Serum Price

Serum (SRM) is the native cryptocurrency of the Serum decentralized exchange, built on the Solana blockchain. It serves multiple purposes within the Serum ecosystem: 1. Trading: SRM can be used for trading pairs and fee discounts on the Serum DEX. 2. Governance: Token holders can participate in decision-making for the protocol. 3. Staking: Users can stake SRM to earn rewards and support network security. 4. Smart Contract Execution: SRM is utilized for executing smart contracts on the Solana blockchain. 5. Utility: It's used for various functions within the Serum ecosystem, including liquidity provision and protocol fees. As of 2025-07-21, SRM is ranked #1731 with a price of $0.0146. It has a 24-hour trading volume of $87.85K and a market cap of $5.44M. The circulating supply is 372.78M SRM SRM, with a total supply of 1.09B SRM SRM. Serum aims to enhance DeFi capabilities by leveraging Solana's high-speed, low-cost infrastructure, potentially positioning it for growth in the evolving crypto landscape.

Serum was created on July 23, 2020. It was launched as a decentralized exchange (DEX) built on the Solana blockchain. The project was developed in collaboration with the Solana team and aimed to provide fast, low-cost trading with on-chain orderbooks. Serum introduced innovative features like cross-chain trading and composability with other DeFi protocols. Since its creation, Serum has become an important part of the Solana ecosystem, offering users a decentralized trading platform with high throughput and low transaction costs. The SRM token serves as the native utility token of the Serum ecosystem, used for governance, staking, and fee discounts on the platform.

The founder of Serum is Sam Bankman-Fried, who is also the CEO of FTX. Serum was created as a decentralized exchange (DEX) built on the Solana blockchain. It was developed in collaboration with the Solana team to provide a high-speed, low-cost trading platform for cryptocurrencies. Bankman-Fried's vision for Serum was to create a more efficient and accessible decentralized financial ecosystem. The project was launched in 2025 and quickly gained attention in the crypto community due to its innovative approach to DEX technology and its association with prominent figures in the industry.

Serum operates as the utility token for the Serum decentralized exchange platform. It functions similarly to other cryptocurrencies, allowing users to hold, trade, and exchange it. The primary purpose of SRM is to facilitate operations within the Serum ecosystem. Users can stake SRM to earn rewards and receive discounts on trading fees. SRM also grants governance rights, enabling token holders to participate in decision-making processes for the platform's development. The token's value is closely tied to the success and adoption of the Serum decentralized exchange, which aims to provide fast, secure, and low-cost trading experiences for users in the decentralized finance (DeFi) space.

Serum operates on a distributed architecture, leveraging Solana's high-performance blockchain. It utilizes Solana's security and efficiency, with no central points of failure. The SRM network is secured through Solana's Proof-of-History (PoH) consensus mechanism, which enables fast and low-cost transactions. Serum's technical structure includes smart contracts for decentralized finance (DeFi) applications, particularly focused on decentralized exchanges (DEXs). It employs a cross-chain architecture, allowing interoperability with multiple blockchains including Ethereum and BNB Chain. The platform uses an on-chain order book and matching engine, ensuring transparency and efficiency in trading. Serum's architecture also supports staking and governance features, enabling token holders to participate in network decisions and earn rewards.

The future of Serum looks promising, with a dedicated team and clear roadmap for growth. The project aims to enhance its decentralized exchange capabilities, improve cross-chain interoperability, and expand its ecosystem. Key milestones for 2025-2027 include launching new DeFi products, implementing governance upgrades, and fostering partnerships within the crypto space. Serum is focusing on scalability solutions to handle increased transaction volumes and reduce fees. The team is also working on advanced trading features and improved liquidity provision mechanisms. While market volatility remains a factor, Serum's long-term prospects appear positive due to its innovative approach and strong community support. As always in the crypto market, potential investors should conduct thorough research and consider the project's fundamentals when assessing its future potential.