탈중앙화 된 파생 상품 거래소로서 크로스체인 암호화폐 거래를 목적으로 만들어졌습니다.

## Serum (SRM) 팩트 시트

* Serum은 기본적으로 탈중앙화 된 파생 상품 거래소로, 주요 목표는 암호화폐의 크로스체인 거래를 가능하게 하는 것입니다.
* 프로젝트는 중앙화 파생 상품 플랫폼인 [FTX](https://ftx.com/en) 및 [Solana (SOL) 블록체인](https://docs.solana.com/)과의 협력을 통해 개발되었습니다.
* Serum의 거버넌스 프로세스는 SRM 거버넌스 토큰을 통해 처리되며, 이 토큰은 네트워크 참여자에게 보상을 제공하는 역할도 합니다.
* MegaSerum 토큰(MSRM)은 [1백만 SRM 토큰](https://docs.projectserum.com/introduction/srm-token)에 해당하며, 네트워크의 스테이킹 노드 운영자로 참여하려면 900만 SRM 토큰(총 1천만 SRM)을 추가로 요구받습니다. 이는 네트워크 탈중앙화를 촉진하고 거래 결제 검증을 지원합니다.

## Serum (SRM)이란?

Serum (SRM)은 기본적으로 탈중앙화 된 거래소(DEX) 프로젝트로, 높은 속도와 효율로 크로스체인 거래를 가능하게 합니다. 이는 주로 Solana (SOL) 블록체인을 기반으로 작동하기 때문입니다. 더 나아가서 [Ethereum (ETH)](https://ethereum.org/en/what-is-ethereum/) 및 [Bitcoin (BTC)](https://bitcoin.org/bitcoin.pdf)와 호환되어 크로스체인 DEX가 됩니다.

프로젝트는 원래 2020년 8월에 출시되었으며, Solana 블록체인 위에 구축된 첫 번째 오픈 소스 프로젝트 중 하나였습니다. 또한 Serum 재단의 지원을 받으며, FTX, [Alameda Research](https://www.alameda-research.com/), [Solana Foundation](https://solana.org/)이 후원합니다. 실제로 FTX 파생 상품 및 중앙화 거래소를 구축한 팀과 같은 팀이 Serum을 개발했습니다.

### Serum (SRM)의 사용 방법

Serum은 빠르고 다양한 블록체인과 스테이블 코인을 지원하는 탈중앙화 거래소(DEX) 생태계를 구동하는 데 사용됩니다. 또한 주문서 및 래핑된 암호화폐도 지원합니다.

대부분의 [탈중앙화 금융(DeFi)](https://www.investopedia.com/decentralized-finance-defi-5113835) 시스템은 스마트 계약을 기반으로 하지만, 이는 잠재적으로 해킹되어 자금이 약탈 될 수 있습니다. 또한, 이 플랫폼들은 중앙화된 오라클의 힘을 빌려 가격 피드를 제공함으로써 전통적인 거래 세계와 상호작용합니다.

Serum은 이를 탈중앙화 시키고자 합니다. Solana 상에 구축되어 이론적으로 [트랜잭션 처리 속도 (TPS)](https://en.wikipedia.org/wiki/Transactions_per_second)가 710,000까지 도달할 수 있습니다. 이는 현재 Ethereum의 15~30 TPS보다 훨씬 높습니다.

설계상 Serum 네트워크는 전통적인 거래소와 유사한 방식으로 거래를 촉진하기 위해 구성되었지만, Solana와 직접 통합하여 높은 속도, 저비용 및 효율적인 거래 이점을 제공합니다. 모든 거래는 블록체인 위에 정산됩니다.

### Serum (SRM)의 사용 사례

전통적인 거래소에서는 주문서가 매수와 매도 주문을 가격 수준별로 정리해 중앙화된 기관이 관리합니다. 하지만 Serum은 이를 온체인으로 자동화하여 매수자와 매도자를 직접 매칭합니다.

또한, [자동화된 시장 형성(AMM)](https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm) 모델과 달리, Serum은 참가자들이 자신의 주문을 완전히 제어할 수 있게 합니다. 네트워크의 모든 사람은 자산을 사고 팔고자 하는 값을 자유롭게 선택할 수 있으며, 제한 없이 원하는 주문 크기를 지정할 수 있습니다.

더불어, 거래와 관련된 수수료는 SRM 암호화폐로 표시됩니다.

Serum의 또 다른 주요 기능 중 하나는 교차 체인 스왑을 가능하게 하여 다른 플랫폼에 존재하는 토큰을 거래할 수 있도록 합니다. 이는 [크로스체인](https://coinmarketcap.com/alexandria/glossary/cross-chain) 거래소를 통해 Ethereum (ETH) 토큰이 [ERC-20 토큰 표준](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/)을 따르면, 양 당사자가 특정 스마트 계약에 ETH를 보내면서 이루어집니다. 송신자가 수신자에게 토큰을 교환하면, 양쪽 모두 성공적인 거래 후 ETH 담보를 돌려받게 됩니다.

분쟁이 발생할 경우, 담보를 유지하는 스마트 계약이 블록체인을 확인하여 옳은 측을 판단하게 됩니다. 스마트 계약은 정당한 사람에게 자산을 다시 보내고 다른 사람의 담보 일부를 추가로 제공하여 모든 당사자가 올바르게 행동하도록 유인합니다.

## Serum (SRM)의 사용성과 주요 기능

Serum은 높은 유틸리티를 갖춘 자체 암호화폐 SRM 토큰을 보유하고 있으며, 이는 네트워크 위에서의 전송 수수료 지불로 사용됩니다. Serum 솔루션을 사용하는 참가자는 SRM 잔액을 사용하여 거래소에서 수수료 할인을 받을 수 있습니다.

또 다른 특징은 MegaSerum Token (MSRM) 도입으로, 100만 SRM을 잠그면 MSRM을 얻을 수 있고, 이는 개별적으로 보유한 100만 SRM보다 높은 보상을 제공합니다.

### 프로토콜

Serum 네트워크에서 블록체인 노드를 운영하려면 최소 1천만 SRM을 스테이킹 해야 하며, 총 1 MSRM이 그 중 일부로 포함되어야 합니다. 노드를 운영하지 않으면서 스테이킹 보상을 받고자 하는 사용자는 자신이 보유한 SRM을 다른 노드 운영자에게 위임하고 보상의 일부를 받을 수 있습니다.

### 원장

Serum (SRM)은 Solana (SOL) 블록체인 위에서 작동하며, 이를 통해 신속하고 효율적으로 낮은 수수료로 운영됩니다. Serum은 완전히 분산화된 DEX로 중앙화된 단일 실패 지점이 존재하지 않습니다. Solana와의 연결로 Serum은 다수의 블록체인 위에서 모든 교환을 탈중앙화 할 수 있는 독특한 DEX로, 독특한 온체인 주문서, 속도, 효율성을 낮은 거래 수수료와 결합합니다.

또한 Solana는 블록체인 간 상호 운용성에 의존하며, Ethereum (ETH) 및 Bitcoin (BTC)과 완전히 호환됩니다. 이는 Serum이 호환되지 않을 수 있는 암호화폐들도 완전히 교환 가능하게 합니다.

### 스마트 계약 지원

Solana의 가상 머신을 활용하여 Serum DEX는 스마트 계약 실행 절차에 완전히 접근할 수 있습니다. 또한 Ethereum과의 상호 운용성을 통해 스마트 계약을 지원할 수 있습니다.

Solana의 Low-Level Virtual Machine은 프로젝트 팀에 의해 특별히 제작되어 SRM 암호화폐에 높은 유틸리티를 가져옵니다.

## 토크노믹스 및 공급 분배

Serum DEX는 두 개의 주요 토큰으로 구성됩니다. 이는 Serum (SRM)과 MegaSerum (MSRM)을 포함합니다.

Serum은 Serum의 유틸리티 및 거버넌스 토큰으로, 암호화폐 지갑에 SRM을 보유하고 있는 경우 수수료 할인을 받을 수 있습니다. SRM은 Solana 블록체인의 SPL 토큰으로, Ethereum 블록체인에서는 ERC-20 토큰으로도 제공됩니다.

MegaSerum (MSRM)은 100만 SRM 토큰이 묶인 것입니다. MSRM은 1000개로 제한되어 있어 매우 희소합니다.

Serum의 공식 문서에 따르면, SRM의 토크노믹스는 다음과 같이 분배됩니다:

출시 시점에서 전체 SRM 토큰의 10%가 잠금 해제되기 시작합니다.

나머지 90%는 동일한 잠금 해제 일정을 따릅니다. 초기에 모든 토큰은 1년 동안 완전히 잠겨 있었고, 이후 6년 동안 선형으로 잠금 해제되기 시작했습니다. 이 과정은 2021년 8월 11일부터 시작되었으며 매일 약 1/2190이 잠금 해제됩니다. 모든 시드 판매는 잠겨 있습니다.
          Content: limited to 10,000,000,000 SRM.

## Team & History

Serum의 전체 개발과 역사를 이해하려면 먼저 __[Sam Bankman-Fried](https://en.wikipedia.org/wiki/Sam_Bankman-Fried)__와 FTX를 살펴보아야 합니다.

Sam Bankman-Fried는 Jane Street Capital에서 투자 은행가와 금융 고문으로 시작했습니다. 그러나 2017년에 그는 개인과 기관 투자자를 위해 유동성을 제공하고 디지털 자산을 관리하는 회사인 Alameda Research를 설립했습니다.

하지만 2019년, 그는 Alameda Research와 함께 Binance Exchange의 투자를 받아 글로벌 규모에서 가장 큰 거래 플랫폼 중 하나로 빠르게 성장한 중앙화된 암호화폐 파생상품 거래소 FTX를 출범시켰습니다.

그 후 2020년 8월에 Serum이 중앙 데이터베이스를 거치지 않고 사용자가 암호화폐를 구매, 판매, 거래할 수 있는 탈중앙화 거래소로 출범했습니다.

즉, Serum은 FTX 거래소의 CEO인 Sam Bankman-Fried에 의해 공동 설립되었으며, FTX 팀에 의해 개발되었습니다.

Serum은 FTX, Alameda Research, Solana Foundation을 포함한 파트너 연합에 의해 창립되었으며, 암호화폐, 거래 및 탈중앙화 금융 전문가 그룹이 지원하는 Serum Foundation에 의해 현재 개발이 지원되고 있습니다.

## Activities & Community

공식 프로젝트 Serum의 __[Twitter 페이지](https://twitter.com/projectserum)__를 보면, Serum은 4,000명 이상의 팔로워를 가지고 있어 건강하고 활발한 커뮤니티를 보여줍니다.

프로젝트 Serum의 __[텔레그램 페이지](https://t.me/ProjectSerum)__를 살펴보면 6,300명 이상의 회원이 있습니다.

### Development Activity and GitHub Repositories

개발 활동을 살펴보면, __[Project Serum의 공식 GitHub 페이지](https://github.com/project-serum)__를 볼 필요가 있습니다.

여기에는 여러 인기 있는 리포지토리가 있으며, 다음과 같이 나뉘어져 있습니다:

* __[Serum-dex](https://github.com/project-serum/serum-dex)__ - Project Serum Rust Monorepo
* __[Serum-dex-ui](https://github.com/project-serum/serum-dex-ui)__ - Serum DEX의 UI를 위한 예제 구현
* __[Swap-ui](https://github.com/project-serum/swap-ui)__ - Serum DEX에서의 스왑을 위한 React 컴포넌트
* __[Serum-ts](https://github.com/project-serum/serum-ts)__ - Project Serum TypeScript monorepo
* __[Swap](https://github.com/project-serum/swap)__ - Serum 주문서에서 스왑

### On-Chain Activity

온체인 활동을 살펴보면, Serum이 Solana와 Ethereum에서 모두 작동한다는 것을 알 수 있습니다.

따라서 Solana Explorer와 Etherscan을 사용하여 온체인 활동에 대한 데이터를 얻을 수 있습니다. 이는 크로스 체인 DEX이기 때문에, 양쪽의 정보를 모두 얻을 수 있습니다.

SRM의 고정 공급량은 9,992,475,558.047953 SRM입니다.

Etherscan을 살펴보면, SRM의 최대 총 공급량이 261,000,003 SRM임을 알 수 있습니다. 총 17,700명의 보유자와 551,891번의 전송이 있습니다.

출처: __[Etherscan](https://etherscan.io/token/0x476c5e26a75bd202a9683ffd34359c0cc15be0ff)__

### Activities and Partners

Serum (SRM)이 암호화폐 분야에서 높은 수준의 성장을 경험했기 때문에, 많은 파트너십과 협력, 통합을 경험했습니다. 가장 주목할 만한 것들 중 일부는 다음과 같습니다:

* __[Magic Eden](https://projectserum.medium.com/serum-partners-with-magic-eden-powering-sft-marketplace-for-genopets-with-its-asset-agnostic-265ce7936a0d)__ - Serum은 자산 무관 주문서를 통해 Genopets를 위한 SFT 마켓플레이스를 지원하기 위해 Magic Eden과 파트너십을 맺었습니다.
* __[Vybe DEX](https://projectserum.medium.com/vybe-dex-is-live-f969f07daf82)__ - Serum 커뮤니티는 데이터 기반 거래 인터페이스인 Vybe DEX의 출시를 발표했습니다. Vybe DEX는 Serum의 중앙 제한 주문서 및 매칭 엔진이 구동하며 Vybe Network에서 구축 및 호스팅됩니다.
* __[FRAKT](https://projectserum.medium.com/frakt-aims-to-build-an-nft-defi-ecosystem-for-nft-collectors-investors-and-creators-serum-28457979b45f)__ - Serum은 NFT 수집가, 투자자 및 창작자를 위한 NFT, 디파이 생태계를 구축하기 위해 FRAKT와 파트너십을 맺었습니다.

## References & Reports

### References

*[Serum Partners with Magic Eden, Powering SFT Marketplace for Genopets with its Asset Agnostic Orderbook - Medium](https://projectserum.medium.com/serum-partners-with-magic-eden-powering-sft-marketplace-for-genopets-with-its-asset-agnostic-265ce7936a0d)*
*[Vybe DEX is live - Medium](https://projectserum.medium.com/vybe-dex-is-live-f969f07daf82)*
*[FRAKT aims to build an NFT-DeFi ecosystem for NFT collectors, investors, and creators — Serum Stories #20 - Medium](https://projectserum.medium.com/frakt-aims-to-build-an-nft-defi-ecosystem-for-nft-collectors-investors-and-creators-serum-28457979b45f)*
*[Official Project Serum Discord](https://discord.com/invite/zxPsXcB)*
*[Official Project Twitter](https://twitter.com/projectserum)*
*[Official Project Serum Telegram](https://t.me/ProjectSerum)*
*[Official Project Serum Github](https://github.com/project-serum)*
*[Official Project Serum Documentation - Resources and documentation for the Serum Ecosystem](https://docs.projectserum.com/)*
*[Solana (SOL) blockchain Documentation](https://docs.solana.com/)*
*[FTX Derivatives Exchange](https://ftx.com/en)*
*[SRM Token Guide from Official Documentation](https://docs.projectserum.com/introduction/srm-token)*
*[What is Ethereum? - Ethereum.org](https://ethereum.org/en/what-is-ethereum/)*
*[Bitcoin: A Peer-to-Peer Electronic Cash System Whitepaper](https://bitcoin.org/bitcoin.pdf)*
*[Alameda Research Official Page](https://www.alameda-research.com/)*
*[Solana Foundation Official Page](https://solana.org/)*
*[Decentralized Finance (DeFi) - Investopedia](https://www.investopedia.com/decentralized-finance-defi-5113835)*
*[Transactions Per Second (TPS) - Wikipedia](https://en.wikipedia.org/wiki/Transactions_per_second)*
*[Project Serum Official Page](https://www.projectserum.com/)*
*[What Is an Automated Market Maker (AMM)? - Binance Academy](https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm)*
*[ERC-20 TOKEN STANDARD](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/)*
*[What is Cross-Chain? CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/glossary/cross-chain)*
*[Sam Bankman-Fried - Wikipedia](https://en.wikipedia.org/wiki/Sam_Bankman-Fried)*

### Market Research

*[Solana Explorer (BETA)](https://explorer.solana.com/address/SRMuApVNdxXokk5GT7XD5cUUgXMBCoAz2LHeuAoKWRt)*
*[Etherscan](https://etherscan.io/token/0x476c5e26a75bd202a9683ffd34359c0cc15be0ff)*


탈중앙화 파생 상품 거래소와 크로스체인 거래 기술입니다.


Serum

The Decentralized Derivatives Exchange with Cross-Chain Trading Technology.

## Serum (SRM) Fact Sheet

* Serum is essentially a decentralized derivatives exchange that was specifically created with the main goal in mind of enabling cross-chain trading of cryptocurrencies.
* The project was developed through a collaboration with the centralized derivatives platform __[known as FTX](https://ftx.com/en)__ as well as the __[Solana (SOL) blockchain](https://docs.solana.com/)__.
* The main way through which the governance process is handled on top of Serum is through the SRM governance token, which is also responsible for the process of rewarding network participants.
* A MegaSerum Token (MSRM) is equal to __[1 million SRM tokens](https://docs.projectserum.com/introduction/srm-token)__, which is the amount required to participate within the network as a staking node operator alongside 9 million SRM tokens (A total of 10 million SRM), which can contribute toward network decentralization and offers support in transaction settlement validation.

## What is Serum (SRM)?

Serum (SRM) is essentially a decentralized exchange (DEX) project that is purpose-built to enable cross-chain trading with a high level of speed and efficiency that can even rival centralized exchanges that are its competition. This is mainly due to the fact that it runs on top of the Solana (SOL) blockchain. However, it is also fully interoperable with __[Ethereum (ETH)](https://ethereum.org/en/what-is-ethereum/)__ as well as __[Bitcoin (BTC)](https://bitcoin.org/bitcoin.pdf)__, which makes it a cross-chain DEX.


Serum as a project was originally launched in August 2020 and was one of the first open-source projects that got built on top of the Solana blockchain.


Furthermore, this is a project that is fully supported by the Serum Foundation and is backed by FTX, __[Alameda Research](https://www.alameda-research.com/)__, as well as the __[Solana Foundation](https://solana.org/)__. In fact, the same team that contributed to building the FTX derivatives and centralized exchange was the team behind the development of Serum.

### How is Serum (SRM) Used?

Serum is utilized to power a decentralized exchange (DEX) ecosystem that is quick and supports a multitude of blockchains and stablecoins, and even supports order books as well as wrapped cryptocurrencies.


Most __[Decentralized Finance (DeFi)](https://www.investopedia.com/decentralized-finance-defi-5113835)__ systems are based on smart contracts. However, these can potentially be exploited and have their funds stolen. Furthermore, these platforms interact with the traditional world of trading by leveraging the power of centralized oracles and providing them with the price feeds they need to function properly.


Serum tries to combat this by making everything decentralized. Furthermore, due to the fact that it is built on top of Solana, it can, theoretically, reach 710,000 __[transactions per second (TPS)](https://en.wikipedia.org/wiki/Transactions_per_second)__, which is far beyond Ethereum’s 15 to 30 TPS at the current point in time.


By design, the Serum network is meant to facilitate transactions in a way that is similar to traditional exchanges; however, by being directly integrated with Solana, it benefits from its high speed, low costs, and efficient transactions, all of which allow them to get settled on top of the blockchain.

### Use-Cases of Serum (SRM)

There are numerous use cases found within the __[Serum (SRM)](https://www.projectserum.com/)__ DEX. When we take a look at traditional exchanges, order books are essentially a list of buy and sell orders, which are organized by price levels, after which they are maintained by an entity that is centralized. However, Serum differentiates itself by having this process automated and on-chain, by matching the buyers and the sellers, which is directly based on their orders.


Furthermore, unlike __[automated market-making (AMM)](https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm)__ models, where the traders buy and sell cryptocurrencies from the liquidity pools, Serum, again, differentiates itself by providing its participants with full control over their orders. This means that every person who is a part of the network is provided with the opportunity to essentially pick a value that they would like to buy and sell their assets for and the ability to pick any order size that they feel comfortable with without being limited in any way.


Alongside all of this, there is a fee that is associated and connected with each trade, which is denominated within the SRM cryptocurrency.

Another interesting feature of Serum is the fact that it has the ability to bring cross-chain swaps to its exchange, and this, in turn, allows any participant to trade tokens that already exist on top of other platforms.


What this means is that through the utilization of the __[cross-chain](https://coinmarketcap.com/alexandria/glossary/cross-chain)__ exchange for Ethereum (ETH) tokens that follow the __[ERC-20 token standard](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/)__, the mechanism occurs at a point in time when both parties send ETH to a specific smart contract that serves the role of collateral. At the point in time when the sender ends up sending their cryptocurrencies to the receiver, in exchange for another token, both of them will receive their ETH collateral back upon a successful transaction.


However, whenever a dispute ends up occurring, the smart contract, which is responsible for the process of holding the collateral, can then determine who is in the right by checking the underlying blockchain.


The smart contract has the ability to send the assets back to the person who is correct and provide them with an additional portion of the other person's collateral as a means of incentivizing all of the parties to behave.

## Usability & Primary Features of Serum (SRM)

Serum has a native cryptocurrency that features a high level of utility associated with it, and this is known as the SRM token. This cryptocurrency gets its value from its overall utility on top of the network.


This occurs due to the fact that it is a form of payment for the transfer of fees on top of the network, and each participant that utilizes the Serum solution can spend their SRM balance as a means of enabling a reduction in fees on top of the exchange.


However, there is another feature that makes this cryptocurrency and overall DEX stand out, and this is due to the fact that it introduced the MegaSerum Token (MSRM).


MSRM is unique in the fact that it enables participants within the network to gain it at the point in time when they lock 1 million SRM, which aids them in receiving higher rewards than 1 million SRM would if they were individually held.

### Protocol

If someone wants to operate a blockchain node on top of the Serum network, after which they would be provided with the opportunity to supply the blockchain history for any cross-chain settlement validation that occurs on top of the network, they need to stake a minimum of 10 million SRM, where all of the nodes needs to have at least one MSRM as a part of that total.


If users do not want to operate as a node but have the main intention of receiving staking rewards, they are also provided with an opportunity to essentially delegate their SRM holdings to any other node operator, after which they can unlock a portion of the staking rewards.

### Ledger

Serum (SRM) is based on top of the Solana (SOL) blockchain and leverages all of its unique properties and benefits as a means of operating quickly, efficiently, and with low fees.


However, due to the fact that Serum is a DEX that is fully distributed, it has no single point of failure as it is not centralized in any way.

Due to its connection with Solana, Serum is a unique DE that allows for the decentralization of all of the exchanges on top of numerous blockchains, alongside a unique on-chain order book, speed, and efficiency, all of which are fused together with low transaction fees.


Furthermore, Solana is also reliant on the interoperability between blockchains and is fully compatible with Ethereum (ETH) and Bitcoin (BTC). This benefits Serum and enables the collaboration for cryptocurrencies that would otherwise not be compatible with the network, where they become fully exchangeable through the Serum DEX.

### Smart-Contract Support

Due to the fact that it leverages Solana's virtual machine, the Serum DEX has full access to the procedure of executing smart contracts. Furthermore, Serum is also able to support smart contracts by utilizing its Ethereum interoperability.


Solana’s Low-Level Virtual Machine was specifically created by its development team, not by Serum, and brings a high level of utility to the SRM cryptocurrency.

## Tokenomics & Supply Distribution

There are two main tokens that make up the Serum DEX. These include Serum (SRM) and MegaSerum (MSRM).


Serum is the utility and governance token of Serum, and if anyone holds SRM in their cryptocurrency wallet, they can receive a discount on the fees. SRM is native to the Solana blockchain as an SPL token. However, it is also available on the Ethereum blockchain as an ERC-20 token.


MegaSerum (MSRM) is 1,000,000 SRM tokens that are stacked together. Anyone can create 1 MSRM by locking up 1 million SRM. There is a limit of 1,000 MSRM, making them scarce in practice.


Based on Serum's official documentation, the tokenomics surrounding SRM specifically are distributed as follows:

At the point of launch, 10% of all SRM tokens began getting unlocked.


The other 90% had the same unlock schedule. These tokens were fully locked for the first year and began unlocking linearly over the span of the following six years.


This began on August 11, 2021, at approximately 1/2190 per day. All of the seed sales were locked.


With that in mind, the supply of SRM is limited to 10,000,000,000 SRM.

## Team & History

To get a perspective on the overall development and history of Serum, we first need to look at __[Sam Bankman-Fried](https://en.wikipedia.org/wiki/Sam_Bankman-Fried)__ and FTX.


Sam Bankman-Fried began as an investment banker and financial adviser at Jane Street Capital. However, in 2017, he launched Alameda Research, which is a company that specializes in providing liquidity and managing digital assets for both individuals as well as institutional investors.


However, in 2019, he, alongside Alameda Research, launched the centralized cryptocurrency derivatives exchange FTX, which was launched with an investment from the Binance Exchange and quickly became one of the largest trading platforms on a global scale.


Serum was then launched in August 2020 as a decentralized exchange that allows users to buy, sell, and exchange cryptocurrencies without involving a central database.


This means that Serum was co-founded by Sam Bankman-Fried, the CEO of the FTX exchange, and developed by the same team that worked on FTX.


Serum was created by a consortium of partners, including FTX, Alameda Research, and the Solana Foundation, and its development is currently supported by the Serum Foundation, which is backed by a group of experts in cryptocurrency, trading, and decentralized finance.

## Activities & Community

Looking at how its performance on the __[Official Project Serum Twitter page](https://twitter.com/projectserum)__ looks like, Serum has over 4,000 followers, indicating a healthy and active community.


When we go over Project Serum’s __[Official Telegram Page](https://t.me/ProjectSerum)__, we can see that it has over 6,300 members.

### Development Activity and GitHub Repositories

When we go over its development, we need to take a look at the __[Project Serum Official GitHub Page.](https://github.com/project-serum)__


Here, there are numerous popular repositories, split across:

* __[Serum-dex](https://github.com/project-serum/serum-dex)__ - Project Serum Rust Monorepo
* __[Serum-dex-ui](https://github.com/project-serum/serum-dex-ui)__ - Example Implementation of a UI for the Serum DEX
* __[Swap-ui](https://github.com/project-serum/swap-ui)__ - React Component for Swapping on the Serum DEX
* __[Serum-ts](https://github.com/project-serum/serum-ts)__ - Project Serum TypeScript monorepo
* __[Swap](https://github.com/project-serum/swap)__ - Swap on the Serum Order Book

### On-Chain Activity

When we go over its on-chain activity, it is clear that Serum functions both on top of Solana as well as Ethereum.


As such, we will be utilizing the Solana Explorer, as well as Etherscan, to get the data surrounding its on-chain activity, as it's a cross-chain DEX, and this way, we can have information surrounding both sides of the equation.

There is also a fixed supply of 9,992,475,558.047953 SRM.


When we go over Etherscan, we can see that SRM has a maximum total supply of 261,000,003 SRM. There are a total of 17,700 holders of the cryptocurrency, as well as 551,891 transfers.


Source: __[Etherscan](https://etherscan.io/token/0x476c5e26a75bd202a9683ffd34359c0cc15be0ff)__

### Activities and Partners

Due to the fact that Serum (SRM) has experienced a high level of growth within the crypto space, it has experienced a lot of partnerships, as well as collaborations and integrations. Some of the most notable ones include:

* __[Magic Eden](https://projectserum.medium.com/serum-partners-with-magic-eden-powering-sft-marketplace-for-genopets-with-its-asset-agnostic-265ce7936a0d)__ - Serum has partnered with Magic Eden to power the SFT marketplace for Genopets with its Asset Agnostic Orderbook.
* __[Vybe DEX](https://projectserum.medium.com/vybe-dex-is-live-f969f07daf82)__ - The Serum Community announced the launch of Vybe DEX, which is a data-driven trading interface that is powered by Serum’s Central Limit Order Book and Matching Engine, which is built and hosted by the Vybe Network.
* __[FRAKT](https://projectserum.medium.com/frakt-aims-to-build-an-nft-defi-ecosystem-for-nft-collectors-investors-and-creators-serum-28457979b45f)__ - Serum partnered with FRAKT as a means of aiding it in building a non-fungible token (NFT), decentralized finance (DeFi) ecosystem for NFT collectors, investors, and creators.

## References & Reports

### References

* __[Serum Partners with Magic Eden, Powering SFT Marketplace for Genopets with its Asset Agnostic Orderbook - Medium](https://projectserum.medium.com/serum-partners-with-magic-eden-powering-sft-marketplace-for-genopets-with-its-asset-agnostic-265ce7936a0d)__
* __[Vybe DEX is live - Medium](https://projectserum.medium.com/vybe-dex-is-live-f969f07daf82)__
* __[FRAKT aims to build an NFT-DeFi ecosystem for NFT collectors, investors, and creators — Serum Stories #20 - Medium](https://projectserum.medium.com/frakt-aims-to-build-an-nft-defi-ecosystem-for-nft-collectors-investors-and-creators-serum-28457979b45f)__
* __[Official Project Serum Discord](https://discord.com/invite/zxPsXcB)__
* __[Official Project Twitter](https://twitter.com/projectserum)__
* __[Official Project Serum Telegram](https://t.me/ProjectSerum)__
* __[Official Project Serum Github](https://github.com/project-serum)__
* __[Official Project Serum Documentation - Resources and documentation for the Serum Ecosystem](https://docs.projectserum.com/)__
* __[Solana (SOL) blockchain Documentation](https://docs.solana.com/)__
* __[FTX Derivatives Exchange](https://ftx.com/en)__
* __[SRM Token Guide from Official Documentation](https://docs.projectserum.com/introduction/srm-token)__
* __[What is Ethereum? - Ethereum.org](https://ethereum.org/en/what-is-ethereum/)__
* __[Bitcoin: A Peer-to-Peer Electronic Cash System Whitepaper](https://bitcoin.org/bitcoin.pdf)__
* __[Alameda Research Official Page](https://www.alameda-research.com/)__
* __[Solana Foundation Official Page](https://solana.org/)__
* __[Decentralized Finance (DeFi) - Investopedia](https://www.investopedia.com/decentralized-finance-defi-5113835)__
* __[Transactions Per Second (TPS) - Wikipedia](https://en.wikipedia.org/wiki/Transactions_per_second)__
* __[Project Serum Official Page](https://www.projectserum.com/)__
* __[What Is an Automated Market Maker (AMM)? - Binance Academy](https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm)__
* __[ERC-20 TOKEN STANDARD](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/)__
* __[What is Cross-Chain? CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/glossary/cross-chain)__
* __[Sam Bankman-Fried - Wikipedia](https://en.wikipedia.org/wiki/Sam_Bankman-Fried)__

### Market Research

* __[Solana Explorer (BETA)](https://explorer.solana.com/address/SRMuApVNdxXokk5GT7XD5cUUgXMBCoAz2LHeuAoKWRt)__
* __[Etherscan](https://etherscan.io/token/0x476c5e26a75bd202a9683ffd34359c0cc15be0ff)__


