Serum Newsletter #34

Welcome, readers, to Serum Newsletter #34! The excitement continues unabated in the Serum and Solana ecosystems! In this week’s issue, we paraphrase the newest string of headline-catching events in the ecosystem and some sweet updates on, of course, our favourite Serum-oriented projects! Stay tuned, and have a great week!

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Burns 🔥 and Staking Rewards

Project Serum has surpassed $5.36B in trading volume since inception.

This week, 53.6K SRM was burned and 13.4K SRM was dropped onto stakers — This is $192k worth at current prices.

Sino Global Capital releases Investment 📚 Thesis

They reflect on Serum’s capabilities for bringing users a full CEX-like experience, with fully on-chain limit orderbooks and matching engine, blazing fast settlement and trading, and low transaction costs to the world at scale.

The Sino team also do an incredible deep dive on Serum as the core infrastructure powering a financial and service-oriented ecosystem.

Not financial advice.

You can check it out at their Medium.

Meet the Zeta Markets Team

We had the wonderful opportunity to interview the team behind Zeta Markets, the Solana Season Hackathon Winners 🏆 building an under-collateralized DeFi options platform on Solana.

In our new article, we share their team’s perspectives on the Serum and Solana communities and what they’ve learned through their journey.

This is part of a new interview series called Serum Stories. Which ecosystem project team do you want to read about next? Let us know!

The Growth 🌱 of Solana

Anatoly Yakovenko spoke with Crypto Briefing about the growth of Solana. Listen to the podcast to learn why Solana uses Rust instead of Ethereum’s Solidity, and why the network is prime for exponential growth over the coming years !

The Pyth network 📊 Opportunity

A very insightful thread written by @Mariobern_ about what Pyth network will bring to the DeFi ecosystem.

“There are 3 elements that distinguish Pyth from others. The first is its use-case and the tech, the second is the partners, and lastly the blockchain it’s built on. These three factors differentiate Pyth more so than any other oracles in the existing crypto market in my view.” Mario Bern

Switchboard partners with 🍑 Apricot Finance

Apricot Finance, a Solana lending protocol, is partnering with Switchboard, an oracle ecosystem also built on Solana. Through this partnership, Switchboard and Apricot will ensure the reliability and security of smart contracts established on the platforms.

Aurory Teaser ⚔️

Are you excited to play Aurory? Watch the trailer for an awesome preview of their game! See if you can catch all the subtle references too.

Moët Finance 🥂 AMM Mechanism

Find out how Moët Finance marries two concepts — the vAMM model pioneered by @perpprotocol and the introduction of an adjustable k value.

Download Phantom 👻 Today

There’s a thrilling chill in the air! The time has come for you to test Phantom wallet! An extension for accessing distributed applications has been deployed on the Solana blockchain.


Do you like the UX of Phantom? No matter the answer, you have the power now to make it even better!

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

We’re always happy to answer questions or assist you in any way we can!



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Project Serum

Project Serum is a decentralized liquidity infrastructure protocol. Learn more at