Serum is a protocol and decentralised exchange (DEX) that has been built atop the Solana blockchain. It offers interoperability across several blockchains, including Bitcoin and Ethereum. It utilises an order-book to facilitate and account for all of its internal trades, unlike most DEXs which use automated market makers (AMMs). The result is a user experience more similar to a centralised exchange. From an operational standpoint, the platform is able to handle a high transaction throughput, allowing for 50-65k transactions per second (TPS). SRM is the native cryptocurrency of Serum. It functions as an SPL token on the Solana blockchain and an ERC-20 token on the Ethereum network. It is primarily used for staking within the Serum ecosystem as well as for fee-reduction purposes when facilitating trades across the platform.
Serum (SRM) is the 123rd largest cryptocurrency in the world by market cap, valued at $390,525,672. The current price of Serum is $1.048, which is -4.059% lower than yesterday. Prices have ranged between $1.11 and $1.044 over the past 24 hours. All prices are listed in US dollars and accurate as of August 14, 2022 07:08 UTC.
| Coin symbol | SRM |
|---|---|
| Coin Marketcap | US$390,525,672 |
| Total SRM supply | 1,092,844,982 |
| Circulating SRM | 372,782,297 |
| Current price | US$1.048 |
| All time high | US$13.78 |
| All time high date | September 11, 2021 |
| Notable team members | Sam Bankman-Fried |
| Partnerships | Jump Trading |
| Industry | Decentralised exchange |
| Token uses | Platform discounts |
| Network | Solana |
Historical prices compared with the price of US$1.048.
| 1 hour | 0.25% |
|---|---|
| 24 hours | -4.06% |
| 7 days | 3.09% |
| 14 days | 5.04% |
| 30 days | -2.47% |
|---|---|
| 60 days | 13.47% |
| 200 days | -50.52% |
| 1 year | -79.84% |
Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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