About sETH
Synth sETH by Synthetix Tracks the price of Ether through price feeds supplied by an oracle.
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Trading Insights
Searched
6
Market Stats
Market Cap
₹2.47B
1.01%
FDV
₹2.47B
Circ. Supply
12K SETH
Max Supply
12K SETH
Total Supply
30K SETH
Diluted Valuation
₹2.46B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹3.45K
-96.39%
Volume (7D)
₹26.36K
Volume (30D)
₹95.43K
All time high
₹828.59K
Price Change (1Y)
-29.01%
Additional details
Recent trends
The latest SETH price is ₹212,438.32. Compared to sETH's value of ₹210,306.43 from 24 hours ago, there's been a 1% increase, while the current price is 3% up from ₹205,310.43 which was recorded one week ago. sETH's all time high is ₹828,589.50, which was reached on November 17, 2021. This is a -74% change from its price today.
The current circulating supply of sETH is 11,584. This is 100% of its max supply of 11,584 SETH and 39% of its total supply of 29,935. The market cap is currently ₹2.47B, which is a result of multiplying the current price of sETH(₹212,438.32) by the total supply(29,935 SETH). The fully diluted valuation of sETH is ₹2.47B. The diluted valuation of sETH is ₹2.47B.
Market details
SETH vs markets
↘ 49.66%
SETH vs BTC
↘ 57.11%
SETH vs ETH
↘ 2.25%
Tags
defi
synthetics
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x5e74C9036fb86BD7eCdcb084a0673EFc32eA31cb | |
Optimism | 0xE405de8F52ba7559f9df3C368500B6E6ae6Cee49 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹212,438.32 | ↗ 1.25% |
1 Day | ₹210,306.43 | ↗ 1.25% |
1 Week | ₹205,310.43 | ↗ 2.91% |
1 Month | ₹209,545.42 | ↗ 0.28% |
1 Year | ₹288,892.36 | ↘ 29.01% |
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 INR currency in real-time. Get the live price of sETH on Coinbase.
The current market cap of sETH is ₹2.47B. A high market cap implies that the asset is highly valued by the market.
The all-time high of sETH is ₹828,589.50. 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 ₹3.45K.
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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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
sETH calculator
1 sETH (SETH) to Canadian Dollar (CAD)
CA$3,359.99
1 sETH (SETH) to British Pound (GBP)
£1,818.48
1 sETH (SETH) to Japanese Yen (JPY)
¥356,518.87
1 sETH (SETH) to Indian Rupee (INR)
₹212,438.32
1 sETH (SETH) to Real (BRL)
R$13,477.08
1 sETH (SETH) to Euro (EUR)
€2,128.50
1 sETH (SETH) to Nigerian Naira (NGN)
NGN 3,800,696.50
1 sETH (SETH) to South Korean Won (KRW)
₩3,358,253.06
1 sETH (SETH) to Singapore Dollar (SGD)
S$3,152.04
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Legal
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.
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