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Serum

Serum

SRM
$0.0₃6284Down 1.02 percent($0.00)

Key Stats

Market Cap$165.44KDown 1.02 percent
Volume (24h)$12.97
Fully Diluted Value$6.28M
Vol/Mkt Cap (24h)0.01%
Total Supply9.99B SRM
Max Supply∞
Circulating Supply263.24M SRM
Launch Date2021-08-07
Built OnSOL
Token StandardSPL
Smart Contract AddressSRMuAp…KWRt
Decimal Places6

Serum Information

Websites
www.projectserum.comWhitepaper
Industries
DeFi

Serum Price Converter

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Latest Serum News

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Serum Markets

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InstrumentExchangeBenchmark DataPrice24h Change
SerumUSD logo
SRM-USD
SRMUSD
kraken logokraken
AA
0.008310USD
-3.60%
SerumEUR logo
SRM-EUR
SRMEUR
kraken logokraken
AA
0.007310EUR
-1.22%
SerumEUR logo
SRM-EUR
SRMEUR
bit2me logobit2me
B
0.007310EUR
-1.22%
SerumUSDT logo
SRM-USDT
SRMUSDT
latoken logolatoken
D
0.0₃9000USDT
0.00%

Serum Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
SRMSPLSOLSRMuApVNdxXokk5GT7XD5cUUgXMBCoAz2LHeuAoKWRt2021-08-07
SRMERC20ETH0x476c5e26a75bd202a9683ffd34359c0cc15be0ff2020-07-31
TSRMTRC20VIC0xc01643ac912b6a8ffc50cf8c1390934a6142bc912020-08-10
ESRMERC20NRG0x83AF4137Ed450F4765A72831Dd938B5203f5d2Fb2021-04-11
SRMSOERC20ETH0xE3ADAA4fb7c92AB833Ee08B3561D9c434aA2A3eE2021-09-22

About Serum

Serum (SRM) is a cryptocurrency on Solana and Ethereum blockchains, known for its interoperability in DeFi. It can be converted into MegaSerum (MSRM) with 1 million SRM tokens. SRM is deflationary, with trading fees used to buy and burn tokens. It’s part of Project Serum, a DeFi ecosystem on Solana, featuring the Serum DEX for cross-chain swaps. SRM contributes to governance, staking for validator nodes, and reducing trading fees. SRM is used for staking, operating validator nodes on Serum DEX, and receiving reduced trading fees. It also plays a role in the DEX’s governance.

Frequently Asked Questions

Serum (SRM) is a cryptocurrency that exists both as an SPL token on the Solana blockchain and as an ERC-20 token on the Ethereum blockchain. A distinctive feature of SRM is its dual existence on these two major blockchains, allowing for a broad range of interoperability within the DeFi space. Another notable aspect of SRM is its convertible nature, where 1 million SRM tokens can be converted into one MegaSerum (MSRM), enhancing its utility within the ecosystem. SRM's design is deflationary, with a portion of trading fees used to buy and burn tokens.

SRM is an integral part of Project Serum, a decentralized finance (DeFi) ecosystem developed on the Solana blockchain. The primary component of this ecosystem is the Serum DEX (Decentralized Exchange), which enables cross-chain cryptocurrency swaps and leverages the high throughput and low transaction costs of the Solana blockchain. SRM's role within this ecosystem is multifaceted, contributing to governance, staking for validator nodes, and reducing trading fees.

SRM is utilized for several purposes within the Project Serum ecosystem. It is primarily used for staking, which is mandatory to operate a validator node on the Serum DEX. This staking mechanism is central to maintaining the network's integrity and performance. Additionally, SRM holders can stake their tokens to receive reduced trading fees on the Serum DEX. SRM also plays a critical role in the governance of the DEX and future DeFi protocols, allowing token holders to participate in key decision-making processes.