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Serum

SRM

  • DEX
  • DeFi
Established Year
2020
Operating Status
Inactive
Ecosystem
Solana
Serum is a decentralized exchange (DEX) built on Solana, featuring an on-chain central limit order book (CLOB). Ecosystem partners can leverage Serum's on-chain central limit orderbook to share liquidity and provide market-based features for both institutional and retail users. Serum was created by FTX and Alameda Research.

Organisation

Team

Financial Portfolio

Funding

Financing after Listed
4 Investors
$75 M

Investment

Everlend
Everlend
Strategic
$2.6 M
Cashmere
Cashmere
Seed
$3 M
Vybe Network
Vybe Network
Series A
$10.5 M
Amulet Protocol
Amulet Protocol
Seed
$6 M
Aver
Aver
Seed
$7.5 M
Bridgesplit
Bridgesplit
Seed
$4.25 M
cypher
cypher
Seed
$2.1 M
Coin98 Finance
Coin98 Finance
Strategic
$11.25 M

Recent News

Frequently Asked Questions

What Is Serum?

Serum is a decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). ([DeFi](https://coinmarketcap.com/defi/)). Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users. In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation. The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants.