Swapnet was an early-stage interest-rate-swap project on Ethereum that was scrapped by its team and rebuilt as Notional Finance, the fixed-rate crypto lending and borrowing protocol. Notional Finance Fka Swapnet's Twitter Score is 10 out of 1000 as of September 2026, ranking #90,459 among 486,860 tracked accounts.
Notional Finance Fka Swapnet operated briefly as an interest-rate-swap platform before the team abandoned the concept and began building what became Notional Finance. The operating company was incorporated in 2020 as Swapnet Inc. and later identified itself in an SEC Form D as Notional Finance Inc. Notional Finance was co-founded by Teddy Woodward as Co-Founder and CEO and Jeff Wu as Co-Founder and CTO. The @swapnet_defi account is now obsolete and redirects users to Notional Finance.
Notional Finance Fka Swapnet evolved into Notional Finance, an Ethereum protocol for fixed-rate, fixed-term crypto-asset lending and borrowing built around the fCash financial instrument. The protocol launched V1 on Ethereum mainnet in January 2021 and subsequently closed a $10M Series A round announced on April 29, 2021, led by Pantera Capital with participation from ParaFi Capital, 1confirmation, Spartan Group, Nascent, Nima Capital, and Coinbase. Governance of the protocol is managed through NOTE, an ERC-20 token whose holders can propose and vote on changes to system parameters and smart contracts.
Notional Finance Fka Swapnet's successor protocol has continued to expand its product suite. Notional Finance launched V3 in beta on Arbitrum on September 25, 2023, and during 2024 extended V3 to Ethereum mainnet, introduced a NOTE buy-and-burn mechanism, and expanded leveraged-yield offerings. In June 2025, the team introduced Notional Exponent as a leveraged-yield product, with both V3 and Exponent designed to contribute to NOTE value accrual. The account has published 8 posts across its history. Notional Finance Fka Swapnet has been mentioned by 5 accounts a total of 7 times.
Who follows Notional Finance Fka Swapnet on X?
The accounts that follow Notional Finance Fka Swapnet include 22 founders, 19 angel investors and 3 influencers. Among the notable followers are Fred Ehrsam, Robert Leshner, Tarun Chitra, Ali Yahya, Matthew Graham and Miles Jennings.