Serum DEX

What Is Serum DEX?

Serum is a decentralized exchange (DEX) on the Solana blockchain. It benefits from the chain’s high transaction speed and low costs, and is the most important permissionless trading option on Solana. It works with an on-chain central limit order book model, which contrasts with most other decentralized exchanges that use an AMM. Users benefit from this model through the ability to choose the price, size and direction of their trades, and the exchange accommodates retail and institutional users.

Part of Serum’s product stack is the asset agnostic order book, which allows the trading of options, futures, borrow lending positions and other financial instruments that can work with the exchange’s matching engine. Thanks to its composability, a wide range of applications and participants can make use of its architecture. Furthermore, it purports not to suffer from the slow transaction speeds and high costs that trouble exchanges on other blockchains.

Finally, its governance token makes it possible to earn discounts on protocol fees and voting rights and engage in the exchange’s governance. All generated fees flow back to token holders through buy-and-burn programs, staking rewards and ecosystem grants.

Who Are the Serum DEX Founders?

The exchange does not disclose any information about its founders. However, it is backed by a consortium of parties from the Solana ecosystem, including FTX, Alameda Research and the Solana Foundation. In total, it received $120 million in funding over eight funding rounds from 15 different investors.

When Did Serum DEX Launch?

Serum was launched in August 2020, making it one of the first major projects on Solana.

Where Is Serum DEX Located?

According to information from Crunchbase, Serum is based out of New York City.

Serum DEX Restricted Countries

The exchange does not provide any information about restricted countries. According to information on the internet, several U.S. states are geo-blocked and cannot use the exchange from American IP addresses.

Serum DEX Supported Coins List

Serum DEX supports all Solana-based SPL tokens.

How Much Are Serum DEX Fees?

At the time of writing, there is no information about fees. The standard fee for decentralized exchanges is usually 0.3%.

Is It Possible To Use Leverage or Margin Trade on Serum DEX?

There is no margin or leverage trading on this exchange.