Latest SWEAT (SWEAT) News Update

TLDR SWEAT’s community marches to the beat of burns and ecosystem growth. Here’s what’s trending:
1. Record 150M SWEAT burn sparks deflation hopes
2. BYDFi listing expands exchange access
3. Co-founder interview frames movement as global currency

Deep Dive

1. @SweatEconomy: Largest 2025 token burn bullish

"🔥 150,000,000 $SWEAT burned – verify on-chain"
– @SweatEconomy (1.2M followers · 284K impressions · 2025-08-02 10:35 UTC)
View original post
What this means: This is bullish for SWEAT because the burn reduces circulating supply by 2.08% (7212M circulating), potentially easing sell pressure.

2. @BYDFi: New exchange listing neutral

"SWEAT/USDT trading pairs now live" (24 July 2025 announcement)
View announcement
What this means: This is neutral for SWEAT because while listings improve liquidity, SWEAT remains down 45% since listing (90-day price), suggesting muted market reaction.

3. @oleg_fem: Health-to-crypto vision mixed

"Movement becoming global health currency" (13 Aug 2025 podcast)
– @oleg_fem (86K followers · 121K impressions · 2025-08-13 07:22 UTC)
View discussion
What this means: This is mixed for SWEAT – while expanding real-world use cases could drive adoption, the token still trades 66.5% below 2024 highs (1-year chart), showing execution risks remain.

Conclusion

The consensus on SWEAT is cautiously optimistic, balancing deflationary burns against persistent price weakness. While ecosystem developments like the NEAR-powered wallet (9 Aug 2025 update) show technical progress, traders should monitor whether the 150M burn translates to sustained demand above $0.00224 – a level that’s held since 19 August’s 11% intraday rally.

TLDR SWEAT’s latest updates focus on expanding wallet functionality and improving user incentives.

1. Multichain Wallet Integration (28 July 2025) – Preparing cross-chain transactions using $SWEAT as gas fee currency.
2. Growth Jar Deposit Caps (14 July 2025) – Implemented 10M $SWEAT/user limit to balance ecosystem incentives.
3. NEAR Protocol Optimization (25 July 2025) – Enhanced transaction throughput for fitness reward payouts.

Deep Dive

1. Multichain Wallet Integration (28 July 2025)

Overview: SWEAT Wallet will soon enable cross-chain transactions, allowing users to interact with multiple blockchains while paying fees in $SWEAT.

This upgrade leverages NEAR Protocol’s Rainbow Bridge technology to facilitate asset transfers between Ethereum, BNB Chain, and other networks. Developers are implementing universal gas fee conversion, letting users burn $SWEAT to cover transaction costs on any supported chain.

What this means: This is bullish for SWEAT because it expands utility beyond fitness rewards, positioning the token as a multichain payment tool. Reduced friction for cross-chain activity could attract DeFi users.
(Source)

2. Growth Jar Deposit Caps (14 July 2025)

Overview: A 10M $SWEAT deposit limit per user was added to Growth Jars, with 500K per jar.

The code update introduced smart contract checks rejecting excess deposits, aiming to prevent whale dominance in yield pools. This follows community feedback about fairer reward distribution.

What this means: This is neutral for SWEAT because while it promotes equitable access, it might temporarily reduce demand from large holders. The cap aligns with long-term ecosystem health.
(Source)

3. NEAR Protocol Optimization (25 July 2025)

Overview: Backend improvements increased NEAR-based transaction capacity to 5M+ monthly fitness reward payouts.

Engineers optimized batch processing of step-to-SWEAT conversions and reduced gas overhead by 18%. The update also introduced dynamic fee adjustments during peak usage.

What this means: This is bullish for SWEAT because faster, cheaper conversions improve user experience for 110M+ Sweatcoin app users, strengthening the move-to-earn loop.
(Source)

Conclusion

SWEAT is prioritizing interoperability and scalability, with multichain functionality poised to amplify its role beyond fitness tracking. The balance between user incentives and ecosystem sustainability remains central. How might cross-chain capabilities influence partnerships with health-focused dApps?

TLDR SWEAT's development continues with these milestones:

1. RunGP Activation (2025) – Launching global sports events with $SWEAT rewards on F1 circuits.
2. Multichain Expansion (Q3 2025) – Adding Bitcoin, Solana, TON, and TRON integrations.
3. Decentralized Data Marketplace (2025) – User-controlled health data monetization via Data Unions.

Deep Dive

1. RunGP Activation (2025)

Overview:
SWEAT plans to launch RunGP events on Formula 1 circuits, merging fitness with fan engagement. Users earn $SWEAT for participating in races, with rewards tied to performance metrics. This initiative targets SWEAT’s 110M+ user base and Formula 1’s global audience (SWEAT Whitepaper).

What this means:
This is bullish for SWEAT because it expands utility beyond individual fitness into mass-event gamification, potentially driving token demand through partnerships and sponsorships. Execution risks include scaling logistics and maintaining user incentives.

2. Multichain Expansion (Q3 2025)

Overview:
SWEAT will integrate Bitcoin, Solana, TON, and TRON, building on existing NEAR and EVM-chain support. The roadmap includes 1:1 multichain deposits/withdrawals and using $SWEAT as gas across all networks (SWEAT Whitepaper).

What this means:
This is neutral-to-bullish as interoperability could attract developers and users from diverse ecosystems, but success depends on liquidity and adoption across chains. Delays in protocol support or low cross-chain activity could dampen impact.

3. Decentralized Data Marketplace (2025)

Overview:
A framework for users to monetize health data (e.g., steps, heart rate) through opt-in sharing with insurers, researchers, or brands. SWEAT will act as the settlement layer, with Data Unions pooling anonymized datasets (Medium Roadmap).

What this means:
This is bullish because it creates a new revenue stream for users and aligns with Web3 data ownership trends. Regulatory hurdles around health data and user trust in anonymization protocols remain key risks.

Conclusion

SWEAT’s roadmap prioritizes ecosystem growth through sports partnerships, multichain scalability, and data monetization. While these initiatives could enhance utility and adoption, their success hinges on execution and market conditions. How will SWEAT balance centralized partnerships with its decentralized governance ambitions?

TLDR SWEAT strides into the spotlight with ecosystem expansions and token burns. Here are the latest updates:

1. Co-Founder Explains Movement Economy (13 August 2025) – Oleg Fomenko details how physical activity translates into economic value.
2. 150M SWEAT Burned in 2025’s Largest Burn (2 August 2025) – Deflationary move reduces supply by 0.7% of circulating tokens.
3. BYDFi Lists SWEAT/USDT Pair (25 July 2025) – Major Asian exchange integration boosts accessibility.

Deep Dive

1. Co-Founder Explains Movement Economy (13 August 2025)

Overview:
SWEAT co-founder Oleg Fomenko appeared on the Untangling Web3 podcast, framing the project as a bridge between fitness data and blockchain-based rewards. He emphasized SWEAT’s role in monetizing physical activity for 110M+ Sweatcoin app users, with 1.5B SWEAT currently staked in Growth Jars.

What this means:
This reinforces SWEAT’s unique positioning in the move-to-earn niche, potentially attracting health-focused partnerships. However, converting non-crypto Sweatcoin users remains a key challenge. (Sweat Economy)

2. 150M SWEAT Burned in 2025’s Largest Burn (2 August 2025)

Overview:
A wallet linked to Sweat Economy executed a 150M SWEAT burn (worth ~$322,500 at current prices), equivalent to 0.7% of circulating supply. This follows June’s 115.4M SWEAT staking surge.

What this means:
Burns counterbalance new token unlocks from user activity, creating deflationary pressure. With 52% annualized price decline, sustained burns could help stabilize prices if demand rebounds. (Sweat Economy)

3. BYDFi Lists SWEAT/USDT Pair (25 July 2025)

Overview:
BYDFi added SWEAT spot trading, joining Bitvavo’s May 2024 listing. The exchange reported $4.85M SWEAT volume in the past 24 hours – 17% below its 30-day average.

What this means:
While expanding to Asian markets improves liquidity, SWEAT’s 0.31 turnover ratio suggests thin order books. Traders should monitor whether listing drives sustained volume above $5M daily. (BYDFi)

Conclusion

SWEAT is doubling down on exchange listings and supply reduction while evangelizing its fitness-to-crypto model. The 90-day price drop of 52% shows skepticism about user conversion rates – can upcoming multichain wallet upgrades (teased for Q3 2025) reignite momentum?