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Serum

Serum SRM Price $ 0.0702

Rank: 856

909 Watchlists

DeFi

SRM Price

0.0702
2.62%
($ 0.00179)
Price Range
LowHigh
$ 0.0658$ 0.0758

With the collapse of Alameda and FTX, the Serum program on mainnet became defunct. Read more: https://twitter.com/projectserum... Be careful and DYOR.

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Serum is the world's first fully decentralized derivatives exchange with trust-based cross-chain trading.

Serum (SRM) Chart

The Serum to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

SRM to USD Converter

Serum (SRM)SRM

IEO

7 Aug — 7 Aug 2020

Raised

$ 510.00K

Price:

$ 0.170

ROI:

0.41x  -58.7%

Platform:

N/A

ATH ROI:

81.67x  +8,067%

SRM Price Statistics

leaderboard

Market Cap

$ 26.34M

FDMC

$ 717.95M

ATH Market Cap

$ 1.27B

24 Trade Vol.

$ 2.27M


Vol. (24h) / MCap

0.0863

Max Supply

SRM 10,161,000,000

Total Supply

SRM 1,092,844,982

Circulating Supply

SRM 372.78M

(3.67% of Max Supply)

Listing Date

11 Aug 2020

IEO Price

$ 0.170

7 Aug 2020

IEO ROI

58.4%

0.416x

All Time High

$ 13.88

11 Sep 2021


All Time Low

$ 0.0284

20 Oct 2023


From ATH

99.5%

From ATL

149%

Serum Price Analysis

What is Serum (SRM)?

Built on the Solana blockchain, Serum operates as a decentralized exchange software. It aims to address the issues of centralization, capital inefficiency, and liquidity problems across the current DeFi landscape. Serum was launched in 2020 and offers a comprehensive product suite designed to help maximize potential DeFi opportunities across the Solana network. 

SRM is the platform’s native cryptocurrency.

What are Serum’s key features and how does it work?

The Serum protocol is designed to offer an alternative to the automated market making (AMM) model. It features a decentralized order book system that is crucial to the platform’s operations. Unlike an AMM, the platform does not rely on liquidity pools from which traders can buy and sell crypto. Instead, it consists of smart contracts that are designed to copy the way traditional exchanges work by matching buyers with sellers. This matching happens automatically via smart contracts and provides traders with a flexible approach to trading, including pricing and order sizes. Fees for trades are payable in SRM. 

Serum is cross-chain compatible. This means that traders can use the platform to trade tokens native to other platforms via cross-chain swaps. This includes Ethereum and Polkadot. Likewise, decentralized projects built on other chains can access the tools provided by Serum.

What can SRM be used for?

The SRM token functions as a utility token of the Serum network. It can be used to pay for transaction fees and holders are entitled to discounted fees if they use SRM for fees. It is also worth noting that the SRM platform has another native currency, the MegaSerum token (MSRM). Users who have locked 1,000,000 SRM are entitled to swap the amount for 1 MSRM token. Holding MSRM gives better rewards than holding the equivalent in SRM. Furthermore, in order to operate a node and help secure the network, users must hold at least 1 MSRM token.

Where can you buy SRM?

SRM is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, AscendEX, OKX and Gate.io. The price of SRM will vary depending on the choice of exchange and overall market conditions. Please view the SRM price charts on this page for up-to-date and historic market price data.

Serum Price Today

Serum's current price is $ 0.0702, it has increased +2.62% over the past 24 hours.

Serum's All Time High (ATH) of $ 13.88 was reached on 11 Sep 2021, and is currently -99.5% down.

The current circulating supply of Serum is 372.78 Million tokens, and the maximum supply of Serum is 10.16 Billions.

Serum’s 24 hour trading volume is $ 2.26 Million.

Serum's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 26.18 Million.

You can find more details about Serum on its official website and on the block explorer.

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