Serum is a decentralized exchange (DEX) and ecosystem designed to offer remarkable speed and reduced transaction fees to users in the decentralized finance (DeFi) space.
It stands out as the only high-performance DEX that is built around a fully on-chain central limit order book and a matching engine. Various ecosystem partners can integrate with Serum's on-chain order book to share liquidity and enable advanced trading features for both institutional and retail clients.
As DeFi becomes more popular and DEXs on Ethereum continue to grow, users and developers face challenges such as high gas fees and sluggish transaction speeds. Serum is committed to addressing these typical DeFi issues, along with concerns about centralization, inefficient capital usage, and fragmented liquidity.
The SRM token, which serves as both a utility and governance token, allows users to enjoy reduced protocol fees and voting privileges; 100% of exchange fees are channeled back to SRM through mechanisms like buy-and-burn, staking rewards, and ecosystem grants.
Who Are the Founders of Serum?
Serum is an open-source initiative launched by a consortium of collaborators, including FTX, Alameda Research, and the Solana Foundation.
The Serum Foundation currently supports its development and is backed by a team of experts in cryptocurrency, trading, and decentralized finance. The project's design and strategic guidance draw heavily from numerous firms within the cryptocurrency and finance sectors.
What Makes SRM Unique?
Serum DEX's on-chain central limit order book and matching engine offer liquidity along with price-time-priority matching for traders and integrating projects. This exchange model empowers users by allowing them to determine the price, quantity, and direction of their trades. Projects that build on top of Serum benefit from its established framework, initial liquidity, and matching capabilities.
How Many Serum (SRM) Coins Are There in Circulation?
As of August 2021, the circulating supply of Serum (SRM) is 54,861,111 SRM, within a total cap of 10,000,000,000 SRM.
How Is the Serum Network Secured?
Built on the Solana blockchain, Serum operates without permissions. Solana is designed to be scalable, handling up to 50,000 transactions per second with 400ms block times, thanks to a verifiable delay function known as the SHA 256 hash chain. The architecture of Serum is crafted to ensure DeFi can effectively compete with centralized services.
Where Can You Buy Serum (SRM)?
Serum (SRM) is available for trading on several exchanges, including:
