Serum Self Reported Market Cap Achieves $4.33 Million (SRM)

Serum (SRM) traded 10.5% lower against the dollar during the 24-hour period ending at 21:00 PM Eastern on June 17th. Serum has a market cap of $4.33 million and approximately $1.18 million worth of Serum was traded on exchanges in the last day. One Serum coin can currently be bought for approximately $0.0346 or 0.00000053 BTC on major cryptocurrency exchanges. In the last seven days, Serum has traded up 1.3% against the dollar.

Here is how other cryptocurrencies have performed in the last day:

  • KILT Protocol (KILT) traded down 6% against the dollar and now trades at $0.21 or 0.00000324 BTC.
  • 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.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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 down 0.8% against the dollar and now trades at $0.0104 or 0.00000016 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Serum

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

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