Swarm Markets SMT

What SMT actually is on-chain

Swarm Markets is an ERC-20 deployed on Ethereum, at contract address 0xb17548c7b510427baac4e267bea62e800b247173. That address, not the ticker SMT, is what uniquely identifies this asset: anyone can deploy a second token calling itself SMT, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, SMT is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in SMT itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For SMT the project publishes a public source repository and an active account as @SwarmMarkets. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where SMT sits in the market

Swarm Markets sits at #1913, inside the lower small-cap band. Depth here is shallow enough that one large order walks the book several percent and the print mean-reverts within the same session — which is why a single fixed price level is a fragile trigger, and a condition that tolerates one wick is the more useful construction. Listings are concentrated across a small number of venues, so volume-driven delisting is an active risk here rather than a hypothetical one.

We are not currently receiving a live SMT order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. SMT is a Ethereum asset, so whatever turnover exists is most likely in Uniswap-style AMM pools rather than on a centralised book, and every fill there costs ETH in gas on top of the pool's own fee.

SMT against its all-time high

Swarm Markets's record high is $1.32, set on 2024-03-26. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set 3 years ago, so it belongs to the current cycle but not to current conditions. We are not quoting a drawdown from it because no tracked venue is giving us a live SMT price — a stale or single-pool number would make that percentage look precise when it is not.

SMT supply and valuation data

Supply figures for SMT are self-reported at this rank rather than reconciled against the chain, so we publish the valuation we have and not a circulating-supply number we cannot check. What we do have is a fully diluted valuation of $6.4 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

That valuation is a point-in-time snapshot, not a live figure, so we deliberately avoid dividing it back into a token count — the price has moved since, and the arithmetic would yield a precise-looking supply number that is simply wrong. Read the current supply from the project's own explorer before relying on any per-token valuation. The authoritative figure is the one etherscan.io reports for this contract.

What kind of asset SMT is

Swarm Markets sits in the real-world-asset category, where the token is a claim on or a representation of something held off-chain. That makes the relevant risks custodial and regulatory rather than purely market-driven: attestation quality, the identity of the custodian and the legal enforceability of redemption matter more than the chart. RWA assets also tend to move on regulatory news cycles that have nothing to do with the broader crypto tape.

CoinGecko files SMT under 7 categories, including Polygon Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem, Real World Assets (RWA), Base Ecosystem. CoinGecko also records deployments on Polygon (531 tracked tokens), Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Swarm Markets alert that is worth receiving

Swarm Markets is the ERC-20 at 0xb175…7173 on Ethereum — high dated 2024-03-26 — rank #1913. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →