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About Serum

Serum describes itself as a protocol and ecosystem for decentralized exchanges (DEX) that gives decentralized finance, exceptional speed, and cheap transaction costs. The Serum is based on Solana and is fully permissionless. Websites or applications that use Serum's protocol may adjust the experience to their target market's use case and compliance requirements.

Serum's ultimate goal is to accelerate De-Fi adoption across the world. Serum intends to offer De-Fi centralized exchanges, the speed and convenience while staying completely trustless and transparent. Further, users and developers were restricted by high gas prices and delayed transactions due to the popularity of De-Fi and the expansion of DEXs on Ethereum. The goal of Serum is to address these concerns and issues of centralization, capital inefficiencies, and liquidity fragmentation.

The whitepaper mentions that Serum is a decentralized exchange that offers trustless cross-chain trading at the speed and pricing that users choose. Despite being native to Solana, the ecosystem is interoperable with the Ethereum ecosystem and ERC20tokens. Developers are claimed to have complete control and freedom due to a decentralized on-chain order matching service that offers an infrastructure for trading apps. It is also claimed that anyone can build a trading app that can use Serum's liquidity and ecosystem advantages.

Serum offers a completely on-chain order book, allowing trading interfaces and other applications to 'plug into' Serum's modular ecosystem. The flexibility to determine the price, size, and direction of their transaction is claimed as a unique feature of this exchange mechanism for users. Serum DEX, built on top of the Asset Agnostic Order book, gives the ecosystem a larger pool of liquidity and a shared resource to support trading functionality. Permissioned marketplaces provide much more freedom and conformity.

Furthermore, Serum allows many applications and participants to share middleware in a single location. Serum-based programs offer more freedom while still adhering to basic design rules like composability. The native token of the ecosystem is SRM. Serum's utility and governance token is also SRM. The users get a fee reduction if they keep SRM in their wallets. SRM is completely integrated with Serum and can take advantage of burn fees.

Serum was founded on August 31, 2020. The whitepaper was published in July 2020. The total supply of SRM is ten billion coins.

Market

France Market Stats

Market cap

€11.3M

Volume (24h)

€1.1M

Circulating supply

263.2M SRM

All time high

€12.02

Price change (1h)

+2.07%

Price change (24h)

-0.96%

Price change (7d)

-4.77%

France News about Serum

The Block • Apr 29, 24

Australia’s largest stock exchange could list approved spot bitcoin ETFs by end of 2024: Bloomberg

Australia’s ASX stock exchange is expected to list its first approved batch of spot bitcoin ETFs on the main board by 2024.

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BeInCrypto • Apr 29, 24

Australia Gears Up for Major Bitcoin ETF Rollouts in 2024

Heavyweight ETF issuers are leading the charge to bring Bitcoin ETFs to the Australian market.The post Australia Gears Up for Major Bitcoin ETF Rollouts in 2024 appeared first on BeInCrypto.

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The Block • Apr 29, 24

South Korea to officialize crypto investigative unit amid surge in crime: report

The country’s Justice Ministry will start discussions in early May to promote the unit to an official department.

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The Block • Apr 29, 24

May preview: $1.25 billion Pyth unlock leads major token unlocks from Avalanche, Aptos, Arbitrum, and more

Here are all the crypto projects are unlocking hundreds of millions of dollars worth of tokens in the month of May.

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CoinDesk • Apr 28, 24

Protocol Village: Natix, Crowdsourced Camera Network With Web3 Incentives, Secures $9.6M

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.

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BeInCrypto • Apr 28, 24

Ethereum Prices Soar as Transaction Fees Hit Six-Month Low

Ethereum emerged as the top-performing digital asset of the week, with its price increasing by over 6%, coinciding with a significant drop in gas fees.The post Ethereum Prices Soar as Transaction Fees Hit Six-Month Low appeared first on BeInCrypto.

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Serum is on the decline this week.

The price of Serum has increased by 2.07% in the last hour and decreased by 0.96% in the past 24 hours. Serum’s price has also fallen by 4.77% in the past week. The current price is €0.0427 per SRM with a 24-hour trading volume of €1.11M. Currently, Serum is valued at 99.64% below its all time high of €12.02. This all-time high was the highest price paid for Serum since its launch.

The current circulating supply of Serum is 263,244,669 SRM which means that Serum has as total market cap of 263,244,669.

FAQ

What is the current price of Serum?

We update our Serum to EUR currency in real-time. Get the live price of Serum on Coinbase.

What is the market cap of Serum?

The current market cap of Serum is €11.27M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Serum?

The all-time high of Serum is €12.02. This all-time high is highest price paid for Serum since it was launched.

What is the 24 hour trading volume of Serum?

Over the last 24 hours, the trading volume of Serum is €1.11M.

What other assets are similar to Serum?

Assets that have a similar market cap to Serum include Bitrock, Bad Idea AI, Indigo Protocol, and many others. To see a full list, see our comparable market cap assets.

How many Serum are there?

The current circulating supply of Serum is 263 million.

Can I buy Serum on Coinbase?

No, Serum is not currently available on Coinbase, but you can sign up to get the latest news on Serum and be notified when it gets added to our exchange.

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