last 24 hours. It has a circulating supply of 1.7 Billion SWTH coins and a total supply of 2.16 Billion. If you are looking to buy or sell Switcheo, MEXC Global is currently the most active exchange.
Switcheo (SWTH) is the native cryptocurrency and governance token of Carbon, a layer 2 trading protocol powering cross-chain financial markets and infrastructures.
As a custom-built sidechain, Carbon adopts the delegated Proof-of-stake (dPOS) consensus mechanism built into Tendermint Core, and is secured by staking SWTH with a decentralized network of validators. In return for their bond, stakers earn rewards from network and trading fees.
The protocol is highly composable, versatile and secure, making it easy for developers to implement and scale any kind of decentralized application while breaking blockchain barriers. Carbon is interconnected with a growing number of Layer 1 chains including Ethereum, BSC, Neo and Zilliqa. Carbon acts as the core of the multi-chain world while laying the foundation for the future of decentralized financial economies.