Serum (SRM) Reaches Self Reported Market Cap of $4.31 Million

Serum (SRM) traded down 1.7% against the U.S. dollar during the twenty-four hour period ending at 15:00 PM ET on June 29th. Serum has a market capitalization of $4.31 million and approximately $1.03 million worth of Serum was traded on exchanges in the last day. One Serum coin can currently be purchased for about $0.0345 or 0.00000057 BTC on exchanges. In the last seven days, Serum has traded up 0.5% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded 0.8% lower against the dollar and now trades at $0.21 or 0.00000340 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.9% against the dollar and now trades at $0.0115 or 0.00000019 BTC.
• AXIA Coin (AXC) traded down 0.1% 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 Twitter account is @projectserum and its Facebook page is accessible here. Serum’s official website is portal.projectserum.com. The official message board for Serum is projectserum.medium.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 possible to buy alternative cryptocurrencies such as Serum directly using US dollars. Investors seeking to acquire Serum should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Serum using one of the exchanges listed above.

SRM/USD price chart by TradingView