What is SRM: Understanding Supply Relationship Management in Modern Business

Serum's Positioning and Significance

In 2020, Project Serum and other experts in the crypto assets and DeFi fields launched Serum (SRM), aiming to solve the problem of centralized exchanges and provide trustless cross-chain transactions.

As a fully decentralized exchange supporting cross-chain transactions without third-party trust, Serum plays a key role in the DeFi sector.

As of 2025, Serum has become an important player in the decentralized exchange ecosystem, with a decentralized governance structure and an active developer community. This article will delve into its technical architecture, market performance, and future potential.

Origins and Development History

Birth Background

Serum was created by Project Serum and other experts in the crypto assets and DeFi fields in 2020, aiming to solve the problems of centralized exchanges and provide trustless cross-chain transactions.

It was born during the DeFi boom, with the goal of changing the status quo by providing a fully decentralized trading platform.

Serum's launch brought new possibilities for DeFi users and developers.

Important Milestones

• 2020: Mainnet launch, achieving a fully decentralized exchange supporting cross-chain transactions.
• 2020: Introduction of the MegaSerum (MSRM) concept, offering additional benefits for large token holders.
• 2021: Price reached an all-time high of $13.78 on September 11.
• 2025: Ecosystem continues to develop, with various DeFi protocols and applications built on Serum.

With the support of the Serum Foundation and the broader crypto community, Serum continues to optimize its technology, security, and real-world applications.

How Does Serum Work?

No Central Control

Serum operates on a decentralized network of computers (nodes) spread across the globe, free from control by banks or governments. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, giving users greater autonomy and improving network resilience.

Blockchain Core

Serum's blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes to form a secure chain. Anyone can view the records, establishing trust without intermediaries. Serum's unique design supports fast and efficient cross-chain transactions.

Ensuring Fairness

Serum uses a decentralized consensus mechanism to validate transactions and prevent fraudulent behaviors such as double-spending. Validators maintain network security by staking SRM tokens and running nodes, receiving rewards in return. Its innovations include a fully decentralized order book and cross-chain transaction support.

Secure Transactions

Serum uses public-private key encryption technology to protect transactions:

• Private keys (like secret passwords) are used to sign transactions
• Public keys (like account numbers) are used to verify ownership

This mechanism ensures fund security, while transactions remain pseudonymous. Additional security features include the ability to become a validator node by staking 10 million SRM and holding one MSRM token.

Serum's Market Performance

Circulation Overview

As of November 24, 2025, Serum's circulating supply is 372,782,297.011929 tokens, with a total supply of 1,092,844,982.31 tokens.

Price Fluctuations

Serum reached its all-time high of $13.78 on September 11, 2021.

Its lowest price was $0.00670829, recorded on November 14, 2025.

These fluctuations reflect market sentiments, adoption trends, and external factors.

Click to view the current SRM market price

On-chain Metrics

• Daily Trading Volume: $9,739.22842
• Active Addresses: 16,718

Serum Ecosystem Applications and Partnerships

Core Use Cases

Serum's ecosystem supports various applications:

• DeFi: Serum DEX, providing decentralized trading.
• Cross-chain: Serum's protocol enables trustless cross-chain transactions.

Strategic Partnerships

Serum has established partnerships with Solana and FTX, enhancing its technical capabilities and market influence. These partnerships provide a solid foundation for Serum's ecosystem expansion.

Controversies and Challenges

Serum faces the following challenges:

• Technical issues: Scalability and transaction speed on the Solana blockchain
• Regulatory risks: Potential SEC scrutiny of decentralized exchanges
• Competitive pressure: Rise of other DEX platforms and Layer 1 blockchains

These issues have sparked discussions within the community and market, driving Serum's continuous innovation.

Serum Community and Social Media Atmosphere

Fan Enthusiasm

Serum's community is vibrant, with daily trading volumes reaching millions. On X platform, related posts and hashtags (like #Serum) frequently trend, with monthly post volumes in the tens of thousands. Price movements and new feature releases ignite community enthusiasm.

Social Media Sentiment

Sentiment on X is polarized:

• Supporters praise Serum's high-speed, low-cost trading and cross-chain capabilities, viewing it as the "future of decentralized finance".
• Critics focus on dependency on Solana and market volatility.

Recent trends show generally bullish sentiment during market uptrends.

Hot Topics

X users actively discuss Serum's regulatory compliance, integration with other DeFi protocols, and future development plans, showcasing its transformative potential and challenges in mainstream adoption.

More Information Sources for Serum

• Official Website: Visit Serum's official website for features, use cases, and latest updates.
• Whitepaper: Serum's whitepaper details its technical architecture, goals, and vision.
• X Updates: On X platform, Serum uses @ProjectSerum handle, with followers in the hundreds of thousands, posts covering technical updates, community events, partnership news, generating significant engagement.

Serum's Future Roadmap

• 2026: Launch improved cross-chain functionality, enhancing interoperability
• Ecosystem Goal: Support 1000+ DApps and attract 10 million users
• Long-term Vision: Become the standard for decentralized exchanges and cross-chain transactions

How to Participate in Serum?

1. Purchase Channels: Buy SRM on Gate.com
2. Storage Solutions: Use Web3 wallets for secure storage
3. Participate in Governance: Join community decisions through Serum's governance platform
4. Build the Ecosystem: Visit Serum's developer documentation to develop DApps or contribute code

Summary

Serum redefines decentralized exchanges through blockchain technology, offering transparency, security, and efficient trading. Its active community, rich resources, and strong market performance make it stand out in the cryptocurrency field. Despite facing regulatory and technical challenges, Serum's innovative spirit and clear roadmap secure its important position in the future of decentralized technology. Whether you're a beginner or an experienced player, Serum is worth watching and participating in.

FAQ

What do you mean by SRM?

SRM is the native token of Serum, a decentralized exchange protocol on the Solana blockchain. It's used for trading fees, staking, and governance within the Serum ecosystem.

What is SRM used for?

SRM is used for trading fee discounts, staking rewards, and governance on the Serum DEX platform, enhancing liquidity and user participation in the ecosystem.

What is the main purpose of SRM?

SRM's main purpose is to serve as the utility token for the Serum ecosystem, providing fee discounts and governance rights on the Serum DEX.

What is SRM in healthcare?

SRM in healthcare refers to Supplier Relationship Management, a strategic approach to optimize interactions with medical suppliers, enhance efficiency, and reduce costs in healthcare supply chains.