Serum (SRM) hits a brand new all-time excessive as Solana adoption positive factors traction By Cointelegraph

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Serum (SRM) hits a brand new all-time excessive as Solana adoption positive factors traction

Decentralized finance (DeFi) has reshaped the face of the cryptocurrency market over the previous yr, attracting the eye of each institutional buyers and retail merchants alike as the standard monetary sector continues to heat as much as blockchain expertise.

Whereas nearly all of the most important DeFi protocols which have a major quantity of quantity and worth locked within the platform function on the community, excessive charges and slower transaction instances have allowed initiatives like Serum, a decentralized trade (DEX) that operates on the Solana blockchain, to rise in reputation and acquire market share.

SRM/USDT 4-hour chart. Supply: TradingView
SRM/USDT vs. SOL/USDT 4-hour chart. Supply: TradingView
VORTECS™ Rating (inexperienced) vs. SRM value. Supply: Cointelegraph Markets Professional