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About Serum
Key Points
- Serum is a decentralized exchange (DEX) and ecosystem that offers high speed and low transaction costs in decentralized finance (DeFi).
- It is the only high-performant DEX with a fully on-chain central limit order book and matching engine.
- Serum aims to resolve issues of centralization, low capital efficiency, and liquidity segmentation in DeFi.
- The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights.
- Serum is an open-source project created by a consortium of partners including FTX, Alameda Research, and the Solana Foundation.
- Serum’s on-chain central limit order book and matching engine
About Serum: Empowering the Future of Decentralized Finance
Introducing Serum: A Revolutionary Decentralized Exchange
Serum is a decentralized exchange (DEX) and ecosystem that heralds a new era of unprecedented speed and remarkably low transaction costs, revolutionizing the realm of decentralized finance (DeFi).
Serum stands out as the sole high-performance decentralized exchange (DEX) built around a fully on-chain central limit order book and matching engine, empowering ecosystem partners to leverage its on-chain order book to share liquidity and fuel their trading features for both institutional and retail users.
In the wake of DeFi’s burgeoning popularity and the proliferation of DEXes on Ethereum, users and developers are hindered by the crippling effects of exorbitant gas costs and sluggish transaction speeds. Serum seeks to alleviate these longstanding DeFi pain points, while also addressing the pressing concerns of centralization, suboptimal capital efficiency, and fragmented liquidity.
The SRM utility and governance token empowers users to reap discounts on protocol fees and exercise voting rights, while 100% of exchange fees are redirected to SRM through a buy-and-burn mechanism, staking rewards, and ecosystem grants, thereby fostering a self-sustaining ecosystem.
The Visionaries Behind Serum: Meet the Founders
Serum is an open-source project born from a collaborative effort between esteemed partners, including FTX, Alameda Research, and the Solana Foundation.
Its development is currently supported by the Serum Foundation, backed by a coterie of experts in cryptocurrency, trading, and decentralized finance. The project draws heavily from the design and thought leadership of a diverse array of firms in the cryptocurrency and finance industries.
Unveiling the Unparalleled Attributes of SRM
Serum DEX’s on-chain central limit order book and matching engine furnishes traders and composing projects with liquidity and price-time-priority matching, thereby empowering users to exercise precise control over their trades by specifying the price, size, and direction of their transactions. Furthermore, composing projects reap the benefits of Serum’s established architecture, inherent liquidity, and seamless matching service.
What Is the Circulating Supply of Serum (SRM) Coins?
As of August 2021, Serum’s (SRM) circulating supply stands at 54,861,111 SRM, with a capped maximum supply of 10,000,000,000 SRM.
The Security Architecture of the Serum Network: A Robust Framework
Serum is built on Solana, a permissionless platform that leverages the blockchain’s web-scale capabilities. Solana boasts an impressive throughput of 50,000 transactions per second and 400ms block times, made possible by its innovative verifiable delay function, powered by a SHA 256 hash chain. By design, Serum is poised to empower DeFi to rival centralized services.
Where to Acquire Serum (SRM): A Comprehensive Guide
Serum (SRM) is listed on a multitude of reputable exchanges, including the following:
- Prominent exchanges, including Binance, OKEx, HBTC, BitZ, Xtheta Global, and FTX,
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