- #1184
sETH SETH
SETH Price
Market Cap
$15.50 MRank #1184FDV
$40.05 MRank #883Investors
X Followers
Detailed Performance
SETH shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SETH to USD Converter
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About sETH (SETH)
What is sETH?
sETH is a synthetic asset on the Synthetix platform. It represents a synthetic version of Ethereum (ETH) and is designed to track the price of ETH. It allows users to gain exposure to the price movements of ETH without actually owning the underlying asset. sETH can be minted by exchanging ETH and can be traded for other synthetic assets like sUSD or used for various trading strategies within the Synthetix ecosystem.
What makes sETH unique?
sETH is a synthetic asset that is created on the Synthetix platform by minting it with ETH. What makes sETH unique compared to other cryptocurrencies is that it is a representation of the price of ETH, allowing users to gain exposure to the price movement of ETH without actually owning the underlying asset. This means that users can trade sETH for other synthetic assets, such as sUSD or sBTC, without experiencing slippage. Additionally, sETH can also be used for shorting ETH through the use of inverse synthetic assets like iETH. In the future, Synthetix plans to expand its offerings to include stocks and margin trading, further enhancing the unique features of sETH.
Live sETH Price Data
The current price of sETH (SETH) is approximately $1,338.03, reflecting a increase of 5144.50% in the last 24 hours. The SETH trading volume in the last 24 hours stands at $3,097.14. sETH's market cap is currently $15.50 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of SETH is 11,584.25.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand sETH's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SETH, check out our crypto insights page.