Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). (DeFi).

Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.

In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.

The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants.

Serum is an open source project created by a consortium of partners including FTX, Alameda Research, and the Solana Foundation.

Its development is currently supported by the Serum Foundation, backed by a group of experts in cryptocurrency, trading and decentralized finance. The project borrows much of its design and thought leadership from a wide number of firms in the cryptocurrency and finance industries.

Serum DEX’s on-chain central limit order book and matching engine provides liquidity and price-time-priority matching to traders and composing projects. Users benefit from this exchange model through the ability to choose the price, size and direction of their trades. Composing projects benefit from Serum’s existing architecture, bootstrapped liquidity, and matching service.

Serum’s (SRM) circulating supply is at 54,861,111 SRM as of August 2021, with a maximum supply of 10,000,000,000 SRM.

Serum is built on Solana and is completely permissionless. Solana is a web-scale blockchain that can reach 50,000 transactions per second and 400ms block times. This is achieved through a verifiable delay function, known as SHA 256 hash chain. Serum’s design is meant to ensure that DeFi can compete against centralized services.

Serum (SRM) can be bought and sold on a number of exchanges, including the following:

• Binance
• OKEx
• HBTC
• BitZ
• Xtheta Global
• FTX

If you are new to buying, selling, or trading cryptocurrencies, you can read our Bitcoin buying guide.

The all-time high of SRM was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Serum (SRM) is 0. The current price of SRM is down 0% from its all-time high.

As of , there is currently 263.24M SRM in circulation. SRM has a maximum supply of 0.

The current market cap of SRM is 8.74M. It is calculated by multiplying the current supply of SRM by its real-time market price of 0.033210730341.

The all-time low of SRM was 0 , from which the coin is now up 0%. The all-time low price of Serum (SRM) is 0. The current price of SRM is up 0% from its all-time low.

Serum (SRM) has a market capitalization of $8.74M and is ranked #1365 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Serum (SRM) price trends and patterns to find the best time to purchase SRM.