Undoubtedly, the crypto world is growing unpredictably, with several projects springing up now and then. Interests in new projects have continued to skyrocket as they offer investors more returns on investment. Serum is one such project that offers earning potential and significant use cases for now and the future.
To help facilitate communication, Serum is creating one central place to house the Serum NFT Ecosystem in the official Serum discord. To access it, please follow this link. Their main NFT channels will be an announcements channel, a public channel, and a Serum NFT holder channel.
Serum joined forces with Burnt Finance in April to launch a debut NFT collection and celebrate the release of the Burnt Finance Ignition Launchpad. The Ignition Launchpad is a no-code platform that lets users mint and sell generative NFT collections by simply uploading layers, traits, and rarities without transaction or listing fees.
The launch of the NFT Ecosystem is an important step in Serum’s mission to make crypto more accessible and fun for everyone.
Today’s Serum price today is $0.795152 with a 24-hour trading volume of $26,744,119. Serum is up 0.92% in the last 24 hours. The current CoinMarketCap ranking is #131, with a live market cap of $209,319,487. It has a circulating supply of 263,244,669 SRM coins and a max. supply of 10,161,000,000 SRM coins.
This guide will examine the fundamentals of the Serum protocol, its native token, key features, historical price analysis, and developments. We will also delve into Serum price prediction for 2022 and beyond.
What is Serum?
Serum is a decentralized exchange (DEX) that provides decentralized financing with high speed and cheap transaction fees (DeFi). The Network is the first and only high-performance DEX built on a completely on-chain central limit order book and matching engine. Ecosystem partners may use Serum’s on-chain order book to distribute liquidity and fuel their trading functionalities for institutional and retail customers.
Users and developers are constrained by high gas prices and delayed transactions due to the popularity of DeFi and the expansion of DEXes on Ethereum. Serum intends to address these conventional DeFi difficulties and centralization, inadequate capital efficiency, and liquidity segmentation.
The Serum token (SRM) offers its holders’ protocol governance privileges, staking incentives, trading fee reductions, and fee revenues.
This open-source project is backed by the Serum Foundation and co-founded by FTX CEO and Solana contributor Sam Bankman–Fried. The Serum protocol was launched in July 2020 and is poised to unveil trustless cross-chain trading.
The platform’s primary aim is to bring the convenience and speed of centralized crypto exchanges to Decentralized Finance(DeFi) space without compromising transparency and security. It is entirely permissionless, built on the high-performing Solana blockchain, and interoperable with the Ethereum blockchain.
Serum Native Token
The governance token of the Serum protocol is $SRM, and it is built natively as an SPL token on the Solana mainnet, although with an ERC-20 version on the ETH blockchain. While most of the features of the Serum protocol are perceived as immutable, parameters like future fees may be subject to change via $SRM token governance votes.
$SRM has a maximum supply of 10 billion tokens, of which approximately 10% was circulated at launch. The circulating supply of $SRM is set to increase by 15% every year. In addition, 90% of the total SRM tokens are intended for long-term lock-ups or hold to ensure the longevity of the Serum project. They are locking up 1 million SRM tokens for users as MegaSerum (MSRM) tokens.
$SRM can be used as network fees or staked to earn rewards. Serum (SRM) token holders can get up to 50% discount on trading fees, while MSRM holders can earn up to 60% discount. All trading fees from Serum’s Decentralized Exchange will be vested into the $SRM burn and buyback program.
The distribution of SRM is projected as follows:
- 27% – Collaborator and Partner Fund
- 20% – Advisors and Team
- 27% – Incentive Fund for the Serum Ecosystem
- 4% – Auction Purchasers and Locked Seed
- 22% – Project Contributors
Serum Key Features
Project Serum will create a permissioned order book that will limit trading to parties that have passed know-your-customer (KYC) requirements, the developer known as JHL told Australian Blockchain Week on 23 March 2022.
So if a big institutional trading firm wants to get on Serum, but they’re concerned that they only want to trade against counterparties that have a certain level of compliance or KYC, they can trade on this permissioned order bookJHL
Unlike most Ethereum-based decentralized exchanges, Serum leverages the high performance of Solana to offer users a traditional order book. But users don’t trade directly on Serum – it’s just a contract that sits on the Solana blockchain.
- Cross-Chain Swaps
The current DeFi landscape raises interoperability concerns, with users struggling to execute cross-chain token swaps. The Serum protocol offers cross-chain support, thereby securely facilitating decentralized, trustless, and efficient transactions between different chains. For instance, users can directly and seamlessly trade assets between Solana, BTC, and ERC-20. The chain interoperability feature of the Serum protocol also means that existing DeFi projects can access its features regardless of their base blockchain. Despite being built natively on Solana, Serum can be entirely usable from Ethereum.
- Automated On-Chain Order Book
Serum offers an automated limit order book that grants users the ability to take control of their trading by specifying order price sizes and choosing trade direction. The order books offered by the Serum protocol are implementable between tokens due to the project’s cross-chain support. Also, Serum’s on-chain order books are wholly programmatic and feature BTC and ETH order books. The Serum protocol supersedes other DEXs because it includes significant optimizations that facilitate cheaper and faster order matching, even between 3rd-party users.
- SRM Token
$SRM is the native token of the Serum protocol, and it can be staked to optimize the network’s performance.
- Solana Integration
Compared to previous blockchains iterations, Solana is substantially faster and less expensive. Integrating Solana with Serum provides the latter with speed, lower costs, and a user experience similar to centralized exchanges while remaining non-custodial and trustless. Also, the Solana integration elevates Serum’s ETH interoperability.
Order books work out of the box, not just for spot markets but all these kinds of exotic derivatives as well. You don’t need to change the underlying mechanics needed for the order book to support these.”
- Custom Contracts
The Serum protocol allows users to initiate custom crypto contracts and execute P2P leveraged trading on the fully decentralized and non-custodial Serum DEX assets. These contracts include cross-chain physically settled contracts. They can be tokenized and moved across the blockchain.
The Serum ecosystem allows users to create a permissionless and truly decentralized BTC token on the Solana and Ethereum blockchain.
SerumUSD is a decentralized stablecoin on the Serum protocol, and it offers a model for establishing a decentralized stablecoin with no failure point.
Serum Development 2022 and beyond
Serum has completed its phase 1&2 deployments, and phase 3 promises several features, collaborations, and integrations that could revolutionize the Solana-based protocol, giving it, even more use cases. Some of the developments expected in 2022 include:
- More cross-chain bridges
- Projects building on Serum
- Margin trading / contracts
- Tokens and exchanges natively supporting SPL
- Volume and TVL growth
With the completion of phase 3, Serum could gain massive adoption, and its native token may experience significant upsides.
Past Price Analysis of SERUM
Following the completion of the protocol’s phase one deployment, which included issuing both ERC-20 and SPL SRM tokens, listing on major crypto exchanges, and the roll-out of its on-chain DEX, $SRM kicked off on August 11, 2020, with an opening price of $0.1101 (current ATL) and a trading volume of $211,232,756. Over the coming days, SRM went on a bullish run and reached $3.78 on September 1, 2020. The uptrend reversed during the month, and by the end of October 2020, SRM had bottomed at $0.974. SRM closed out the year at $1.04, with a market cap of $52,001,293.
At the turn of the new year, SRM trended with the cryptocurrency market boom of 2021 that saw mainstream assets like BTC and ETH attain new heights. On February 10, $SRM exceeded its previous high and attained a new high of $4.42. The bullish run continued for the next few months, and by May 03, 2021, SRM’s price had gained over 190% to reach $12.89. The bears soon took over, but the token regained momentum to attain its all-time high at $13.72 on September 11. Also, its 24-hour trading volume peaked at $2,347,324,861.
SRM ended 2021 with a significant price drop of over 73% after a massive selling spree. Trading volume also dipped to as low as $76,463,705. The token started in 2022 at $3.42, and its price range has been relatively stable, between $2 to $4.
Serum Price Analysis
Serum current trading price is $1.04 with a 24-hour trading volume of $40,915,867.34. The price of SRM has increased by 0.95 percent in the last 24 hours. The 24-hour price movement chart indicates that $18,077,872 worth of SRM were trading. The price peaked to $1.04 in the last 24 hours while the lowest was $0.997.
SRM is currently trading above its 50-day moving average of $0.97 and below its 200-day moving average of $1.12. The next support for the coin is at $0.91 and the next resistance is at $1.22.Its market capitalization is $274.318 million USD, as of this writing, placing it at #121 on CoinMarketCap’s list. It has a circulating supply of 263,244,669 SRM coins and a maximum supply of 10,161,000,000 SRM coins.
Serum Latest Developments
Atrix Protocol Devnet Launch
Atrix is an Automated Market Maker (AMM) built on Solana that uses Serum’s order book to allow for permissionless liquidity pools and farm creation. In August, the Atrix team is celebrating the release of their Devnet launch. The permissionless interface allows users to swap, add liquidity directly on Serum, and easily create liquidity mining farms.
SRM listed on BitMEX!
The SRMUSDT Perpetual Swap contract went live at 04:00 UTC on 24 August and is now available to trade on BitMEX. Market traders post margin in XBT and earn or lose XBT as the SRM/USDT rate changes.
In August, Symmetry became the default swap for the Serum Decentralized Exchange. The Symmetry team had worked tirelessly to deliver the product over the past few months.
Serum Technical Analysis
Serum crypto has been on a downward trend this year. The coin had started recovering in April before the Luna crash, and Serum later resumed its downward trend in May.
The MACD indicators suggest little price momentum, while the relative strength index indicates no sign of price reversal. The William Alligator trendlines show Serum moving into the consolidation phase.
SRM Price Predictions by Authority Sites
Wallet Investor uses artificial intelligence (AI) and machine learning to predict Serum’s price. The AI ranks Serum’s past performance as ‘C.’ It says Serum would make a ‘bad investment. Serum coins will trade at $0.155 in one year; serum will be on a downward trend in the coming two weeks. It will fall from the current price to $0.767 at the end of the period.
Serum’s return on investment (ROI) in 2024 will be -96.86%, 2025 will be -97.13%, 2026 will be -98.67% and 2027 will be -98.34%.
Trading beasts use linear and polynomial regression to provide a Serum price forecast. Serum digital currency will trade at $0.8358241 in October. It will gradually lose value towards the end of the year, closing at $0.8131653 in December. The gradual fall will continue until June 2023. Serum prices will rise from $0.7900951 in July to $0.8588126 at the end of the year. Serum cryptocurrency will be bullish in 2024 and 2025. In 2024 Serum will trade at $0.8807869 in January and $1.1817101 in December. In 2025 Serum will trade at $1.2100220 in January and $1.4854743 in December.
Digital coin Price
Serum cryptocurrency has been on a downward trend this year. Serum cryptocurrency will trade at $0.45 in October. It will then trade sideways for the rest of the year. The serum coin will be on a bullish trend from 2023 to 2031. It will trade at an average price of $1.79 in 2023. In 2025, Serum will trade at $3.24. It will reach a maximum price of $3.48 and a minimum price of $3.08. In 2030, Serum will trade at $11.07. It will reach a maximum price of $11.21 and a minimum price of $10.85.
Serum Price Prediction 2022
The Serum price prediction for 2022 is $0.87. The crypto market capitalization fell sharply this year, affecting the entire blockchain industry. As a result, Srm has shed over 65% of its value. The sharp fall is expected to slow down in the second half of 2022.
Serum coin will trade between $0.83 and $0.96.
Serum Price Prediction 2023
The Serum price prediction for 2023 is $1.22. Serum protocol is used by decentralized exchanges that bring unprecedented speed and low transaction costs to decentralized finance. The protocol is built on Solana and is completely permissionless.
Serum trade will range from $1.19 to $1.49 in 2023.
Serum Price Prediction 2024
The Serum price prediction for 2024 is $1.72. The bullish trend continues as people opt for Serum for its use and efficacy. Serum offers lower transaction fees than protocols built on Ethereum. The number of platforms using their order book is expected to increase over time. Serum coin will break the $1.5 mark.
Serum digital asset will reach a high price of $2.05 and a low price of $1.66.
Serum Price Prediction 2025
The Serum price prediction for 2025 is $2.50. Innovations on the Serum platform will increase the utility of Serum. It will also help Serum compete with emerging blockchains and technologies.
New use cases will help Serum digital assets reach a high price of $2.84 and a low price of $2.42.
Serum Price Prediction 2026
The Serum price prediction for 2026 is $3.64. Serum’s increasing the number of smart contracts will increase its utility. The serum is expected to invest in the metaverse, Non-fungible tokens (NFTs), and blockchain as a service application. The Serum platform will provide a robust base for all these applications. Serum will trade between $3.54 and $4.27.
Serum SRM Price Prediction 2027
The Serum SRM price prediction for 2027 is $5.28. Crypto adoption will rise in the future. Industry players will dare to adopt the Serum protocol to smoothen their operations; the blockchain space will grow. The platform allows for robust, permissionless, and trustless transactions. The serum crypto will sell between $5.14 and $6.16 for the year.
Serum SRM Price Prediction 2028
The Serum SRM price prediction for 2028 is $7.75. The continuous growth of Serum will depend on the platform’s future developments; any failures could see Serum crumble on itself. Otherwise, SRM will be a profitable investment for its investors and the Serum ecosystem. Serum prices will range from $7.54 to $8.96.
Serum SRM Price Prediction 2029
The Serum SRM price prediction for 2029 is $11.16. Serum price analysis indicates a bullish Serum price prediction as the decade ends. The SRM coin will, however, remain highly volatile. The high adoption of blockchain platforms will accompany the transition into Web 3.0. Serum will sell between $10.85 and $12.94.
Serum Price Prediction 2030
The Serum price prediction for 2030 is $22.214.171.124% of all tokens vested have long-term unlocking periods, underscoring commitment to Serum. The long unlocking periods ensure that the team remains invested in the platform long term. Serum will trade between $15.65 and $18.97 for the year.
Serum Price Prediction 2031
Serum coin average trading price prediction for 2031 is $23.33. We expect the coin’s value to continue to rise, setting new resistance and support levels. Also, the crypto should be available on many top-tier crypto exchanges by 2031. The price will hover between $22.68 and $26.85 for the year.
SRM Price Predictions by Industry Influencers
The latest update by Investing Money Youtube channel on Serum suggests it will average at $2.23 in January 2024. It will rise to $2.26 in February, $2.20 in March, and $1.94 in April.
The serum protocol is a hybrid of decentralized and traditional finance, leveraging the strengths of each. Based on the Solana blockchain system, it offers cheap and fast transactions compared to its counterparts. The Serum order book is a significant selling point owing to its high liquidity and ability to accommodate complex orders like derivatives and future contracts. The serum has also partnered with big players in the blockchain space.
The crypto has, however, been on a bearish trend this year and is reportedly the second-largest holding of the now troubled three arrows capital. The firm is facing insolvency following several liquidations of its holdings.
Serum is currently selling at a discount, but we expect the crypto to begin recovering in 2023. Holding the Serum token (SRM) over an extended period could be an excellent investment, given the Serum’s predictions, features, and enormous prospects.
However, these forecasts are not always the most significant aspect of purchasing.
Various factors influence investment decisions, including fundamental & technical analysis and other market variables. Ultimately, it’s an excellent option to do your research and not rely solely on price forecasts to establish your opinion.