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. 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. This text is from community CryptoDeFix. 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
- High speed of transactions
- Low fees
Serum DEX features
Decentralized exchanges (DEX)
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