SRM

Serum

SRM

$0.401
+3.24%

Serum is a decentralized exchange (DEX) that will be built on the Solana blockchain within the next few weeks. Crypto derivatives exchange FTX is spearheading the project, but it is a collaboration between FTX, Alameda Research, and various external partners that operate under the Serum Foundation. FTX and team selected Solana over Ethereum because it’s reportedly more scalable and cost-efficient than its counterpart. However, all of those involved intend to integrate a cross-chain gateway between Serum and the Ethereum network that will provide an entry point for current DeFi users to start trading on Serum. Serum also introduces two new tokens: a discount and staking token with limited governance capabilities called Serum (SRM) and a similar second token that allows for even steeper trading discounts dubbed MegaSerum (MSRM). One MSRM is equal to 1 million SRM stacked together.

$0.401

price

$104.66 m

marketcap

+3.24%

% change

261.00 m

supply

42

active users

50

daily transactions
updated just now

$0.401
today

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Track your SRM holdings
20 wallets supported on hedgehog
Wallets
Ledger Nano S
Hardware Wallet
Ledger Blue
Hardware Wallet
TREZOR
Trezor Model T
Hardware Wallet
TREZOR
Trezor One
Hardware Wallet
KEEPKEY
KeepKey
Hardware Wallet
ATOMIC_WALLET
Atomic
Wallet
COINBASE_WALLET
Coinbase
Wallet
COINOMI
Coinomi
Wallet
EDO
Eidoo
Wallet
Enjin
Wallet
GUARDA
Guarda
Wallet
LUMI_WALLET
Lumi
Wallet
Track your SRM holdings
20 wallets supported on hedgehog