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seth  (SETH)

sETH (SETH)

$1,571.70 13.2%
0.03215375 BTC 1.3%
1.02441532 ETH 0.4%
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Market Cap
$177,872,430
24 Hour Trading Vol
$28,171,438
24h Low / 24h High
$1,354.30 / $1,589.15
Circulating Supply
113,172 / 113,172
Fully Diluted Valuation
$177,872,430
Max Supply
113,172
SETH
USD

How do you feel about sETH today?
100%
0%
👍 👎
1h
24h
7d
14d
30d
1y
0.2%
13.2%
-19.5%
-12.2%
12.6%
649.2%

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sETH Price and Market Stats

SETH Price $1,571.70
Market Cap $177,872,430
Market Cap Dominance 0.01%
Trading Volume $28,171,438
Volume / Market Cap 0.1584
24h Low / 24h High $1,354.30 / $1,589.15
7d Low / 7d High $1,418.14 / $1,807.30
Market Cap Rank #168
All-Time High $2,167.63 -26.8%
Feb 20, 2021 (9 days)
All-Time Low $0.01254476 12654486.0%
Apr 01, 2020 (11 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 SETH/ETH Info 0x5e74c9036fb86bd7ecdcb084a0673efc32ea31cb
$1,533.28
0.993093844739286 ETH
0.6% $8,357 $8,332
$49,497.77
32.282 0X5E7
0.18% Recently
2 SETH/SBTC
$1,577.69
0.0314367454607224 SBTC
- - -
$16,885,383.45
10702.581 SETH
59.79% Recently -
3 SETH/SUSD
$1,571.44
1538.15457001 SUSD
- - -
$10,134,281.27
6449.021 SETH
35.89% Recently -
4 SETH/ETH Info 0x5e74c9036fb86bd7ecdcb084a0673efc32ea31cb
$1,456.07
1.00524881335035 ETH
0.6% $12,678 $12,640
$3,182.83
2.186 0X5E7
- about 12 hours ago
5 SETH/ETH 0x5e74c9036fb86bd7ecdcb084a0673efc32ea31cb
$1,536.99
1.0066751071041 ETH
- - -
$24,014.69
15.625 0X5E7
- about 5 hours ago -
Show More
Anomaly BTC/USD Stale

About sETH Coin

sETH price today is $1,571.70 with a 24-hour trading volume of $28,171,438. SETH price is up 13.2% in the last 24 hours. It has a circulating supply of 110 Thousand SETH coins and a max supply of 113 Thousand. Uniswap (v2) is the current most active market trading it.

What is sETH?

sETH, or synthetic Ether is a synthetic asset launched by Synthetix Exchange. With its underlying asset being Ether (ETH), sETH mirrors and tracks the price of Ether (ETH) provided by an oracle - Chainlink.

What are synthetic assets?

Synthetic assets or Synths are derivatives that provide exposure to real-world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset.

How can I obtain sETH?

To obtain sETH, users have to first obtain Synthetic Network Tokens (SNX), which is Synthetix’s native token. Users can buy SNX from exchanges such as Binance and Uniswap

With SNX, users can then stake SNX as collateral on Mintr to mint sUSD, a synthetic US dollar stablecoin. 

The amount of sUSD minted will depend on two factors; the amount of SNX staked and the collateralization ratio (C-Ratio) of the platform. Currently, the C-Ratio is 500%. This means that if the value of SNX or Synths fluctuate, the user’s C-Ratio will fluctuate as well. 

The minted sUSD can then be exchanged for sETH or other Synths on Synthetic Exchange.

Alternatively, users can also buy sUSD directly on Synthetix Exchange with ETH. The purchased sUSD minted can then be exchanged for sETH and other Synths on Synthetic Exchange.

What other synthetic assets are there? 

The Synths tab within Synthetix Exchange displays all its supported synthetic assets available to trade.  To learn more about the inner workings of the different Synth types in detail, simply head to Synthetic’s litepaper.

In general, there are 5 types of synthetic assets:

  1. Foreign Exchange (Forex): Synths that track the price of forex currencies
    • Examples: sUSD, sEUR, sAUD etc.
       
  2. Commodity: Synths that track the price of commodities
    • Examples: sOIL, sXAU, sXAG
       
  3. Crypto: Synths that track the price of cryptocurrencies
    • Examples: sBTC, sETH, sXRP etc.
       
  4. Index: Synths that track an index - a basket of stocks or cryptocurrencies
    • Examples: sDEFI, sCEX, sNIKKEI etc.
       
  5. Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities
    • Examples: iBTC, iETH, iOIL etc.

 

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