Serum (SRM) Self Reported Market Capitalization Tops $3.67 Million

Serum (SRM) traded 0.4% lower against the U.S. dollar during the 1 day period ending at 15:00 PM Eastern on October 28th. During the last week, Serum has traded 4.5% lower against the U.S. dollar. One Serum coin can currently be purchased for $0.0293 or 0.00000042 BTC on popular cryptocurrency exchanges. Serum has a market cap of $3.67 million and $658,183.98 worth of Serum was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• 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 down 2.2% 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 2.1% against the dollar and now trades at $68,909.34 or 0.99741483 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 2% against the dollar and now trades at $68,803.28 or 0.99587971 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 launched on 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 website is portal.projectserum.com. Serum’s official Twitter account is @projectserum and its Facebook page is accessible here.

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 possible to buy alternative cryptocurrencies such as Serum directly using U.S. dollars. Investors seeking to trade Serum should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Serum using one of the aforementioned exchanges.

SRM/USD price chart by TradingView