
Serum (SRM) Price
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Serum (SRM) Price Today
The live price of Serum is 0.01 USD. In the past 24 hours, the trading volume of Serum was 118.2K USD, down by -2.84%. The current price has decreased by 0% from its 7-day high of - USD, and increased by 0% from its 7-day low of - USD. With a circulating supply of 1,092,844,982.00 SRM, the market cap of Serum is currently 3.3M USD, down by -43.56% in the last 24 hours. Serum currently ranks #1613 by market capitalization among cryptocurrencies.
Serum (SRM) Market Data
Market Cap
$3.3M
24h Volume
$118.2K
Circulating Supply
263.2M SRM
Maximum Supply
--
Fully Diluted Market Cap
$13.9M
Liquidity Indicator
3.53%
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About Serum (SRM)
Serum(SRM) is a decentralized exchange protocol that combines the best of DeFi and CeFi by using its on-chain Order book design. The project was developed by the Serum foundation (a group of cryptocurrency trading and Defi experts). Anyone worldwide can open an account with Serum almost instantly. Serum is built on Solana, where traders buy and sell cryptocurrency. Sam Bankman (FTX & Serum founder)decided to make SRM on Solana because it presents quicker and cheaper transactions than other blockchain networks. This means that Serum can benefit from the speed and cost of transactions carried on Solana. Serum is a next-level Decentralized Exchange(DEX)that seeks to rival automated market maker(AMM) designed platforms like Sushi or Uniswap. Serum provides cross-chain support, which ensures that traders can exchange digital tokens on different platforms such as Polkadot or Etherum. Regardless of the type of blockchain the other DeFi projects are on, they can utilize Serum's liquidity and features. SRM is Serum's utility digital token that allows holders to get up to 50 % discount on trade fees. It also enables stakers to participate and vote on the governance technique. SRM can support cross-chain trading, cheaper and safer than trading using a third-party method such as a custodial exchange. Users can enjoy a transparent & permissionless cross-network transaction experience. The SRM digital token is an SPL token that is housed in the Solana blockchain network. The token provides a key role in the workings of Serum. Users can pay fees or send value using the SRM token. The founders put a 10 billion cap on SRM tokens. Previously the plan was to supply 1 billion tokens. Currently, there are 50 million tokens in circulation, with the remaining tokens delayed for release guided by a time liquidity lock. The developers and founders of Serum recognized earlier on that decentralized exchange required to begin providing extensive features. This would help them compete with dominating platforms in the same space. This inspired the developers to build a happy medium that extends the programmability and responsiveness of its features. It is for this reason that Serum is doing well in the market.
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Serum (SRM) Price Converter
SRM to USD
1 SRM = $ 0.01
SRM to VND
1 SRM = ₫ 335.29
SRM to EUR
1 SRM = € 0.01
SRM to TWD
1 SRM = NT$ 0.38
SRM to IDR
1 SRM = Rp 207.17
SRM to PLN
1 SRM = zł 0.04
SRM to UZS
1 SRM = so'm 159.67
SRM to JPY
1 SRM = ¥ 1.88
SRM to RUB
1 SRM = ₽ 1.02
SRM to TRY
1 SRM = ₺ 0.52
SRM to THB
1 SRM = ฿ 0.41
SRM to UAH
1 SRM = ₴ 0.52
SRM to SAR
1 SRM = ر.س 0.04
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.