Serum (SRM) Hits Self Reported Market Capitalization of $3.64 Million

Serum (SRM) traded down 3.6% against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on October 30th. One Serum coin can now be purchased for approximately $0.0291 or 0.00000040 BTC on popular cryptocurrency exchanges. Serum has a total market capitalization of $3.64 million and $693,682.20 worth of Serum was traded on exchanges in the last day. During the last seven days, Serum has traded 0.9% lower against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.1% lower against the dollar and now trades at $72,270.94 or 0.99659939 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.4% against the dollar and now trades at $72,127.46 or 0.99462083 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Serum Coin Profile

Serum’s launch date was July 23rd, 2020. Serum’s total supply is 1,092,844,982 coins and its circulating supply is 125,000,000 coins. The official message board for Serum is projectserum.medium.com. Serum’s official Twitter account is @projectserum and its Facebook page is accessible here. The official website for Serum is portal.projectserum.com.

According to CryptoCompare, “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.”

Buying and Selling Serum

It is usually not presently possible to purchase alternative cryptocurrencies such as Serum directly using US dollars. Investors seeking to acquire Serum should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Serum using one of the exchanges listed above.

SRM/USD price chart by TradingView