sETH Price (SETH)

Unlisted

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: Foreign Exchange (Forex): Synths that track the price of forex currencies Examples: sUSD, sEUR, sAUD etc.

Commodity: Synths that track the price of commodities

Examples: sOIL, sXAU, sXAG

Crypto: Synths that track the price of cryptocurrencies

Examples: sBTC, sETH, sXRP etc.

Index: Synths that track an index - a basket of stocks or cryptocurrencies

Examples: sDEFI, sCEX, sNIKKEI etc.

Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities

Examples: iBTC, iETH, iOIL etc.

What is the current price of sETH?

sETH is trading at $2553.15, representing a price movement of -1.30% over the last 24 hours. This live figure reflects real-time market trading data aggregated across global exchanges.

How does SETH compare to the global crypto market?

Its daily change of -1.30% can be contrasted with broader market averages. If SETH is outperforming the market, it suggests strong buying interest or positive developments specific to its ecosystem.

How is sETH performing compared to Crypto-Backed Tokens,Decentralized Finance (DeFi),Synthetic Asset,Derivatives,Ethereum Ecosystem,Optimism Ecosystem,Synthetic tokens?

Within the Crypto-Backed Tokens,Decentralized Finance (DeFi),Synthetic Asset,Derivatives,Ethereum Ecosystem,Optimism Ecosystem,Synthetic segment, SETH demonstrates competitiveness driven by trading volume, market cap, and ongoing activity on the -- network.

What is sETH's market capitalization today?

The market cap of $29503804 positions SETH at rank #900, indicating its relative maturity and investor confidence compared to other tokens.

What are the 24h price range levels?

Prices today have ranged from $2537.66 to $2600.1, offering context for traders tracking volatility and market structure.

How actively is SETH trading?

sETH has generated $-- in 24-hour trading volume. High volume often correlates with stronger price trends and improved market liquidity.

How does supply impact SETH's valuation?

With 11584.25414847524 tokens in circulation, supply levels help define scarcity and long-term valuation, especially when compared to other tokens with inflationary or deflationary models.