Nowadays, investors are eager to know about the latest Serum price prediction 2023,2025 and beyond. SRM seems to be looking very potential investment if analyzed deeply. To begin with this article, we will start the basic concepts about the Serum and how it works and end it with a specific SRM price prediction from different media outlets. Let’s begun.
What is Serum (SRM)?
Serum crypto is a decentralized derivatives exchange built on Solana with trustless cross-chain trading and Ethereum connectivity. EcoSerum backs Serum-based projects. On August 30, 2020, the Serum DEX launched. The Serum team puts a focus on speed and keeping expenses to a minimum for traders.
Serum Overview
The native coin of Serum, SRM, gives its holders authority over the network’s governance. Furthermore, all of the exchange’s net fees will be utilized to purchase and burn SRM tokens.
It offers cross-chain functionality, allowing for the secure exchange of assets across many blockchains. This is in stark contrast to existing protocols, which would necessitate the involvement of trusted parties in order to allow cross-chain swaps. Serum chooses to do it in a completely decentralized manner, utilizing over 100 validators.
In addition to being able to stake SRM, it may also be used to pay for fees. SRM holders can save up to 50% on all transaction costs when they use their SRMs. SRM tokens are designed to be held for long periods of time. A user can trade assets between different chains with Serum.