Just because swap is allocated, doesn't mean it's being 'used'. Whilst programs like system monitor and top will show some of your swap space being allocated (in your example 770MB) that doesn't mean that the system is actively swapping in/out.
To find out if anything is swapping in/out you can use the vmstat command. Leave it running a few seconds to settle down and watch the si (swapin) and so (swapout) columns. If nothing is happening then there is no reason to be concerned.
Here's the output of running vmstat 1, where you can see my machine is not swapping at all.
procs -----------memory---------- ---swap-- -----io---- -system-- ----cpu----
r b swpd free buff cache si so bi bo in cs us sy id wa
0 0 78588 230788 9596 72196 0 0 0 0 543 652 12 6 78 0
0 0 78588 230780 9596 72196 0 0 0 0 531 410 1 0 99 0
0 0 78588 230796 9596 72196 0 0 0 0 300 335 1 1 97 0
1 0 78588 230788 9608 72224 0 0 40 0 737 762 4 4 84 8
5 0 78588 230788 9608 72224 0 0 0 0 415 385 9 3 84 0
0 0 78588 230540 9616 72224 0 0 0 44 611 556 55 5 31 0
0 0 78588 230532 9616 72224 0 0 0 0 574 662 1 6 89 0
Yet here in top you can see I have swap space allocated:-
Mem: 475236k total, 245076k used, 230160k free, 9720k buffers
Swap: 491512k total, 78588k used, 412924k free, 72476k cached