What is Serum?

Serum is a decentralized exchange (DEX) and liquidity protocol built on Solana, designed to offer fast, low-cost, and fully on-chain trading. Launched in 2020, Serum aims to revolutionize decentralized trading by combining order book-based trading with the efficiency of Solana's blockchain.

Serum's native token, SRM, is used for governance, staking, and fee discounts within the Serum ecosystem.

How is Serum useful?

Serum enhances decentralized trading by providing a high-performance, order book-based DEX, unlike most automated market maker (AMM) models. Serum allows traders to place limit orders, enabling more precise execution and liquidity efficiency. Serum also serves as a DeFi liquidity hub, integrating with other Solana-based applications, making it ideal for high-frequency traders, DeFi platforms, and liquidity providers.

The SRM token grants trading fee discounts, governance participation, and staking rewards, further incentivizing ecosystem growth.

How does Serum work?

Serum operates using a fully on-chain central limit order book (CLOB) that enables fast, permissionless trading with near-instant settlement. Unlike AMM-based DEXs, Serum’s order book model provides better price discovery and deeper liquidity.

Serum leverages Solana’s high-speed, low-cost infrastructure, ensuring efficient execution of trades at minimal fees. The SRM token is used for staking, reducing trading fees, and participating in governance decisions.

Serum milestones

• Launch of On-Chain Order Book DEX: Introduced a scalable alternative to AMM-based trading.

• Integration with Solana Ecosystem: Expanded liquidity and adoption across DeFi applications.

• SRM Staking and Fee Discounts: Provided incentives for traders and network participants.

• Cross-Chain Compatibility Efforts: Strengthened interoperability with Ethereum and other blockchains.

• Growth of Serum Ecosystem: Increased adoption in DeFi, NFT markets, and institutional trading solutions.

Serum continues to reshape decentralized trading, offering a fast, efficient, and liquidity-rich DEX for Solana and beyond.

Buy Serum (SRM) on BITmarkets.