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sETH can be traded using Coinbase Wallet, your key to the world of crypto.


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Volume (24h)


Circulating supply


All time high


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Price change (24h)


Price change (7d)


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sETH is on the rise this week.

The price of sETH has risen by 3.83% in the past 7 days. The price increased by 2.69% in the last 24 hours. In just the past hour, the price grew by 0.12%. The current price is $1,648.33 per SETH. sETH is 95.06% below the all time high of $33,354.15.

The current circulating supply is 0 SETH.


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What Is sETH (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 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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Reading List


The Block • Sep 27, 23

Bitcoin’s correlation with equities continuing to diverge

The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.

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Decrypt • Sep 27, 23

You Can Now Trade Bitcoin Mining Hashpower on Arbitrum

The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.

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Unchained • Sep 27, 23

SEC Chair Gensler Says Bitcoin Isn’t a Security

Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on

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CoinDesk • Sep 27, 23

The Protocol: Google Pushes Deeper into Blockchain

Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.

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CoinDesk • Sep 27, 23

With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)

There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.

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The Block • Sep 27, 23

FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance

Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.

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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 $0.00. 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 $33,354.15. 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 $2.45K.

What other assets are similar to sETH?

Assets that have a similar market cap to sETH include MoonPot Finance, eosDAC, Moebius, 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 0.

Can I buy sETH on Coinbase?

Yes, sETH is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy sETH guide.