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View ChartSerum (SRM) is a decentralized exchange protocol and ecosystem built natively on the Solana blockchain, designed to deliver high-speed and low-cost trading to decentralized finance. Unlike automated market maker platforms that rely on liquidity pools, Serum operates a fully on-chain central limit order book and matching engine, allowing traders to set their own prices and order sizes. The project was created to bring the speed and cost efficiency of Solana to DeFi trading while offering cross-chain support for assets from networks such as Ethereum and Polkadot. SRM is the platform's native utility token, with a maximum supply of 10 billion tokens. The protocol launched in 2020 and became defunct in November 2022 following the collapse of FTX, though its token continues to trade and a community-backed fork plan has been announced.
Serum was created in 2020 by Alameda Research together with the FTX exchange, and was built on the Solana blockchain. The team was headed by Sam Bankman-Fried, founder of FTX, who began his career as a Wall Street investment banker and financial advisor at Jane Street Capital. Bankman-Fried chose Solana for its faster and cheaper transactions compared to other blockchains. According to the whitepaper, Project Serum was built by the Serum Foundation, a group of experts in cryptocurrencies, trading, and decentralized finance. While the foundation built the protocol, it is permissionless and the foundation does not hold special power over it. No official founders of SRM were separately listed, which may have deterred investors seeking accountability. Original team members and a number of investors committed to extending lockups and reducing the sale of team SRM.
Serum operates a decentralized order book run by smart contracts that aims to mirror traditional exchanges by matching buyers and sellers. In traditional exchanges, order books are lists of buy and sell orders organized by price levels and maintained by a central entity; Serum automates this process on-chain. Unlike automated market making, where traders transact against liquidity pools, Serum gives participants full control over their orders, letting them choose the price at which they wish to buy or sell and any order size they desire. Each trade carries a fee denominated in SRM, and the protocol aims to direct all net fees into a buy-and-burn model that removes those tokens from circulation. Serum also provides cross-chain swaps, allowing participants to trade tokens that exist on other platforms. In a cross-chain exchange between ERC-20 tokens, both parties send ETH to a smart contract as collateral; if the swap completes, both receive their collateral back, and in case of a dispute the smart contract checks the blockchain ledger and returns assets to the correct party plus a portion of the other's collateral to incentivize good behaviour.
Serum's primary distinction is its fully on-chain order book and matching engine, which provides an alternative to the automated market maker model used by many decentralized exchanges. This design gives traders flexibility over pricing and order sizes and full control over their trading. Its deployment on Solana allows it to benefit from fast transaction settlement and low costs, meaning users should not have to worry excessively about high transaction fees. Serum also offers cross-chain support, so traders can trade tokens built on other platforms such as Ethereum or Polkadot, and existing DeFi projects can access Serum's features and liquidity regardless of which blockchain they are built on. The protocol is permissionless, meaning two users can transact without gaining permission from a central authority. Its composable ecosystem allows any application, including trading interfaces, to plug into Serum's shared liquidity, so an order made on one dApp can be matched with an order from a completely separate dApp using the same market.
SRM is the utility token of the Serum ecosystem. It enables holders to receive up to a 50 percent discount on their trade fees and allows stakers to vote and participate in the platform's governance mechanism. SRM is the preferred form of payment for transfer fees, and participants can spend SRM to enable reduced fees on Serum's exchange. Holding SRM in a wallet qualifies the holder for a fee discount, and holders can take part in votes on changes to the network. A related token, MegaSerum (MSRM), is unique to Serum: participants can obtain it by locking 1 million SRM together, which helps them receive slightly more rewards than 1 million SRM tokens would alone. The total supply of MSRM is 1,000 tokens, and Serum can be converted into MSRM with 1 million SRM.
Serum's ecosystem is built around interoperability in DeFi. It offers cross-chain support so traders can trade tokens built on other platforms like Ethereum or Polkadot, and existing DeFi projects can access Serum's features and liquidity regardless of the blockchain they are built on. The protocol provides a fully on-chain order book that allows applications such as trading interfaces to plug into its composable ecosystem. Anyone can create a trading application that leverages Serum's liquidity and ecosystem benefits, and orders placed on one decentralized application composing with a Serum order book market can be matched with orders from a completely separate dApp using that same market. Retail traders, developers, and algorithmic traders can all connect to Serum and leverage its shared liquidity or build a marketplace. The ecosystem suffered a major setback when the Serum DEX became defunct in November 2022 after the collapse of FTX left it without its biggest backers. Despite this, SRM continues to trade, and an announcement on Nov. 29, 2022, backed an ongoing plan to fork the project, leaving some hope for its future development.
Serum is not mined through proof-of-work mining. Instead, the network relies on node operation and staking. To operate a node and supply the blockchain histories required for cross-chain settlement validation, participants must stake a minimum of 10 million SRM, and each node must include at least one MSRM as part of that total. Users who do not wish to operate a node but would like to receive staking rewards can delegate their SRM to any node operator and unlock a portion of the staking reward. This staking mechanism supports the validation of cross-chain settlement while giving SRM holders a way to participate in the network and earn rewards without running their own infrastructure.
SRM is a token that exists on both the Solana and Ethereum blockchains, so it can be bought, sold, managed, and traded directly in compatible wallets. Because SRM is a decentralized cryptocurrency, holders are responsible for securing their own assets. Best practices include storing tokens in a reputable self-custody wallet that supports the relevant blockchain, safeguarding private keys and seed phrases offline, and never sharing them with anyone. Users should verify contract addresses before interacting with any token, since SRM exists on Ethereum at the address 0x476c5e26a75bd202a9683ffd34359c0cc15be0ff as well as on Solana. Given the project's history, including the collapse of its original backers and its defunct DEX status, holders should stay informed about ongoing fork plans and remain cautious about unofficial tokens or platforms claiming to represent Serum. Keeping software updated and using hardware wallets for larger holdings can further reduce risk.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for SRM are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Serum (SRM) is C$0.009411. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated SRM to USD rate at the top of BTCC’s price page. In terms of market scope, Serum records a 24h trading volume of C$10.343719K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$2.381582M. Its current circulating supply stands at 263.24M out of a maximum supply cap of ∞.
The price volatility of Serum (SRM) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (263.24M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Serum (SRM) hit an all-time high (ATH) of C$19.549134 on 2021-09-11 02:45, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.000901 on 2026-07-16 07:30. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading SRM futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$10.343719K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s SRMUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Serum, simply log into your BTCC account with USDT margin available, navigate to the SRMUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for SRMUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.009411), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for SRMUSDT with zero financial risk.
Trading Serum (SRM) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for SRMUSDT, and review its live price (C$0.009411) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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