Serum Newsletter #29
Welcome readers to Serum Newsletter #29! As the Serum and Solana ecosystems continue to grow, we’ll continue updating you on all the interesting developments and exciting projects being built!
Serum Discord: https://discord.gg/V9Xzqqxj
Serum Telegram: https://t.me/ProjectSerum
Announcements: https://t.me/ProjectSerum_announcements
Burns 🔥 and Staking Rewards
Project Serum has surpassed $4.79B in trading volume since inception.
This week, 36.3k of $SRM was burned and 9k of $SRM was dropped onto stakers — $178,935.00 worth at current prices.
Last week, 48,515 $SRM was burned and 12,126 $SRM was dropped onto stakers. At current prices, that’s $239,531.95 worth of $SRM.
FTX Pay
FTX Pay was introduced, offering a way for merchants to accept crypto payments from users. Merchants can receive payments at two destinations: an FTX account or an external wallet such as Sollet.io!
DeFi ☀️ Hackathon
The DeFi Hackathon was a huge success with more than 3000 projects participating.
Watch @MangoMarkets, @PsyOptions, @MarinadeFinance, @Synthetify, @SolriseFinance, and @OpenEraHQ showcase what they’ve built here!
Scale Solana to 1 Billion 🌏 people?
Tristan Yver had a very insightful interview with Solana co-founder Anatoly Yakovenko.
Watch the full interview here.
Mango 🥭 is BUIDLing
Ecosystem Update
GTS to Provide Cross-Asset Market Data Through the Pyth Network Oracle Solution.
Blocto, a cross-chain smart contract wallet, has been awarded two grants.
DeFi Land, a multi-chain agriculture-simulation web-game created to gamify decentralized finance.
Wum.bo, a platform built on top of Solana that brings Creator Coins directly to the networks where creators interact with their fans.
Introducing Solend, decentralized protocol for lending and borrowing on Solana.
Who’s building on Serum ? 🔧
This list is not exhaustive but hopefully illustrates some of the exciting projects building within the Serum ecosystem!
@ProjectSerum, yours truly, to provide plug-in orderbook matching and liquidity to devs to compose and seed their DApps
@phantom wallet to interact with the ecosystem
@WormholeCrypto for bridging SPL with ETH and Terra
@RaydiumProtocol for swaps and liquidity pools
@mangomarkets for decentralized leveraged trading and borrow-lending infra
@MAPS_ME for integrating millions of users into DeFi ecosystem
@Oxygen_protocol for an on-chain prime brokerage
@staratlas powering an MMO game economy on the markets.
@aurory powering an in-game economy for multiple game modes
@OpenEra bridging an in-game money market with off-game markets
@PsyOptions launching a vanilla options protocol.
@bonfida providing a beautiful GUI interface and automated trading
@JetProtocol for permissionless borrow-lending
@COPE for trading leaderboard creation to power an index and automated investment product
@Media Network for a privacy-first and community-governed content delivery network
@PythNetwork Pyth is designed to bring real-world data on-chain on a sub-second timescale.
@Solrise as a decentralized fund management and investment protocol
@SolendProtocol decentralized protocol for lending and borrowing on Solana.
And so many more!
That’s a wrap! Thanks for reading ! If you have any questions or wish to build in the Serum ecosystem, please feel free to reach out to us at contact@projectserum.com.
We’re always happy to answer questions or assist you in any way we can!
