Serum is a decentralized exchange (DEX) and ecosystem that delivers decentralized finance exceptional speed and minimal transaction fees.FTX and Solana, a low-cost, interoperable blockchain with smart contracts, collaborated on the project. Users may save money on protocol costs and voting rights by using the SRM utility and governance token.A MSRM is made up of 1 million SRM, which is the amount required to operate a staking node, which helps decentralize the network and aids with transaction settlement validation.