AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
.jpg)
Highlights
- Serum (SRM) is a decentralized derivatives exchange which operates on the Solana blockchain
- It is the only high-performance DEX based on an on-chain central limit order book.
Serum (SRM) is a decentralized derivatives exchange with trust less cross-chain trading which operates on the Solana blockchain. The Serum Project is the result of a partnership between the FTX, a centralised derivatives trading platform, and Solana.
SRM comes across one of the strongest tokens in the market with the price expected to reach US $20-$40 within few months. With the cryptocurrency market consolidating, it offers as a token which is one the rise and the bull run is quite evident in the token.
Besides, what makes SRM stand out is the unprecedented speed and low transaction costs, which it brings on to the DeFi platform. In fact, it is the only high-performant DEX designed which is based on an on-chain central limit order book. Through its on-chain orderbook, it can power the trading feature for institutional and retail users.
The growth of DEXes on Ethereum often leaves the users and developers to incur high gas costs and slow transactions. But with Serum it helps in easily solves the traditional problems of DeFi with low capital efficiency, and liquidity segmentation.
Why is SRM so unique?
Serum is unique in the sense that it offers the users a unique benefit of choosing the prizes, size of the portfolio, and direction of their trades. Besides Serum’s existing also gives the user the benefit of a unique architecture, bootstrapped liquidity, and matching service. Besides, the two-facto makes SRM makes it a unique protocol. SRM also appeals to investors are into philanthropy.
Is SRM a good investment for you?
SRM is ranked 122 on CoinMarketCap and has grown strongly in the crypto market. According to CoinMarketCap, the SRM is trading at US $11.57 with a 24-hour trading volume of US $2,48,45,84,098. At the time of writing (BST 2:30 pm), SRM was up by 45.83% in the last 24 hours largely to the volume spike of 81.03%. SRM currently has a live market cap of US $57,87,34,283. It has a circulating supply of 5,00,00,000 SRM coins.
It is also one of the strong volume-price ratios that is going around in the market and has many investors glued in on the coin’s performance.
Conclusion
With SRM wanting to strongly establish itself, the token has all the right features and architecture to back the system. The current trend has been promising and it has shown a spike in recent days and showcased itself as a great investment opportunity for people who are looking to trade for both long-term and short-term gains.
