Serum Price (SRM)
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SRM Price Live Data
The live Serum price today is $2.99 USD with a 24-hour trading volume of $36,824,859 USD. Serum is up 0.17% in the last 24 hours. The current CoinMarketCap ranking is #165, with a live market cap of $149,629,171 USD. It has a circulating supply of 50,000,000 SRM coins and a max. supply of 10,000,000,000 SRM coins.
What Is Serum (SRM)?
Serum was created to eliminate the vulnerabilities in the current DeFi space that exist due to incomplete decentralization. It is claimed to be fully decentralized and runs on a non-custodial exchange with cross-chain trading support and no know your customer (KYC) requirements.
Solana is a web-scale blockchain that can reach 50,000 transactions per second. This is achieved through a verifiable delay function, known as SHA 265 hash chain, that enables optimistic concurrency control.
Serum is developed by the Serum Foundation, which is backed by a group of experts in cryptocurrency, trading and decentralized finance. The project also has backing from a wide number of firms.
Who Are the Founders of Serum?
Serum was co-founded by Sam Bankman-Fried. He is also the CEO of the FTX cryptocurrency derivatives exchange and a co-founder of the Alameda Research quantitative trading firm. Bankman-Fried also used to work as the director of development for The Centre for Effective Altruism and as a trader at Jane Street.
Bankman-Fried graduated from the Massachusetts Institute of Technology with a bachelor’s degree in physics.
What Makes Serum Unique?
The SRM is a utility token used on the Serum ecosystem. Its cross-chain swap protocol allows users to exchange assets between blockchains in a trustless manner.
Serum offers a decentralized automated full limit order book that provides traders with full control over each order. The full Ethereum and Solana integration makes Serum faster and more efficient while also allowing it to be interoperable with ERC20 tokens.
The physically settled cross-chain contracts allow easy margin positions in DeFi on synthetic assets. SerumBTC is a model for creating ERC20- or Solana-based tokens for Bitcoin (BTC) and SerumUSD is a model for creating a decentralized USD-pegged stablecoin.
Staking rewards are distributed on the basis of the nodes’ performance, which takes into account important on-chain actions, such as supplying blockchain histories for cross-chain settlement validation.
Users can also stake towards another node. A portion of a node’s staking fees goes to the leader and all nodes receive staking results. These rewards increase through productive participation in node duties.
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Learn more about the world of cryptocurrencies at the CoinMarketCap blog.
How Many Serum (SRM) Coins Are There in Circulation?
Serum’s (SRM) circulating supply is at 50,000,000 SRM as of February 2021, with a maximum supply of 50,000,000 SRM.
How Is the Serum Network Secured?
SRM is Serum’s governance token that is based on the Solana blockchain and has an ERC20 version. It has cross-chain support that enables the trustless exchange of assets between different blockchains. Serum uses a trustless bridge through a premier validator for distributed ledger technology (DLT).
Where Can You Buy Serum (SRM)?
Serum (SRM) can be bought and sold on a number of exchanges, including the following:
If you are new to buying, selling, or trading cryptocurrencies, you can read our Bitcoin buying guide.
SRM Price Statistics
|24h Low / 24h High|
|Volume / Market Cap||0.2461|
|Total Value Locked (TVL)||$133,119,699|
|Fully Diluted Market Cap||$29,925,834,193.57|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighMay 03, 2021 (2 months ago)
All Time LowAug 11, 2020 (10 months ago)
|Circulating Supply||50,000,000 SRM|
|Total Supply||161,000,001 SRM|
|Max Supply||10,000,000,000 SRM|