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This new DeFi token just rocketed 1,609%: here’s why

coinjournal.net

Serum has skyrocketed 1,609% just hours after it was launched Project Serum has skyrocketed from $0.10 at launch to hit $1.98 just hours later, the biggest gainer of the day in a market that saw major declines for the top cryptocurrencies. According to defiprime, holders of the Serum token will access discounts on trading fees, as well as stake their holdings to earn rewards.

Serum has trading pairs against USDT and USD on FTX and USDT, BUSD, BNB and BTC on Binance. CoinGecko ranks the Serum as the 141st largest cryptocurrency with a market cap of $57,629,384 and a 24-hour trading volume of $485,084,976.

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Bitcoin BNB
$ 587.5
Bitcoin BTC
$ 70833.97

Timeline of Binance-coin, Bitcoin, Tether

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Bitcoin Bitcoin
70818.4000 0.87%
Ethereum Ethereum
3590.02000 0.20%
BNB BNB
586.480000 1.43%
Solana Solana
186.525000 -0.05%
XRP XRP
0.62263100 0.56%