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.

Which blockchain network does sETH run on?

sETH operates on the -- network, which defines how transactions are processed, the speed of confirmations, and overall security. The chain also determines compatibility with wallets, dApps, and smart contract standards.

What is the current price of SETH?

The token is priced at £2197.4177343984476000, marking a price movement of -1.37% over the last 24 hours. Price updates are aggregated from leading global exchanges in real time.

What category does sETH belong to?

sETH falls under the Crypto-Backed Tokens,Decentralized Finance (DeFi),Synthetic Asset,Derivatives,Ethereum Ecosystem,Optimism Ecosystem,Synthetic category. This classification helps investors compare SETH with similar assets in the same sector, such as DeFi, meme, Layer-1, Layer-2, or AI tokens.

What is the market capitalization of sETH?

Its market capitalization is £25449667.82243199964000, placing the asset at rank #845. Market cap provides a broad measure of size, adoption, and investor confidence.

How much supply of SETH is currently circulating?

There are 11584.25414847524 tokens circulating in the market. This amount directly influences supply-demand balance, price discovery, and inflation expectations.

How active is trading for sETH today?

Over the past day, SETH generated £-- in trading volume. Strong volume often indicates heightened market interest or reactions to recent news.

How does the price today compare to recent highs and lows?

Within the last 24 hours, sETH fluctuated between £2187.2915926351464000 and £2241.5949953554404000, giving traders insight into short-term volatility and potential breakout zones.