About Serum Coin
Serum price today is $1.63 with a 24-hour trading volume of $86,541,745. SRM price is down -4.7% in the last 24 hours. It has a circulating supply of 50 Million SRM coins and a max supply of 161 Million. Binance is the current most active market trading it.
What is Serum?
Serum is a decentralized exchange (DEX) platform built on top of the Solana blockchain platform with the aim of bringing high speed and low cost transactions. In light of the popularity of DeFi and the growth of DEXes in the Ethereum space, there have been instances of high gas cost and slow transactions. Serum is built to ensure that DeFi can compete against centralized services.
Who are the people behind Serum?
Serum was conceived by the FTX team, led by Sam Bankman-Fried. Some of the advisors of Serum include Robert Leshner, founder of Compound, Gary Wang, CTO at FTX, Long Vuong, Founder of Tomochain, and more.
Can I use Serum today?
Yes Serum is live now on the Solana blockchain. You can use Serum to swap tokens or place orders in the order book similar to a centralized exchange. You will however need to first obtain and setup a Solana wallet.