sETH (SETH) Price
SETH RANK #1628The price of sETH (SETH) is calculated by aggregating the latest data across multiple exchanges and markets, using a global volume-weighted average formula. Since SETH was not traded in the last 24 hours, the price above is a reflection of the last recorded price. Learn more about how crypto prices are calculated on CoinGecko. 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. 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.
