Serum (SRM) — price, funding and open interest
SRM/USDT perpetual on Kraken: price 0.006410, 24h turnover $1K. Updated in real time.
What this is
Exchange tokenSerum was the central order book of Solana: nearly every exchange on that chain routed trades through it. After the collapse of FTX, whose team controlled the upgrade keys, the protocol was left in limbo and the community relaunched a fork under a different name. What this shows: the right to upgrade a contract is power over the protocol, and the question «who holds the keys» matters more than any promise of decentralisation. Here it trades on BingX spot as a trace of that story.
Chart
Chart built from data of Kraken
SRM unlocks
Our sources have no unlock schedule for this coin. 3.7 % of the issued supply is in circulation per CoinGecko; the rest may be locked or not yet issued.
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
SRM trades at 0.006410. Over 365 days it ranged between 0.001740 and 0.025000; the price now sits in the lower third of that range — 20% of the way from the yearly low to the high.
All-time high is 0.054000 (January 2025); the price is 88% below it now.
The daily range is 3.7% and five-minute NATR is 0.00%. That range is at percentile 6 for the year — a noticeably calmer day than usual.
24-hour turnover is $1K — percentile 13 for the year: trading is quiet.
The instrument lives on a single venue (Kraken). Liquidity sits in one book, so slippage here is more noticeable than on coins listed across several exchanges.
NATR is 1.19% on the minute and 1.17% on the hour — price grinds: the hourly range is barely wider than the minute one.
SRM correlation with Bitcoin over 24 hours is -0.36 — it moves against Bitcoin.
Over the day +3.06%, over the hour 0.00%, over the last five minutes 0.00% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 1910 of 2043 instruments in the screener.
By daily range it ranks 874 of 2043.
Built from current numbers and the coin's own year of history. Updates with the data.
How SRM behaved before
Tracked since August 2024 — 26 full months. 11 of 26 closed higher, median month -6.9%.
Best month — December 2025: +73.2%. Worst — February 2025: -48.6%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now SRM is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — exchange token. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.