The road to large capacity, multiple applications and high speed - continuous extension......
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Since its launch in September 2020, the Serum project has attracted a lot of attention and established a passionate and exciting ecosystem, while its platform transaction volume has exceeded 5.5 billion US dollars.
In less than a year, Serum has achieved quite a few milestones. Serum DEX has successfully proved its strength - it is not only a decentralized exchange with high speed, low fees and intuitive interface, but also the main financial underlying structure supporting an entire ecosystem, and this ecosystem Including financial and other real-world services.
Serum DEX's on-chain central price limit order book and matching engine provide liquidity for traders and corresponding projects, and match orders in the order of pending orders according to price. The protocol fee is used for the repurchase and destruction of Serum, adding value to SRM holders. Due to the intercombinable nature of DeFi projects, the resulting synergistic value makes Serum (1) the preferred trading portal and financial ecosystem in a wider range on the Solana chain; (2) it can serve 1 billion users and 1 billion Candidate on-chain ecosystem with trillions of on-chain value - this is where Serum's iconic vision lies.
The ultimate goal of Serum has always been the same, but the way to approach it has changed. Serum has made some adjustments based on feedback from users, institutional clients, and ecosystem partners who use Serum’s central limit order book for transactions, combinations, or indirect integration, but for a young ecosystem or the blockchain itself , these changes are all natural.
The first stage
Achievement
The first stage
● SRM will be listed on major exchanges in August 2020.
● The DEX on the chain has successfully realized ultra-fast transaction processing, ultra-low handling fees and spot transactions.
second stage
second stage
● Solana cross-chain bridge.
● An active wallet ecosystem has been formed thanks to a lot of effort invested in the sollet.io wallet and the recent Phantom wallet inspired by the sollet.io wallet.
The GUI interface ecosystem has also become rich and diverse. Based on the spirit of DeFi, Serum DEX encourages all participants to combine with it and independently manage the GUI interface with specific auxiliary functions to provide users with a richer trading experience. Bonfida is one of the typical examples.
The original intention of the Serum Ecological Reward Program is to motivate and incubate promising projects built on Serum, or projects that contribute to the development of the Serum ecosystem, DEX, and Serum and Solana communities.
In order to attract and motivate more developers to create projects on Serum, many public resources have been set up in the Serum project GitHub repository, including:
● Anchor, the operating framework of Solana Sealevel, which provides convenient developer tools, making it easier and more convenient to create new projects on the Serum platform.
● A list of project ideas (with corresponding bounties) that are widely in demand by the community.
secondary title
Phase 3 - Serum now
Thanks to its on-chain central limit order book and matching engine, Serum has become a well-run exchange and liquidity provider in the dApp ecosystem. The current third version of Serum DEX was launched in March this year, which greatly reduces the dependence on the request queue and ensures that the order book is kept up to date in real time.
In addition, Serum partners have released the following products in the past year:
● A new Serum Swap project built directly on the Serum order book (and not an automatic market maker). This project is an educational resource, an initial reference and guidance for those who want to create projects on Solana that can be combined with Serum DEX.
● An equity pledge project (Serum Staking) that can be accessed through the webpage, users can pledge SRM on the chain to obtain income (locked and unlocked).
● A multisig for project management of the Serum project (including the multisig itself) and IDL updates. .
● sollet.io wallet improvements. Added sollet.io Chrome extension. And a Swap (or "conversion") function has been added to the wallet, and users can directly perform token conversion on Serum DEX. Developers can also build their own Swap and get part of the handling fees from all handling fees.
● TradingView candlestick charts have been added to dex.projectserum.com to create a more familiar and intuitive trading experience for users.
Data achieved so far:
● The total trading volume since its establishment has reached 5.51 billion US dollars
● Regular daily trading volume of $100 million
● Serum V3 has 969 trading pairs as of June
next step
next step
Serum's ultimate vision has never changed: we hope to prepare for the popularization of DeFi by building an industry infrastructure that can support billions of users and trillions of dollars in capital. There is still a long way to go, but for many of the reasons already stated, you might agree: Serum remains the top contender to achieve the grand vision of this ecosystem.
So what do we need to do about it? Last year, we were astounded by the development and achievements of the Solana and Serum communities; looking forward, we will redouble our efforts to empower the projects and teams in the Serum ecosystem and help them do their best to achieve the greatest development.
In many industries, it may seem like a flashy bluff that all players are working together to advance the industry. But in our business, it couldn't be more true. Projects benefit from sharing liquidity based on a central limit order book, building and combining on a shared program, and developing decentralized services that we think future projects may need (and some that we haven't thought of yet) A lot.
To this end, we are working with other ecosystem participants to launch DEX upgrades, introduce a new financial infrastructure to the Serum ecosystem, and lower the threshold for launching and running new projects on Serum.
Upgrades include the following:
Serum DEX direct upgrade:
● Options for lower fees; eg, a stablecoin-to-stablecoin marketplace, will be open to teams building a stablecoin conversion protocol integrated on Serum
● Permitted trading market: You can set restrictions on which accounts can participate in which trading pairs
● Automatic settlement using relevant token accounts
Derivatives on Serum:
● Perpetual contract products: 2022Q1–2022Q2
● Lending, supporting many different tokens: 2021Q4–2022Q1
Decentralization:
Decentralization:
● Decentralized cranking so that new projects can borrow existing cranking services
● Completely decentralized Serum repurchase and destruction
Serum ecological rewards:
● Broaden the range of rewards
● Decentralization of reward acquisition process
Institutional entrance, liquidity provides:
● Build a standardized API interface for Serum DEX and projects in the Serum ecosystem, supporting REST, websocket and FIX access
● Join CeFi Partners
● Incentive program for market makers, covering new projects with existing markets
● Optimize the corresponding RPC server performance for common DEX operations . . .
Click to read Serum's Ultimate Vision (An Ultimate Vision for Project Serum)
Click to read how to build a project on Serum (Building on Serum's Vision)
Click to view Serum's Developer Resources and Project Ideas
Click to listen to the founder SBF talk about the breakdown of the Serum ecosystem (breakdown of the Serum ecosystem)
