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sETH (SETH) is not tradable on Coinbase.

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

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sETH

SETH

About sETH

Synthetix is a decentralized synthetic asset distribution protocol created on Ethereum and the Optimistic Ethereum network (a layer two scaling protocol built on Ethereum). The platform has developed a locked-in contract centralized with the native token SNX for the creation of Synths, or ‘Synthetic assets’. These synthetic assets enable users to perform transactions between Synths directly with the smart contract, avoiding the need for counterparties. The pooled collateral model allows users to crack liquidity and slippage issues experienced by decentralized exchanges (DEXs). Synthetix currently supports traditional synthetic currencies, cryptocurrencies, and commodities.

According to its litepaper, SNX holders are rewarded for staking their tokens based on a pro-rata share of the fees developed via the trading activity on Synthetix from integrators. Synths are created when SNX holders stake their SNX as collateral on the Synthetix Staking app, a decentralized application (dApp) for communicating with the Synthetix contract. Subsequently, all Synths are backed by SNX tokens. However, traders do not need to hold SNX tokens to trade on the Synthetix infrastructure.

Next, Synthetix also utilizes Ether (ETH) as an alternative form of collateral. This represents that traders can get Synths against their ETH and start trading instantly, rather than needing to give up on their ETH. It creates a debt denominated in ETH, so ETH stakers mint sETH.

Trading on Synthetix infrastructure delivers many benefits over centralized exchanges and order book-based DEXs. The scarcity of an order book represents that all trades are conducted against the contract, known as peer-to-contract (P2C) trading. Assets are allocated an exchange rate via price feeds offered by an oracle and can be converted utilizing the Kwenta.io dApp. This provides endless liquidity up to the total amount of collateral in the system, zero slippage, and permissionless on-chain (on blockchain) trading.

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Market

Market stats

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$28.2M

Volume (24h)

$12.71

Circulating supply

11.6K SETH

All time high

$9,569.65

Market performance

Price change (1h)

+0.06%

Price change (1d)

+2.92%

Price change (1w)

+0.89%

Price change (2w)

-9.74%

Price change (1m)

+4.17%

Price change (1y)

+58.09%

Market benchmarks

Performance (1Y)

+58.58%

Vs. Market (1Y)

-23.35%

Vs. BTC (1Y)

-32.78%

Vs. ETH (1Y)

-0.56%

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sETH is on the rise this week.

The price of sETH has increased by 0.06% in the last hour and increased by 2.92% in the past 24 hours. sETH’s price has also risen by 0.89% in the past week. The current price is $2,434.37 per SETH with a 24-hour trading volume of $12.71. Currently, sETH is valued at 74.56% below its all time high of $9,569.65. This all-time high was the highest price paid for sETH since its launch.

The current circulating supply of sETH is 11,584.244 SETH which means that sETH has as total market cap of 11,584.244.

FAQ

What is the current price of sETH?

We update our sETH to USD currency in real-time. Get the live price of sETH on Coinbase.

What is the market cap of sETH?

The current market cap of sETH is $28.17M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of sETH?

The all-time high of sETH is $9,569.65. This all-time high is highest price paid for sETH since it was launched.

What is the 24 hour trading volume of sETH?

Over the last 24 hours, the trading volume of sETH is $12.71.

What other assets are similar to sETH?

Assets that have a similar market cap to sETH include DBXen, Papa, Olympus v1, and many others. To see a full list, see our comparable market cap assets.

How many sETH are there?

The current circulating supply of sETH is 12 thousand.