SwissCheese SWCH

What SWCH actually is on-chain

SwissCheese is an ERC-20 deployed on Polygon, at contract address 0x3ce1327867077b551ae9a6987bf10c9fd08edce1. That address, not the ticker SWCH, is what uniquely identifies this asset: anyone can deploy a second token calling itself SWCH, but the contract is unforgeable. Verify it against polygonscan.com before sending funds or approving a spend.

Because it lives on Polygon, SWCH is held in any EVM-compatible wallet, transfers are paid for in POL rather than in SWCH itself, and secondary liquidity sits in QuickSwap and Uniswap pools. Two consequences follow for anyone setting alerts: you need POL 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 SWCH the project publishes a whitepaper and an active account as @Swisscheese_fn. 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 SWCH sits in the market

SwissCheese sits at #1939, 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.

CryptoPingAi is currently streaming 1 live SWCH order book (Gate.io). That is thinner coverage than a #1939 ranking would normally imply — a move on one of these books is close to the whole market for SWCH, with no deep second venue to arbitrage it back. None of the books we see for SWCH are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

SWCH against its all-time high

SWCH is down more than 95% from its $1.01 peak (on 2023-12-08), leaving a 58.6x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For SWCH the informative reference is the downside, which makes the range section below more relevant than this one. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

SWCH across its historical range

The recorded range runs 23.8x, from $0.0422 to $1.01 — wide by the standards of traditional assets, moderate for this one's class.

SWCH trades within -59.3% of the all-time low of $0.0422 set on 2026-04-13. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. That low is recent, so this is an active downtrend rather than an old floor holding: each fresh low retires the previous one as a reference.

SWCH supply and valuation data

Supply figures for SWCH 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 $9.6 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 polygonscan.com reports for this contract.

What kind of asset SWCH is

SwissCheese is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files SWCH under 4 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Polygon Ecosystem. CoinGecko also records deployments on Polygon (531 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a SwissCheese alert that is worth receiving

SwissCheese is the ERC-20 at 0x3ce1…dce1 on Polygon — quoted on 1 venue we stream — high dated 2023-12-08 — rank #1939. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

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