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Serum DEX

Serum DEX

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Decentralized Exchange
Launched Aug 30, 2020
Volume (24h)
$104,056
6 BTC 0.01%
Cryptocurrencies
31
Markets
40
Serum DEX
Decentralized Exchange
Volume: $104,056 Serum DEX

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

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It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

Learn this metric

The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of different crypto pairs that's available to be traded on this specific exchange.

Learn this metric

The total number of coins/tokens available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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It is a quantitative metric in percentage describing how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, compared to the previous 24 hours.

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Exchange Volume in BTC

The current exchange Volume Dominance among all other exchanges in the market.

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Exchange Market Rank

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Current volume of Serum DEX is $104,056

Serum DEX Social Signals & Traffic Tracker
Serum DEX twitter
Twitter Stats
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Followers

214.76K

0.32%

Joined at Jul 24, 2020

Following

207

0.00%

Tweet count

3,149

0.10%

Serum DEX reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Serum DEX Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Serum DEX telegram
Telegram Stats

Members

-

Title

-

Currently, official Serum DEX Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Serum DEX traffic
Website Traffic
Visit Website

Website Rating (DR)

71 / 100

0.00%

Ahrefs Rank

87,363

3.15%

Organic Traffic (mo.)

3,612

48.18%

Serum DEX github
GitHub Organization

Public repos

-

Type

-

Currently, official Serum DEX GitHub Organization account doesn’t exist or wasn’t submitted. 🔆

Serum DEX github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Serum DEX GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Followers: 214,765

Serum DEX Statistics

Serum DEX Volume
$104,056.38
Volume in BTC
6 BTC
Volume Change 24h
-$10.41
0.01%
Cryptocurrencies
31
Markets
40
Market Dominance
0.00%
Market Rank
#59

Serum DEX Exchange Overview

Serum DEX is a Decentralized exchange that ranks #59 on BitDegree Exchange Tracker. Serum DEX has a trading volume of $104,056 in the last 24 hours and $35,087,200 in the last 7 days.

Serum DEX currently has 31 cryptocurrencies, 0 fiat currencies and 40 markets (cryptocurrency trading pairs). The most popular trading pair on Serum DEX is SOL/USDC.

Compare Serum DEX side-by-side with other exchanges here: Exchange Comparison Tool.

Serum DEX is a Solana-powered decentralized cryptocurrency exchange. It provides cryptocurrency swapping services. It's a permissionless protocol that offers an on-chain, asset-agnostic order book. Serum DEX crypto exchange speeds are based on the Solana network.

Project Serum is a collaboration between the crypto trading platform FTX and Solana. It does not require users to provide ID verification. While there are no national restrictions, some regions may be geo-blocked from accessing the service. You can see the current Serum DEX trade volume and popular trading pairs above.

Markets

Serum DEX differs from traditional centralized cryptocurrency exchanges (CEXs). While there is no Serum DEX spot market in the conventional sense, it runs as a token swap. Although it was built on Solana, it also supports ERC-20 tokens and is interoperable with the Ethereum network.

Users can buy the platform's native asset, Serum (SRM). It can be used as an SPL token on Solana or an ERC-20 token on Ethereum. SRM is used for network utility and governance, and holding it can grant discounted fee rates. You can learn more about the Serum DEX crypto price and history here.

Another asset tied to the Serum DEX crypto exchange is the MegaSerum (MSRM). It cannot be bought directly. Instead, users must hold at least 1 million Serum to obtain one MSRM token. The asset is considered hyper deflationary as it depends on the limited supply of SRM. The supply is limited to 1,000 coins, and the max SRM supply is 10 billion tokens.

Serum is suitable for both individual and institutional traders. Unlike many decentralized platforms, the Serum DEX cryptocurrency exchange doesn't use an automated market maker (AMM). Instead, it relies on an on-chain order book that gives traders more flexibility regarding the order size and pricing.

By using an asset-agnostic order book, the platform enables a broad range of tradeable assets, including options and futures. Users can choose from more than 60 Serum DEX trading pairs. However, fiat currencies are not supported.

Serum DEX crypto fees are processed on the Solana network. Solana is known as one of the fastest blockchains, offering near-instantaneous trading. Users must have a balance of at least 0.1 SOL in their SPL wallets at all times to process transaction fees. Solana also charges a rent fee of ~0.2 SOL for the first trades of a pair.

By default, 20% of all net fees are towards Project Serum and the GUI hosting services, while the remaining 80% are bought back and burned to maintain the deflation of SRM. All rates are for taker fees only. The fixed rate is 4 bps, and fees are incurred once the order is executed.

SRM and MSRM holders can be eligible for discounted Serum DEX exchange fees. To qualify for the first discount tier, the user needs 100  SRM, while the top tier (6) requires 1 MSRM. The fees can be reduced to 3 bps.

Other Services

In addition to the Serum DEX cryptocurrency exchange, users can access other features that improve the platform's performance or provide financial operations. As a permissionless protocol, Serum is governed by the users who can participate in the DAO activities by holding the SRM token.

SRM can also be staked to allow users to earn passive income. Users who contribute to the liquidity pools receive a portion of the trading fees for the selected trading pair. They also earn LP tokens which are also available for staking.

About the Company

The Serum DEX crypto exchange was launched in August 2020. It was built on the Solana blockchain by the developers from FTX, one of the largest centralized exchanges. No further information is available about the founders of Project Serum. The headquarters are in New York City, NY.

The platform's native SRM was listed around the time of the exchange's launch. Within 12 hours, the token's value increased by 1,500%, and the Serum DEX volume of the asset reached $350 million.

Serum is one of the earliest and biggest projects by Solana. It was reported in April 2022 that the Serum cryptocurrency exchange accounted for about a third of all program executions in the network.

The development team is also working on the Bonfide protocol. Its goal is to bridge the Serum DEX crypto exchange to the broader Solana ecosystem.

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