Serum (SRM) just went up in price 1,500%. The latest DeFi token to moon is for the decentralized derivatives exchange Serum (SRM) ,which surged by four figures following its launch and exchange listings.
The Serum Project is a new, non-custodial DEX that launched on August 11 and its native SRM token has since surged 1500%. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana, a low-fee, high-speed, interoperable smart contract blockchain.
Launched less than 12 hours ago at the time of writing, the token has skyrocketed from the launch price of $0.11 to more than $1.80
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Reference articles:
https://cointelegraph.com/news/worlds-biggest-business-intelligence-firm-buys-21k-btc-for-250m
https://cointelegraph.com/news/analyst-predicts-defi-growth-may-push-chainlink-link-price-to-32
https://cointelegraph.com/news/defi-token-serum-surges-1500-in-12-hours-after-listing
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