Swarm (BZZ) Soars 53% Following Partnership With Solar Punks and Galaxis

BZZ, the native token of the Ethereum-based distributed data storage and retrieval system, Ethereum Swarm, has recorded a notable price increase over the past 24 hours. According to data from CoinGecko, the token surged by more than 53%, trading at over $0.51 in the early hours of today. The price surge was fueled by Swarm’s latest partnership with the Singapore-based Web3 platform, Galaxis.

Empowering Web3 communities with true data sovereignty!

Swarm is joining forces with @SolarPunk_buzz and @Galaxisxyz to bring censorship-resistant, self-sovereign storage to online communities.

Read more👇https://t.co/A2Mftgt9dp

— Ethereum Swarm (@ethswarm) February 17, 2025

Swarm Partners Galaxis

Per the official announcement, the partnership will enable Galaxis to integrate Swarm’s innovative peer-to-peer (P2P) storage infrastructure into its ecosystem. 

Galaxis empowers individuals and brands to boost their community engagement with reward mechanisms using non-fungible tokens (NFTs). With its built-in economy, Galaxis eliminates the need for any third-party engagement tools. The platform has worked with several popular figures, including DJ Steve Aoki and NBA star LaMelo Ball.

Integrating Swarm’s capabilities into Galaxis’ ecosystem will provide communities on the platform with advanced encryption, protecting user data ownership and privacy. The integration will also foster a censorship-resistant environment for communities to thrive as no single entity can control or remove data.

As concerns surrounding data ownership, privacy, and censorship increase, decentralized storage solutions like Swarm gain mainstream attention. 

The latest integration spurred an uptrend in BZZ’s price, driving it to $0.51 on Monday morning. While the price has mildly retracted, the token is still up 21%, trading at $0.4 at press time. 

Notably, while BZZ has witnessed an impressive spike, it is still down 98% from its all-time high (ATH) of $21 recorded in June 2021, according to CoinGecko data.

What is Swarm?

Swarm is a decentralized data storage and communication system built on the Ethereum blockchain. It operates on a sophisticated network of interconnected nodes. Node operators, also known as “bees,” provide bandwidth and storage services.

Initially launched in 2015 as a research and development initiative under the Ethereum Foundation, Swarm became an independent project in 2021, establishing the Swarm Foundation and its mainnet.

The network ensures data redundancy and efficient retrieval of stored data by splitting files into small chunks and distributing them across different nodes. By distributing data across its global network of nodes, Swarm ensures that the stored data remains readily accessible, secure, and censorship-resistant. 

Swarm incentivizes node operators to provide high-quality services using its BZZ token. Node operators receive more rewards for swiftly delivering popular data chunks and providing more bandwidth and storage.

The BZZ token powers every activity on the Swarm ecosystem. The token helps to maintain the network’s integrity while promoting a fair allocation of resources on the platform.

Users are required to pay BZZ tokens to gain access to Swarm network’s data relay and storage services. The tokens paid are then used to reward node operators for providing bandwidth and storage

BZZ also serves as the native governance token of the Swarm network. Holders can vote on certain proposals that can affect the growth of the ecosystem. The token has a total supply of 63,149,437 BZZ, with a market cap of $25.6 million. It was trading at $0.4 at the time of writing.

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