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.
Today’s Serum price is $1.02 USD with a 24-hour trading volume of $46,735,283 USD. Serum is up 0.23% in the last 24 hours. The current CoinMarketCap ranking is #123, with a live market cap of $269,620,901. 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).
Serum 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 Swap
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 Technical Analysis
Serum price analysis shows the SRM/USD pair has been on a bearish trend over the past few weeks. The price is currently trading around $1.04, which is well below the recent high of $1.22. The Relative Strength Index (RSI) is currently at 46, indicating that the market is neither overbought nor oversold. However, the MACD shows that the pair is in a bearish trend as the MACD line is below the signal line.
On the 4-hour chart, the SRM/USDT pair has formed a descending triangle pattern. The pair has been trading inside this pattern for the past few days. The pattern is generally considered to be bearish and a break below the support could lead to a further decline in prices.The RSI indicator is currently near the 40 level, which indicates that the coin is in the oversold region. A bounce from this level could lead to a move higher in prices.The MACD indicator is currently in the bearish zone and is indicating a possible downward move in prices.
Serum Price Prediction by Authority sites
According to Wallet Investor’s Serum price prediction, the SRM price is forecasted to reach $2.0 by the end of 2022. According to Wallet Investor, the Serum price prediction is very good in the long run. The one-year forecast is anticipated to be around $0.235.
The 5-year Serum price prediction by Technews leader is that the price can go as high as $2.79 by the year’s end, with an average price of around $2.45. They also believe that in 2025, the price of Serum can rise to as much as $6.54.
According to the price prediction net, Serum’s market capitalization will be $350,745,995.39 in the following 5 years. The maximum price over the next five years is expected to be $15.25, with a minimum of $13.40 and an average of $13.77 thereafter.They expect the coin to rise from $2.80 in 2022 to just $9.11 in 2025, a climb of 1,350 percent. However, the Serum price prediction for 2030 predicts that the currency could reach $60 by 2030.
Serum Price Prediction 2022
As of Serum price predictions for the rest of 2022, there are divergent opinions. If this bullish trend continues, Serum (SRM) is expected to reach a maximum of $1.51 by the end of 2022. Moreover, an average price of $1.35 then this rise will slow down and it may record a minimum price of $1.31,but no major falls are expected.
Serum Price Prediction 2023
In the 2023 Serum price forecast, the price of Serum is expected to reach a minimum of $1.95. Throughout 2023, the Serum price may reach a maximum of $2.23, and an average price of $2.02.
Serum Price Prediction 2024
According to the projection price and technical analysis, the Serum trading price in 2024 is expected to reach a minimum price $2.80. With an average selling price of $2.80, the SRM price may reach a maximum price of $2.29.
Serum Price Prediction 2025
In 2025, the price of one Serum is predicted to fall to a minimum price of $4.04. Throughout 2025, the SRM price may reach a maximum price of $4.84, an average price of $4.18.
Serum Price Prediction 2026
Serum prices are expected to fall to $6.03 in 2026. According to our research, the SRM price might reach a high of $7.17, with an average expected price of $6.19.
Serum Price Prediction 2027
According to our in-depth technical analysis of previous SRM price data, the price of Serum in 2027 is expected to be around a minimum of $8.51. The Serum price may reach a maximum price of $8.82 in USD, with an average trading value of $10.42.
Serum Price Prediction 2028
In 2028, the price of Serum is expected to fall to a low of $12.38. Throughout 2028, the Serum price might reach a high of $14.88, with an average trading price of $12.82.
Serum Price Prediction 2029
According to forecasts and technical analysis, the price of Serum is anticipated to hit a low of $17.63 in 2029. The SRM price has a maximum price value of $21.25 and an average price value of $18.27.
Serum Price Prediction 2030
In 2030, the price of Serum is expected to fall to a minimum price of $25.64. Throughout 2030, the Serum price might reach a high of $30.74, with an average trading price of $26.55.
Serum is planning ahead to futureproof its platform and expand its userbase as it expands into cross-chain services. SRM’s price expectations are optimistic, but achieving a new all-time high might take some time.
Holding the Serum token (SRM) over an extended period could be an excellent investment, given the predictions, features, and enormous prospects of Serum. However, these forecasts are not always the most significant aspect of purchasing.
Various factors influence investment decisions, including fundamental analysis, 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.
Serum coins could reach a maximum price of $76.77 and a minimum of $58.52. Eventually, the price movements of SRM will vary with market fluctuations; investors should watch out. As always, invest only the amount you can afford to lose.