About Serum

Built on the Solana blockchain, Serum is a decentralized exchange platform designed to tackle issues of centralization, capital inefficiency, and liquidity shortages in the DeFi ecosystem. Launched in 2020, it provides a comprehensive suite of tools to maximize DeFi opportunities within the Solana network. The platform’s native token is SRM. Serum’s key features include a decentralized order book system which differs from the common AMM model. Instead of pooled liquidity, it uses smart contracts to match buyers and sellers, mimicking traditional exchanges, allowing flexible trading with various order sizes and pricing. Transaction fees are paid in SRM. Additionally, Serum is cross-chain compatible, enabling trading of tokens across different platforms such as Ethereum and Polkadot, and pro...