The Decentralized Derivatives Exchange with Cross-Chain Trading Technology.
Serum (SRM) Fact Sheet
- Serum is essentially a decentralized derivatives exchange that was specifically created with the main goal in mind of enabling cross-chain trading of cryptocurrencies.
- The project was developed through a collaboration with the centralized derivatives platform known as FTX as well as the Solana (SOL) blockchain.
- The main way through which the governance process is handled on top of Serum is through the SRM governance token, which is also responsible for the process of rewarding network participants.
- A MegaSerum Token (MSRM) is equal to 1 million SRM tokens, which is the amount required to participate within the network as a staking node operator alongside 9 million SRM tokens (A total of 10 million SRM), which can contribute toward network decentralization and offers support in transaction settlement validation.
SRM Historical Data Price Chart in the U.S. Dollars (USD)
Serum (SRM) Historical Data Price Chart in the U.S. Dollars (USD). Source: TradingView
What is Serum (SRM)?
Serum (SRM) is essentially a decentralized exchange (DEX) project which is purpose-built to enable cross-chain trading with a high level of speed and efficiency that can even rival centralized exchanges that are its competition. This is mainly due to the fact that it runs on top of the Solana (SOL) blockchain. However, it is also fully interoperable with Ethereum (ETH) as well as Bitcoin (BTC), which makes it a cross-chain DEX.
Serum as a project was originally launched in August 2020 and was one o