SRM

SerumSRM

Rank #140
Coin
On 13,471 watchlists

Serum Price (SRM)

$1.76
7.31%

0.00005487 BTC

0.001430 ETH

Low:$1.64
High:$1.80
24h
SRM  Serum SRMPrice: $1.76 7.31%
Market Cap
$87,853,903
7.31%
Fully Diluted Market Cap
$17,570,780,637
7.31%
Volume
24h
$136,466,245
16.83%
Circulating Supply
50,000,000 SRM
1%
Max Supply
10,000,000,000

Serum Chart

 

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About Serum

Serum price today is $1.76 USD with a 24-hour trading volume of $136,466,245 USD. Serum is up 7.31% in the last 24 hours. The current CoinMarketCap ranking is #140, with a market cap of $87,853,903 USD. It has a circulating supply of 50,000,000 SRM coins and a max. supply of 10,000,000,000 SRM coins.

The top exchanges for trading in Serum are currently Binance, HBTC, BitZ, OKEx, and Xtheta Global. You can find others listed on our crypto exchanges page.

Serum describes itself as a decentralized derivatives exchange with trustless cross-chain trading. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana. EcoSerum supports projects built on Serum.

Solana

Serum is the first DEX built on Solana. Solana is a web-scale blockchain that can potentially reach 710,000 transactions per second (tps). This is possible with a verifiable delay function called SHA 256 hash chain that enables Optimistic Concurrency Control. At present, it can handle around 50,000 tps, which is exponentially faster than Ethereum’s 15 tps.

The Team

The Team Behind Project Serum Project Serum is coined to be the new DEX to be launched by FTX Exchange- a cryptocurrency exchange and derivatives platform. Check out our review of FTX Exchange. The founders of Project Serum are also behind FTX exchange and they have also partnered with titans in the industry who have successful projects including the founders of Multicoin Capital, TomoChain, Compound, and Kyber Network.

Serum ($SRM) Token

$SRM is Serum’s governance token based on the Solana blockchain but alternatively also has an Ethereum or ERC-20 version.

Around 10 billion SRM was minted as the maximum supply at inception; of which approximately 175m tokens will be circulating initially and will grow to 181 million tokens after the IEO (see below). This amount is then set to grow by around 15% annually. It gives holders governance power over the Serum ecosystem. While most components in Serum are deemed immutable, some parameters, like future fees, can be modified via SRM governance votes. The net prices are used to buy and burn the SRM tokens.

SRM can be staked and can also be utilized to pay for fees. This gives SRM holders as much as 50% discount on all trading costs. Also, 90% of all SRM tokens are designed for long-term hold or lock-ups. This is to ensure that the team is here for the long-term.

Cross-chain Support

Serum has cross-chain support which enables the trustless exchange of assets from different blockchains. This is a striking contrast to other protocols that would require trusted parties to permit cross-chain swaps. Serum opts to do this is in a fully decentralized way, using over 100 validators.

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SRM

Serum

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USD

United States Dollar

SRM Price Statistics

Serum Price Today
Serum Price$1.76
Price Change24h$0.1284

7.31%

24h Low / 24h High
$1.64 /
$1.80
Trading Volume24h$136,466,244.98

16.83%

Market Dominance0.01%
Market Rank#140
Serum Market Cap
Market Cap$87,853,903.18

7.31%

Fully Diluted Market Cap$17,570,780,636.76

7.31%

Serum Price Yesterday
Yesterday's Low / High
$1.43 /
$1.70
Yesterday's Open / Close
$1.54 /
$1.67
Yesterday's Change

8.69%

Yesterday's Volume$116,442,654.02
Serum Price History
7d Low / 7d High
$1.43 /
$2.04
30d Low / 30d High
$0.9480 /
$2.04
90d Low / 90d High
$0.7933 /
$2.04
52 Week Low / 52 Week High
$0.1100 /
$3.78
All Time High
Sep 01, 2020 (5 months ago)
$3.78

53.47%

All Time Low
Aug 11, 2020 (5 months ago)
$0.1100

1497.25%

Serum ROI

1496.78%

Serum Supply
Circulating Supply50,000,000 SRM
Total Supply161,000,001 SRM
Max Supply10,000,000,000 SRM

Serum Markets

No Data