What is the price of serum?

The price of Serum has risen by 0.81% in the past 7 days. The price declined by 4.94% in the last 24 hours. In just the past hour, the price grew by 1.06%. The current price is $0.0322 per SRM. Serum is 99.77% below the all time high of $13.72. The current circulating supply is 263,244,669 SRM. This content is for informational purposes only.

Why does SRM coin have value?

Serum’s native cryptocurrency, SRM token (sometimes referred to as SRM coin), derives its value from its utility on the network, as it is the preferred form of payment for transfer fees, and participants can spend SRM to enable reduced fees on Serum’s exchange.

What is serum token?

The native token of the ecosystem is SRM. Serum's utility and governance token is also SRM. The users get a fee reduction if they keep SRM in their wallets. SRM is completely integrated with Serum and can take advantage of burn fees. Serum was founded on August 31, 2020.

Is serum a decentralized finance platform?

Existing decentralized finance (DeFi) projects can also access Serum’s features and liquidity, regardless of which blockchain they are built on. Serum’s utility token, SRM, enables holders to receive up to a 50 percent discount on their trade fees and stakers to vote and participate in the platform’s governance mechanism.