Serum DEX

by Serum
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A decentralized exchange on the Solana blockchain.

Serum DEX description

Serum DEX is a decentralized exchange and protocol operating in the Solana network. The protocol provides low commissions and high transaction speed. The exchange allows users to trade with orders, swap tokens and do staking. The exchange was launched in 2020.

To work with the exchange, users need to connect a wallet that supports the Solana network. Asset values in Serum are formed thanks to the order book. There are now 30 decentralized exchanges operating on the protocol, together they contain 414 coins and 3,196 pairs. Trading on exchanges using the Serum protocol resembles trading on a centralized spot exchange, users select a token pair and create a limit order. Information from site cry​ptodefix. Swap in Serum DEX has a standard interface, the user selects a token to sell and buy.

The exchange has its own SRM token. Holders of the token can engage in its staking, as well as participate in voting for the future of the exchange, and it can also be used to pay transaction fees. Because the protocol is used in 30 interfaces of exchanges, most of them have their own token that can be staked.

Serum DEX specifics

  • 30 trading venues
  • Trading with limit order
  • Cryptocurrency swap
  • Staking
  • High speed of transactions
  • Low fees

Serum DEX features

Exchanges

Forms of trade: Spot trading 1
No Transaction protection Protection of transactions from scam and other types of incorrect actions 1
No Currency converter Currency converter integrated into the exchange 0
No Listing Ability to place your own cryptoservices on the exchange 0
Number of assets: 414 0
Cryptocurrency pairs: 3,196 0

Decentralized exchanges (DEX)

Check out SWAP 0
Check out Liquidity pools 0
Check out Liquidity farm 0
Minimum fees: 0 0
Check out Staking 0
No Borrowing 0
No Lending 0
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