Serum (SRM) price has declined today.
The price of Serum (SRM) is $0.032287640589 today with a 24-hour trading volume of $791,109.44. This represents a -1.60% price decline in the last 24 hours and a -1.30% price decline in the past 7 days. With a circulating supply of 370 Million SRM, Serum is valued at a market cap of $12,007,648.
What is Serum?
Serum is a decentralized exchange (DEX) providing high speed and low transaction costs for decentralized finance (DeFi).
Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.
In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.
The Serum token (SRM) grants its holders governance rights to the protocol, staking rewards, discounts on trading fees, and earnings from fees.
Who are the people behind Serum?
Serum is an open source project created by a consortium of partners including FTX, Alameda Research, and the Solana Foundation.
What makes Serum unique?
Unlike most decentralized exchanges which are based on the automated market making model (AMM) such as Uniswap and Curve, Serum provides a limit order book and matching engine to traders. Traders are not just limited to making a market order, but are able to also place order at different prices, giving them a similar experience to using a centralized exchange. Any crypto projects with a token can leverage on Serum to bootstrap liquidity and have a matching service for trading.
Instead of building on Ethereum, Serum chosed Solana as the platform to be developed on. Solana is a high speed blockchain that can scale up to over 50,000 transactions per second at 400ms block time providing the speed and finality that an orderbook matching engine like Serum is looking for.
The ultimate goal for Serum is to re-create competing experience of a centralized exchange, completely on the blockchain.
Where can you buy Serum?
SRM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Serum is Gate.io, where the most active trading pair SRM/USDT has a trading volume of $191,016.12 in the last 24 hours. Other popular options include MEXC and OKX.
What is the daily trading volume of Serum (SRM)?
The trading volume of Serum (SRM) is $791,601.97 in the last 24 hours, representing a -13.30% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Serum (SRM)?
The highest price paid for Serum (SRM) is $13.78, which was recorded on Sep 11, 2021 (about 2 years). Comparatively, the current price is -99.80% lower than the all-time high price.
What is the all-time low for Serum (SRM)?
The lowest price paid for Serum (SRM) is $0.031074279949, which was recorded on Sep 21, 2023 (2 days). Comparatively, the current price is 5.20% higher than the all-time low price.
What is the market cap of Serum (SRM)?
Market capitalization of Serum (SRM) is $12,007,648 and is ranked #815 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SRM tokens (370 Million tokens are tradable on the market today).
What is the fully diluted valuation of Serum (SRM)?
The fully diluted valuation (FDV) of Serum (SRM) is $327,294,802. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion SRM tokens are in circulation today. Depending on how the emission schedule of SRM tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Serum compare against its peers?
With a price decline of -1.50% in the last 7 days, Serum (SRM) is underperforming the global cryptocurrency market which is down -0.60%, while underperforming when compared to similar FTX Holdings cryptocurrencies which are down -0.70%.
What is the market sentiment of Serum today?
The community is bullish as more than 75% of users are feeling good about Serum (SRM) today.
How to add Serum (SRM) to MetaMask?
Adding Serum (SRM) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SRM as a token. You can copy SRM’s contract address (0x476c5e26a75bd202a9683ffd34359c0cc15be0ff) and import it manually, or if you've installed MetaMask's chrome extension, add SRM to MetaMask with one click on CoinGecko.
Add SRM to MetaMask.
