Coinbase has announced support for the native token of the SWELL protocol, a new Ethereum layer-2 restaking protocol. SWELL is the governance token for the Swell DAO, which manages the development and growth of the restaking protocol. Coinbase has added an "experimental label" to SWELL due to certain risks associated with the token. SWELL is currently trading at $0.0372 and has seen a 9% increase in value on its first day of trading. Other exchanges, such as Kraken and KuCoin, have also listed SWELL.



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