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Market

Market stats

Market cap

$20.0M

Volume (24h)

$2.6M

Circulating supply

263.2M SRM

All time high

$12.89

Price change (1h)

+1.16%

Price change (24h)

+6.47%

Price change (7d)

+55.56%

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.

News about Serum

BeInCrypto • Mar 05, 24

This ‘Blue-Chip’ NFT Sold for $16 Million in Return to Risk-On Crypto Fever

CryptoPunk #3100's sale for over $16 million highlights a renewed fervor in the NFT market, signaling potential bull market momentum and heightened collector interest.The post This ‘Blue-Chip’ NFT Sold for $16 Million in Return to Risk-On Crypto Fever appeared first on BeInCrypto.

Read more

News Article Image

CoinDesk • Mar 05, 24

Deribit's Bitcoin Volatility Index Signals Price Turbulence, Hits 16-Month High

The surging implied volatility has boosted the allure of "call overwriting" strategies that allow investors to generate additional yield on top of their spot market holdings.

Read more

News Article Image

The Block • Mar 05, 24

Taiwan’s financial regulator explores special act to regulate crypto

Taiwan’s Financial Supervisory Commission is studying the possibility of a special act focused on crypto and plans to release preliminary results in September.

Read more

News Article Image

The Block • Mar 05, 24

Over $115 billion of ether is now staked on the Beacon Chain

Over 31.5 million ether is staked on Ethereum's proof-of-stake consensus layer called Beacon Chain, totaling $115 billion in value.

Read more

News Article Image

The Defiant • Mar 05, 24

Bitcoin Tags New All-Time High Above $68,730

BTC’s record price-high follows the impressive performance of spot Bitcoin ETFs and comes just weeks before its fourth halving event.

Read more

News Article Image

BeInCrypto • Mar 05, 24

This Institutional Investor Is Raising $600 Million to Buy Bitcoin

Learn about MicroStrategy's plan to bolster its Bitcoin holdings amid a price surge, aiming to raise $600 million.The post This Institutional Investor Is Raising $600 Million to Buy Bitcoin appeared first on BeInCrypto.

Read more

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Serum is on the rise this week.

The price of Serum has increased by 1.16% in the last hour and increased by 6.47% in the past 24 hours. Serum’s price has also risen by 55.56% in the past week. The current price is $0.0761 per SRM with a 24-hour trading volume of $2.63M. Currently, Serum is valued at 99.41% below its all time high of $12.89. 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 USD 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 $20.04M. 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 $12.89. 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 $2.63M.

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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