SRM Price Today
Serum price today is $1.00 with a 24-hour trading volume of $54,357,918. SRM price is down -3.2% in the last 24 hours. It has a circulating supply of 370 Million SRM coins and a total supply of 1.09 Billion. If you are looking to buy or sell Serum, FMFW.io is currently the most active exchange.
What was the highest price for Serum?
Serum hit an all time high of $13.78 on Sep 11, 2021 (11 months).
What was the lowest price for Serum?
Serum had an all time low of $0.109876 on Aug 11, 2020 (about 2 years).
What was the 24 hour trading volume of Serum?
The 24 hour trading volume of Serum is $54,357,918.
Where can Serum be traded?
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.