What Is Serum DEX?
Serum is a decentralized exchange (DEX) built on the Solana blockchain, leveraging its high-speed transactions and low fees. As Solana's leading permissionless trading platform, Serum stands out with its on-chain central limit order book model—unlike most DEXs that rely on automated market makers (AMMs). This model empowers users to:
- Set custom trade prices, sizes, and directions.
- Cater to both retail and institutional traders.
Serum’s asset-agnostic order book supports diverse financial instruments, including:
- Options and futures.
- Borrow-lending positions.
Key advantages:
✅ Composability: Integrates with various DeFi apps.
✅ Scalability: Avoids high fees/slow speeds of other blockchains.
✅ Governance: Holders of its SRM token earn fee discounts, voting rights, and revenue-sharing via buy-and-burn programs.
Who Are the Serum DEX Founders?
While Serum’s team remains anonymous, its backers include:
- FTX and Alameda Research.
- Solana Foundation.
- $120M raised across 8 funding rounds from 15 investors.
When Did Serum DEX Launch?
Launched in August 2020, Serum was among Solana’s earliest major projects.
Where Is Serum DEX Located?
Headquartered in New York City (per Crunchbase).
Serum DEX Supported Coins and Fees
- Supported Coins: All SPL tokens (Solana-based assets).
- Fees: ~0.3% (standard for DEXs; exact rates not disclosed).
👉 Explore Solana-based tokens on Serum DEX
Restrictions and Limitations
- Geo-blocks: Some U.S. states restricted (details unclear).
- Leverage: Not supported—spot trading only.
FAQ Section
Q1: Is Serum DEX better than AMM-based DEXs?
A: Yes, if you prefer order-book control. AMMs suit passive liquidity providers.
Q2: How does SRM token governance work?
A: Holders vote on upgrades and earn fees via staking/burns.
Q3: Can I trade futures on Serum?
A: Yes—its order book supports derivatives.
Q4: Why choose Serum over centralized exchanges?
A: Non-custodial security + Solana’s low-cost transactions.
👉 Learn more about decentralized trading
Key Takeaways
- Serum excels with Solana’s speed and an order-book model.
- Backed by major crypto players ($120M funding).
- SRM token enables fee discounts and governance.
For traders prioritizing control and low fees, Serum DEX is a top-tier choice.
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