Serum Newsletter #33
Welcome, readers, to Serum Newsletter #33! The excitement continues unabated in the Serum and Solana ecosystems! In this week’s issue, we summarize the recent parade of new milestone events in the ecosystem and some cool updates on our favourite Serum-oriented projects! Stay tuned, and have a great week!
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 $5.24B in trading volume since inception.
This week, 37.7K SRM was burned and 9.4K SRM was dropped onto stakers — This is $167k worth at current prices.
Project Serum DEX 🆕 UI
A new UI has been released with a special upgrade. You can now watch your favorite live price action charts directly from the trading interface of Serum DEX thanks to TradingView.
A great infographic displaying all the projects built upon Project Serum by the Solanians team on Twitter. These are projects which directly benefit from Serum DEX underlying liquidity and matching engine!
Get Funded 💰
Solana Labs is actively investing into early projects looking to accelerate the development of the ecosystem. If you feel motivated and are building a great product, don’t hesitate to reach out to Solana.
Phantom 👻 Available Everywhere!
No matter what your favorite browser may be, you can now use Phantom wallet from your extension bar! Spooky!
Download it here.
DeFi Hackathon 🧪 Demo
Check out the Foresight Markets product demo, a new Solana-based prediction market! Predict and profit, that’s the aim of the game.
Serum Pulse 📈
The team at Serum Pulse has been hard working on delivering new tools and features! Check out the new website here.
Anchor: A Framework for Solana ⚓
Armani Ferrante has put together a list of teams building on Solana with Anchor framework, which is evolving at fast pace! Anchor is a framework for Solana’s Sealevel runtime providing several convenient developer tools.
If you’re familiar with developing in Ethereum’s Solidity, Truffle, web3.js or Parity’s Ink!, then the experience will be familiar. Developers on Serum may also want to check out our Resources and Ideas page.
FTX partnering with Pyth Network
The Pyth Network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens’’ of centralized institutions.
“This is an important and exciting development for the DeFi ecosystem and I look forward to working with the Pyth Network to bridge the gap between traditional finance and the blockchain.” Sam Bankman-Fried, FTX Founder & CEO.
Chicago Trading Company (CTC) also partnering with Pyth Network
“Blockchain is fundamentally altering age-old practices and processes like market data services,” Brett Estell, Global Co-Head of Trading at CTC.
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.
@ZetaMarkets the premier under-collateralized DeFi options platform built on Solana
@MoetFi capital-efficient derivatives exchange built on Solana.
Foresight Markets prediction markets with ample exit liquidity and opportunities to earn spreads for MM’s
Mercurial Finance DeFi’s first dynamic vaults for stable assets on Solana
Symmetry Decentralized index protocol for easy diversification and passive earnings
And so many more!
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!
