- Serum has launched its dApps trading portal named Serum Portal
- The Portal will provide more functionality for dApps on the Solana ecosystem
- It currently offers a CEX-like trading interface and AMM/swap-like interface
- Raydium, Bonfida, Symmetry, Mango markets, Atrix among listed projects
Serum is a decentralized exchange (DEX) ecosystem where decentralized finance can be operated with unprecedented speed and minimal transaction cost. Serum is the first high-performance DEX built entirely on-chain, using a central limit order book and matching engine.
With Serum’s on-chain order book as a foundation, ecosystem partners may pool liquidity and power their trading functionalities for both institutional and retail clients. Users and developers are constrained by high gas prices and delayed transactions due to the popularity of DeFi and the expansion of DEXes on Ethereum.
In addition to the conventional concerns with DeFi, Serum also tries to overcome centralization, poor capital efficiency, and liquidity segmentation.
Through the SRM utility and governance token, users can be rewarded for staking with incentives and receive a percentage of exchange fees returned to SRM through the buy-and-burn, staking rewards, and ecosystem grants.
Serum’s dApps Trading Portal
Serum, a decentralized exchange on the Solana blockchain, has officially launched its dApps trading platform, Serum Portal. The Serum Portal represents another major step toward Serum’s vision of becoming the financial ecosystem and go-to Portal for the wider Solana community.
The decentralized exchanger made the announcement on its official Twitter account. Since its inception, Serum has driven a fast-expanding ecosystem of decentralized applications in financial services, data analytics, gaming, and other industries.
1/ We are excited to announce the launch of the Serum Portal, another major step towards Serum’s vision of becoming the go-to portal and financial ecosystem for the wider Solana universe.https://t.co/cFG7HmI46g pic.twitter.com/8c60kPhzRv
— Serum 💧 (@ProjectSerum) October 19, 2021
The Serum Portal offers dApp support for Solana, allowing them to be fully integrated with the matching engine and order book architecture of Serum. This, in turn, contributes to Serum’s vast liquidity pool.
Several dex and swaps have already been listed on the platform for trade, including Raydium, Bonfida, Mango markets, Atrix, Symmetry, among others.
This aligns with Serum’s roadmap(2.0) and decentralization ambitions, and it illustrates Serum’s desire to let the community fully utilize the contributions of Serum’s amazing developers and builders. The Portal presently offers users two types of interface, CEX-like trading interface and AMM/swap-like interface, for interacting with the Serum central limit order book.
Future Of Serum
Serum aims to support trillion-dollar enterprises with billions of users by providing the infrastructure necessary for DeFi adoption to be easier and more widespread. Therefore, Serum is cooperating with other ecosystem participants to implement DEX upgrades, add new financial primitives to the Serum ecosystem, and reduce the entry barrier for starting a Serum project.
Serum’s current price is $7.81 USD, based on its 24-hour trading volume of $99, 612,719, 965. As of today, Serum ranks #101 on CoinMarketCap with a market cap of $2, 621, 609, 755, 060. The total supply of SRM coins is 10,161,000,000, with 133,231,781 in circulation.