Serum Burns $1M Tokens, Sends SRM to New High of $12

By Coin Quora10 days ago

Serum Burns $1M Tokens, Sends SRM to New High of $12

  • Serum recently burned and dropped a combined $1.3 million of SRM.
  • Serum is one of the world’s top used DEX on the Solana blockchain.
  • The SRM price is trading at a new 2021 high, changing hands at $12.

Serum announced in a Twitter post on May 3, that it has currently burned and dropped to stakers a combined $1.3 million of SRM.

AD

Serum is an actively used global decentralized exchange (DEX) that is on the Solana blockchain. Notably, users prefer the DEX due to its low transaction costs and speed. Also, the DEX destroyed 84,538 SRM or $1.03 million. At the same time, Serum dropped 21,134 SRM worth $254,000 to stakers.

Continue read on investing.com