Serum Newsletter #43

Welcome, readers, to Serum Newsletter #43! 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 sweet updates on our favourite Serum-oriented projects!

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 $7.88B in trading volume since inception.

This week, 131K SRM was burned and 33K SRM was dropped onto stakers — This is $1.7M worth at current prices.

Vision & Mission & Execution 🙌

Jeremy Allaire shared a beautiful thread about why Solana matters for the future of payments, banking and capital markets. We thank Jeremy for his commitment to Solana and Project Serum and for his work on USDC towards free payments for the entire world. We are proud of the accomplishments we have done together over the last year.

Jump Crypto Officially Enters Crypto 🦘

“We’ve been in crypto for six years now in various capacities,” & “That span a lot more than trading. Helping build out a lot of protocols, being involved in protocol governance, and extending into areas we have expertise in.” ~Kanav Kariya, president of Jump Crypto.

Jump’s crypto operation has served as the backbone of Robinhood Crypto, providing liquidity for its cryptocurrency trading. It has also invested in the market through its affiliate venture firm, Jump Capital.

The company is reporting to have more than 80 employees dispersed over the globe and have deployed billions in capital across the ecosystem

Atrix Protocol Mainnet is live 🚀

Congratulations to @AtrixProtocol for their mainnet launch! We’re excited to see AMMs based on Project Serum that allow anyone to easily create liquidity pools and farms.

Mercurial TVL skyrockets 🏆

Congratulations to the Mercurial Finance team for this impressive TVL increase. If you didn’t yet, you should definitely try Mercurial product, one of the stable coin swaps on Solana with the best rates!

Cyclos Origins 🔱

Solana projects do love their Greek mythology! Do you know what Cyclos mean?

Is the Market Efficient? 🤔

Check out this incredible research piece, published by the @ZetaMarkets team, about the potential alpha generation, through their analysis of the crypto options markets.

Pyth network withstands volatility 👑

Read this excellent thread by @Mariobern_ on how Pyth network is bringing institutional grade data onto the Solana network, and how it presents competition to legacy oracles.

Pyth network partners with Bitstamp

“The Pyth Network with its specialized oracle solution for latency-sensitive financial data presents an important building block in the next-generation DeFi crypto market infrastructure. Decentralized finance relies on high-fidelity, time-sensitive, and real-world input. The Pyth Network focuses on new ways of bringing live data on the blockchain and aggregating it securely. By providing smart contracts with decentralized access to live-stream info that they need, Pyth Network has the potential to build the future of next-generation DeFi apps that present the cornerstone of the DeFi evolution.” ~Miha Vidmar, Bitstamp’s Chief Product Officer

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!