Overview and Features of Serum (SRM)


Serum is a protocol and ecosystem focused on making decentralized finance (DeFi) faster and more cost-effective. Built on Solana, it operates in a permissionless manner, allowing ecosystem partners to use Serum's on-chain central limit orderbook for liquidity sharing and market features.


DeFi and decentralized exchanges (DEXes) on Ethereum faced challenges like high gas costs and slow transactions. Serum, launched in August 2020 on Solana, aimed to address these issues, along with concerns about centralization and liquidity.

Features of Serum:

Serum Core: Offers an order book for matching various Solana-based trading products, enhancing flexibility.

True Composability: Allows diverse applications to share middleware, promoting modularity and flexibility in design.

Developer Ecosystem: Provides on-chain order matching services for trading applications, ensuring control and flexibility for developers.

Permissioned Markets: Offers flexibility and compliance through permissioned markets.

Serum DEX: Utilizes the Asset Agnostic Order book for pooled liquidity and shared resources, enhancing trading features.

Serum Token (SRM):

SRM is the utility and governance token of the Serum ecosystem.

Integrated into Serum, it benefits from fee buy/burn mechanisms.

Solana Speeds and Costs:

Solana enables sub-second trading and settlement.

Transaction costs are ultra-low at $0.00001 per transaction.

Ultimate Vision:

Serum's ultimate vision is to drive global mass adoption of DeFi. This includes milestones like reaching 1 billion users and $10 trillion of on-chain value.

Source : Rayn Research / Jan 9, 2024

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