Serum

Serum PriceSRM

Rank #1606

$0.01177

+129.11%

About Serum (SRM)

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Website

projectserum.com

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Serum is a fully decentralized exchange designed to enable trustless cross-chain transactions without reliance on any third party. Developed collaboratively by Project Serum, various crypto assets, and DeFi experts, Serum aims to create a permissionless and community-driven ecosystem. After the launch of the Serum protocol by the Serum Foundation, no special permissions or control remain with the foundation; instead, governance and operation are fully handed over to the cryptocurrency community, ensuring true decentralization. The Serum ecosystem is powered by its native token, SRM, which functions similarly to platform tokens on centralized exchanges. Users pay transaction fees in SRM, and a portion of these fees is systematically used to buy back and burn SRM tokens, reducing overall supply and potentially increasing value. Holding SRM tokens grants users benefits such as a 50% reduction in transaction fees, and these fees can also be paid directly in SRM. Furthermore, Serum introduces the Megaserum (MSRM) token, which is a synthetic token representing one million SRM. MSRM holders receive enhanced benefits, including a 60% discount on transaction fees, appealing particularly to users with high trading volumes. To support decentralized cross-chain solutions, Serum employs a verifier system where participants can become verification nodes by pledging 10 million SRM along with one MSRM. These nodes provide cross-chain services and earn a portion of the transaction fees as rewards. Additionally, verification nodes receive staking rewards distributed by the protocol, incentivizing active participation in maintaining network security and reliability. This robust design positions Serum as a leading decentralized exchange offering efficient, scalable, and user-centric trading across multiple blockchains.

Serum (SRM) Price Trends

No record
24H High$0.01707
24H Low$0.00514
24H Volume$151.17K
Market Cap
$4.39M
All-Time High(ATH)$13.78
Circulating Supply
372.78M SRM
All-Time Low(ATL)$0.02221
Total Supply
1.09B SRM
Market Cap/FDV
3.67%
Max Supply
10.16B SRM
Fully Diluted Valuation
$12.87M
Market SentimentNeutral

Live Serum (SRM) Price Update

Serum price today is $0.01177 with a 24-hour trading volume of $151.17K, and as such Serum has a market cap of $4.39M, giving it a market dominance of 0.00065%. The Serum price moved +129.11% in the last 24 hours.

Time period
Change amount
% Change
1H+$0.001086+10.16%
24H+$0.006637+129.11%
7D+$0.005509+87.89%
30D+$0.003979+51.03%
1Y-$0.03111-72.54%

Credibility Indicators

55.82
Reliability Score
PercentileTOP 40%

Popular SRM Exchanges

Team Members

S
Sam Bankman-Fried

Investors

Multicoin CapitalMulticoin Capital
Tiger Global ManagementTiger Global Management
Jump TradingJump Trading
Commonwealth Asset ManagementCommonwealth Asset Management
Tagus CapitalTagus Capital

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Insight

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