About sETH
Synth sETH by Synthetix Tracks the price of Ether through price feeds supplied by an oracle.
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Market Stats
Market Cap
$17,980,850.27
-0.71%
FDV
$17,980,850.27
Circulating Supply
11,584.254 SETH
Max Supply
11,584.254 SETH
Total Supply
29,935.4 SETH
Diluted Valuation
$18,160,558.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$2,077.69
16.45%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$9,569.65
Overall Price Change (1Y)
-0.51%
Additional info about sETH
Recent trends
The price of sETH has decreased by 0.23% in the last hour and decreased by 1.33% in the past 24 hours. sETH’s price has also risen by 31.77% in the past week. The current price is $1,559.48 per SETH with a 24-hour trading volume of $2.08K. Currently, sETH is valued at 83.70% 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 11,584.254 SETH which means that sETH has as total market cap of $17,980,850.27.
Market details
SETH vs markets
↘ 61.76%
SETH vs BTC
↘ 66.87%
SETH vs ETH
↘ 11.73%
Tags
defi
synthetics
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x5e74C9036fb86BD7eCdcb084a0673EFc32eA31cb | |
Optimism | 0xE405de8F52ba7559f9df3C368500B6E6ae6Cee49 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1,559.48 | ↘ 1.33% |
1 Day | $1,580.89 | ↘ 1.33% |
1 Week | $1,183.87 | ↗ 31.77% |
1 Month | $1,819.91 | ↘ 14.29% |
1 Year | $3,176.49 | ↘ 50.89% |
FAQ
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.
We update our sETH to USD currency in real-time. Get the live price of sETH on Coinbase.
The current market cap of sETH is $17.98M. A high market cap implies that the asset is highly valued by the market.
The all-time high of sETH is $9,569.65. This all-time high is highest price paid for sETH since it was launched.
Over the last 24 hours, the trading volume of sETH is $2.08K.
Assets that have a similar market cap to sETH include SorachanCoin, STPAY, Vectorium, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of sETH is 12 thousand.
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Social stats
Popularity in posts
#2819
Contributors
9,022
Posts
14,154
% About sETH
0.009%
Articles
16
Hold times
0 days
X (Twitter)
50.56% bullish
Sentiment
4.1 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
9,022 unique individuals are talking about sETH and it is ranked #2,819 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, sETH has an average sentiment score of 82 out of 5. Finally, sETH is becoming less newsworthy, with 16 news articles published about sETH.
On Twitter, people are mostly bullish about sETH. There were 61.24% of tweets with bullish sentiment compared to 21.13% of tweets with a bearish sentiment about sETH. 38.76% of tweets were neutral about sETH. These sentiments are based on 4952 tweets.
On Reddit, sETH was mentioned in 652 Reddit posts and there were 223402 comments about sETH. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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sETH calculator
1 sETH (SETH) to Canadian Dollar (CAD)
CA$2,156.75
1 sETH (SETH) to British Pound (GBP)
£1,160.34
1 sETH (SETH) to Japanese Yen (JPY)
¥221,587.25
1 sETH (SETH) to Indian Rupee (INR)
₹132,957.18
1 sETH (SETH) to Real (BRL)
R$8,818.65
1 sETH (SETH) to Euro (EUR)
€1,365.46
1 sETH (SETH) to Nigerian Naira (NGN)
NGN 2,505,431.57
1 sETH (SETH) to South Korean Won (KRW)
₩2,240,814.88
1 sETH (SETH) to Singapore Dollar (SGD)
S$2,040.72
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.