Market cap
$696.44K
1.94 %
Volume (24h)
$10.43K
1.94 %
Circulating supply
10,999,414 NETT
Total supply
10,999,414 NETT
Max. supply
100,000,000 NETT
Netswap (NETT)
$ 0.01
1.94 %
Main info
News
Comments
Markets
Analytics
Key data
updated $0Market cap$696.44K
Volume 24h$10.43K
Circulating supply11M11% of max 100M
All-time high$28.25-100% from peak · 2022-01-10
Netswap (NETT) is the native token of Netswap, a decentralized exchange (DEX) built on the Metis Andromeda layer-2 network. In simple terms, it's a platform where people can swap tokens, provide liquidity, and earn rewards without going through a middleman — all with the low fees and fast transactions that come with layer-2 technology. NETT is used for governance, staking, and earning a share of the platform's activity.
Frequently asked questions
What is Netswap and how is it different from other exchanges?
Netswap is a decentralized exchange running on Metis Andromeda, an Ethereum layer-2 network. Unlike centralized exchanges, it doesn't hold your funds or require an account — trades happen directly between users' wallets through smart contracts. Its main edge is significantly lower fees and faster transactions compared to trading directly on Ethereum's mainnet.
How does Netswap work technically?
Netswap uses an automated market maker (AMM) model, similar to Uniswap: instead of order books, prices are determined by liquidity pools where users deposit pairs of tokens. Smart contracts on the Metis layer-2 network execute swaps, and the network itself relies on Optimistic Rollup technology, which batches transactions and settles them on Ethereum for security.
How is NETT issued and distributed?
NETT has a fixed maximum supply and is distributed mainly as rewards to liquidity providers and stakers, which is a common model for DEX tokens. A portion of the supply is typically allocated to the team, ecosystem development, and community incentives with vesting schedules. Emission happens gradually through reward mechanisms rather than all at once.
How can I store and use NETT?
Since NETT lives on the Metis Andromeda network, you can store it in any wallet that supports Metis, such as MetaMask configured for the network. Beyond holding, you can use NETT to stake for rewards, participate in governance votes, or add it to liquidity pools on Netswap itself. Always double-check the network settings before transferring.