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SRM

Serum

$0.01229
0.56%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #864
$3,236,810
Volume (24h) #1796
$69,609
Supply (Circ. / Total / Max)
263.24M / 9.99B / ∞
Launch Date
2021-08-07
Built On
SOL
Token Standard
SPL
Smart Contract Address
SRMuApVNdxXokk5GT7XD5cUUgXMBCoAz2LHeuAoKWRt
Decimal Places
6

Serum Price Converter

Serum

Serum Information

Resources

WebsitesWebsiteWhitepaperBlog
Code Repositoriesgithub.com/project-serum/serum-js
Industries
DeFi
Cross-Chain Infrastructure
Governance
Liquid Staked
Communitiestwitter.com

Serum Supported Platforms

ESRMERC20NRG0x83AF4137Ed450F4765A72831Dd938B5203f5d2Fb2021-04-11
SRMSPLSOLSRMuApVNdxXokk5GT7XD5cUUgXMBCoAz2LHeuAoKWRt2021-08-07
SRMERC20ETH0x476c5e26a75bd202a9683ffd34359c0cc15be0ff2020-07-31
SRMETBEP20BNB0xd63CDf02853D759831550fAe7dF8FFfE0B317b392021-10-16
SRMETSPLSOLxnorPhAzWXUczCP3KjU5yDxmKKZi5cSbxytQ1LgE3kG2021-09-15
View all

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.

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.
Serum (SRM) Price | SRM to USD Price and Live Chart