Serum Newsletter #38

Project Serum
4 min readAug 11, 2021

Welcome, readers, to Serum Newsletter #38! What’s going on in Serum and Solana land? The answer: a ton of exciting releases. As always, we’ll give you the run-down of the most exciting headlines of the week. Buckle up: things are just getting warmed up.

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 $5.95B in trading volume since inception.

This week, 33.7K SRM was burned and 22.5K SRM was dropped onto stakers — This is $275k worth at current prices!

Solrise Finance Interview 🎙️

This week we are joined by the one and only Solrise team who shared with us their founding story and details about their new launch of the revamped Solflare wallet.

Their commitment to the ecosystem is underscored by a clear history of execution, with the successes of Solflare, a user-friendly non custodial wallet that allows you to trade on Serum, and Solana Beach, a Solana explorer built in conjunction with Staking Facilities, complete with network and transaction analytics.

Raydium Listed on Binance 💥

A huge congrats to the Raydium Team for their listing on Binance. This is a big win for the overall Solana community, as Binance now supports native SPL tokens. Participating in the Solana ecosystem has never been easier!

Star Atlas is live ! 🛰️

Star Atlas launches the first phase of its Metaverse — the Galactic Marketplace! Powered by @ProjectSerum DEX, it will allow users to buy & sell assets such meta-posters or spaceships.

DeFi Land 🚜

We’re enamored with what the DeFi Land team is able to create!

All of us are eager to try out their beta at the end of the month! 🌻

Solflare is live ! 🌞

Congratulations to the Solflare team for their major upgrade!

Users can enjoy the first fully-featured NFT wallet support on Solana, alongside a new browser extension and a beautiful UX for staking! 👀

Symmetry Beta Launch 🚀

Symmetry just released its beta to manage your crypto portfolio! Go try it out!

Wormhole Launches ☄️🧑‍🚀

By connecting Terra <> ETH <> Solana <> BSC, Wormhole will enable users to enjoy cross-chain interoperability. Different blockchain solutions can co-exist and work together in harmony, accelerating mass adoption and acceptance between the ecosystems.

Design documents can be found on GitHub.

Zeta Markets teaches us options trading 🧮

It’s never too late to learn more about options trading and strategies and to add another tool to your trading arsenal.

Thank you Zeta Markets for making this intuitive course! 🦋

Pyth network partners with XR Trading

“We are firm believers in the growth and potential of DeFi as well as the importance of strong oracle solutions like the Pyth network” — Matt Haraburda, President of XR Trading.

Pyth network partners with Cumberland DRW

“Using the power and speed of Solana, a fast blockchain well-suited for time, cost and energy-efficient receipt and distribution of fast-moving data, this project enables us to contribute our crypto market data directly on-chain, in a sub-second timescale and in a tamper-resistant environment,” said Chris Zuehlke, Partner at DRW and Global Head of Cumberland.

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

@PythNetwork Pyth is designed to bring real-world data on-chain on a sub-second timescale.

@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

@phantom wallet to interact with the ecosystem

@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

@Saber_HQ a cross-chain stablecoin and wrapped assets exchange on Solana

@gopartyparrot a liquidity network for lending & borrowing on Solana

@StepFinance_ visualise, analyse, execute and aggregate transactions across all Solana contracts in one place

@Solfarmio the efficient Solana yield aggregator

@offpiste_io powering the new frontier of the private capital markets

@slope_finance building the decentralized exchange for communities

@cyclosfi the first AMM bringing concentrated liquidity to Solana

@LiqProtocol decentralized on-chain liquidation engine powering Project Serum markets & lending platforms on Solana

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!

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Project Serum

Project Serum is a decentralized liquidity infrastructure protocol. Learn more at https://projectserum.com