What is serum decentralized exchange & how does it work?

Serum’s decentralized exchange aims to automate this process on chain by matching sellers and buyers based on their orders. Unlike automated market making, where traders buy and sell cryptocurrencies from liquidity pools, Serum gives their participants full control over their orders.

What is serum and how does it work?

Serum is a decentralized cryptocurrency exchange built on the Solana blockchain. Serum is one of the first major projects to build on Solana and is interoperable with other cryptocurrencies including Bitcoin and Ethereum.Unlike other DEXes, Serum features order book based trading like centralized cryptocurrency exchanges.

What is serum Dex?

Serum DEX, built on top of the Asset Agnostic Order book, gives the ecosystem a larger pool of liquidity and a shared resource to support trading functionality. Permissioned marketplaces provide much more freedom and conformity. Furthermore, Serum allows many applications and participants to share middleware in a single location.

What is serum's utility token (SRM)?

Serum’s utility token, SRM, enables holders to receive up to a 50 percent discount on their trade fees and stakers to vote and participate in the platform’s governance mechanism.