去中心化衍生品交易所，具有跨链交易技术。

## Serum (SRM) 资料表

* Serum 本质上是一个去中心化的衍生品交易所，主要目的是实现加密货币的跨链交易。
* 该项目是通过与中心化衍生品平台 __[FTX](https://ftx.com/en)__ 以及 __[Solana (SOL) 区块链](https://docs.solana.com/)__ 的合作开发的。
* 在 Serum 之上的治理过程主要是通过 SRM 治理代币处理的，它还负责奖励网络参与者的过程。
* 一个 MegaSerum 代币 (MSRM) 相当于 __[100 万个 SRM 代币](https://docs.projectserum.com/introduction/srm-token)__，这是作为质押节点操作员参与网络所需的数量，再加上 900 万 SRM 代币（总共 1000 万 SRM），这可以有助于网络去中心化，并在交易结算验证中提供支持。

## 什么是Serum (SRM)?

Serum (SRM) 本质上是一个去中心化交易所 (DEX) 项目，专为实现高速度、高效率的跨链交易而设计，甚至可以与其竞争对手中心化交易所媲美。这主要是因为它运行在 Solana (SOL) 区块链之上。然而，它也完全兼容 __[以太坊 (ETH)](https://ethereum.org/en/what-is-ethereum/)__ 以及 __[比特币 (BTC)](https://bitcoin.org/bitcoin.pdf)__，使其成为跨链 DEX。

作为一个项目，Serum 于 2020 年 8 月正式启动，是第一个在 Solana 区块链上建立的开源项目之一。

此外，这是一个由 Serum 基金会全力支持的项目，并由 FTX、__[Alameda Research](https://www.alameda-research.com/)__ 以及 __[Solana 基金会](https://solana.org/)__ 支持。事实上，同一团队在建设 FTX 衍生品和中心化交易所的同时也负责了 Serum 的开发。

### Serum (SRM) 的用途

Serum 用于推动一个快速并支持多种区块链和稳定币的去中心化交易所 (DEX) 生态系统，甚至支持订单薄和封装加密货币。

大多数 __[去中心化金融 (DeFi)](https://www.investopedia.com/decentralized-finance-defi-5113835)__ 系统基于智能合约。然而，这些可能会被利用并导致资金被盗。此外，这些平台通过利用中心化预言机的力量，向它们提供所需的价格信息，与传统的交易世界互动。

Serum 试图通过使一切去中心化来对抗这一点。此外，由于它建于 Solana 之上，理论上，它可以达到 710,000 __[每秒交易量 (TPS)](https://en.wikipedia.org/wiki/Transactions_per_second)__ 以上，这是目前以太坊的 15 到 30 TPS 根本无法比拟的。

通过设计，Serum 网络旨在以类似传统交易所的方式促进交易；然而，通过直接与 Solana 集成，它受益于高速度、低成本和高效交易，所有这些都允许在区块链上结算。

### Serum (SRM) 的用例

在 __[Serum (SRM)](https://www.projectserum.com/)__ DEX 中可以找到众多用例。当我们看传统交易所时，订单薄实际上是按价格级别组织的买卖订单列表，然后由一个中心化实体维护。然而，Serum 通过将这一过程自动化并链上执行，区分了自己，通过根据买家的卖家的订单直接匹配对手。

此外，与 __[自动做市 (AMM)](https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm)__ 模型不同，交易者从流动性池中买卖加密货币，Serum 又再次通过为参与者提供完全控制他们的订单而与众不同。这意味着每个网络成员都可以选择他们希望买卖资产的价值，并选择任何他们觉得合适的订单大小，而不受任何限制。

此外，每笔交易都与 SRM 加密货币关联并计费。

Serum 另一个有趣的特点是它能够将跨链交换引入其交易所，从而允许任何参与者交易已经在其他平台上存在的代币。

这意味着通过利用 __[跨链](https://coinmarketcap.com/alexandria/glossary/cross-chain)__ 交易所来交换符合 __[ERC-20 代币标准](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/)__ 的以太坊 (ETH) 代币，当双方将 ETH 发送到一个作为抵押的特定智能合约时，机制就会发生变化。当发送方将加密货币发送给接收方以换取另一种代币时，双方将在交易成功后收回各自的 ETH 抵押品。

然而，一旦发生争议，负责持有抵押品的智能合约可以通过检查底层区块链来确定谁是正确的。

智能合约能够将资产返还给正确的一方，并提供另一方的一部分抵押品作为激励，以促进各方行为规范。

## Serum (SRM) 的可用性及主要特点

Serum 具有一种内在的高效用的加密货币，即 SRM 代币。这种加密货币的价值来源于其在网络上的整体效用。

这是因为它是网络上费用传输的一种支付方式，每个使用 Serum 解决方案的参与者都可以花费他们的 SRM 余额来减少交易所的费用。

但还有一个特点使这种加密货币和整体 DEX 脱颖而出，这是由于它引入了 MegaSerum 代币 (MSRM)。

MSRM 的独特之处在于，当网络参与者锁定 100 万个 SRM 时，他们就可以获得它，这比单独持有 100 万个 SRM 可以获得更高的回报。

### 协议

如果有人想在 Serum 网络上操作区块链节点，并提供区块链历史以进行在网络上发生的任何跨链结算验证，他们需要至少质押 1000 万个 SRM，其中所有节点需要至少一个 MSRM 作为这总量的一部分。

如果用户不想作为节点操作，但主要目的是获得质押奖励，他们也可以将他们的 SRM 资产委托给其他任何节点操作员，以解锁部分质押奖励。

### 账本

Serum (SRM) 基于 Solana (SOL) 区块链，利用了其所有的独特属性和优势，以快速、高效和低费用的方式运行。

然而，由于 Serum 是一个完全分布式的 DEX，它没有任何单点故障，因为它没有任何中心化的成分。

由于其与 Solana 的连接，Serum 是一个独特的去中心化交易所，允许在多个区块链上进行交易去中心化，以及独特的链上订单薄、速度和效率，所有这些都结合了低交易费用。

此外，Solana 还依赖于区块链之间的互操作性，并且完全兼容以太坊 (ETH) 和比特币 (BTC)。这使 Serum 受益，并使得本不兼容的加密货币通过 Serum DEX 成为完全可以交换的资产。

### 智能合约支持

由于其利用了 Solana 的虚拟机，Serum DEX 能够完全执行智能合约过程。此外，Serum 还能够通过利用其与以太坊的互操作性来支持智能合约。

Solana 的低级虚拟机是由其开发团队特别创建的，而不是由 Serum 创建的，并为 SRM 加密货币带来了高水平的效用。

## 代币经济学与供应分配

Serum DEX 由两种主要代币组成。这些包括 Serum (SRM) 和 MegaSerum (MSRM)。

Serum 是 Serum 的效用和治理代币，如果有人在他们的加密货币钱包中持有 SRM，他们可以享受费用折扣。SRM 是 Solana 区块链上的一种 SPL 代币。然而，它也在以太坊区块链上作为 ERC-20 代币存在。

MegaSerum (MSRM) 是 100 万个 SRM 代币的集合。任何人都可以通过锁定 100 万个 SRM 来创建 1 个 MSRM。MSRM 的限制为 1000 个，使其在实际中变得稀缺。

根据 Serum 的官方文档，SRM 的代币经济学具体分配如下：

在启动时，所有 SRM 代币的 10% 开始解锁。

其余 90% 具有相同的解锁时间表。这些代币在第一年完全锁定，并开始在随后的六年内线性解锁。

这始于 2021 年 8 月 11 日，约为每天 1/2190。当所有的种子销售被锁定。

综上所述，SRM 的供应是
内容：限量 10,000,000,000 SRM。

## 团队与历史

从整体上了解 Serum 的发展和历史，我们首先需要了解 __[Sam Bankman-Fried](https://en.wikipedia.org/wiki/Sam_Bankman-Fried)__ 和 FTX。

Sam Bankman-Fried 最初是 Jane Street Capital 的投资银行家和财务顾问。然而，在 2017 年，他创立了 Alameda Research，这是一家专门为个人和机构投资者提供流动性和管理数字资产的公司。

然而，在 2019 年，他与 Alameda Research 一起推出了集中式加密货币衍生品交易所 FTX，获得 Binance Exchange 的投资后迅速成为全球最大的交易平台之一。

Serum 随后于 2020 年 8 月推出，作为一个去中心化的交易所，允许用户在不涉及中央数据库的情况下买卖和交换加密货币。

这意味着 Serum 由 FTX 交易所的 CEO Sam Bankman-Fried 共同创立，并由开发 FTX 的同一团队开发。

Serum 由包括 FTX、Alameda Research 和 Solana Foundation 在内的合作伙伴财团创建，目前其开发由 Serum Foundation 支持，该基金会由一组加密货币、交易和去中心化金融领域的专家支持。

## 活动与社区

查看 __[官方 Project Serum Twitter 页面](https://twitter.com/projectserum)__ 的表现，Serum 拥有超过 4,000 名关注者，表明社区健康且活跃。

查看 Project Serum 的 __[官方 Telegram 页面](https://t.me/ProjectSerum)__，我们看到其拥有超过 6,300 名成员。

### 开发活动和 GitHub 仓库

查看其开发活动，我们需要看一下 __[Project Serum 官方 GitHub 页面](https://github.com/project-serum)__。

这里有许多受欢迎的仓库，分布如下：

* __[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 DEX 的 UI 示例实现
* __[Swap-ui](https://github.com/project-serum/swap-ui)__ - Serum DEX 上交换的 React 组件
* __[Serum-ts](https://github.com/project-serum/serum-ts)__ - Project Serum TypeScript monorepo
* __[Swap](https://github.com/project-serum/swap)__ - Serum 订单簿上的交换

### 链上活动

查看其链上活动，可以清楚地看到 Serum 同时在 Solana 和 Ethereum 上运作。

因此，我们将利用 Solana Explorer 和 Etherscan 获取其链上活动的数据，因为它是一个跨链去中心化交易所，通过这种方式，我们可以获得两方面的信息。

SRM 的固定供应量为 9,992,475,558.047953 SRM。

查看 Etherscan，我们可以看到 SRM 的最大总供应量为 261,000,003 SRM。该加密货币共有 17,700 名持有者，以及 551,891 次转账。

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

### 活动和合作伙伴

由于 Serum (SRM) 在加密领域经历了高度增长，它经历了许多合作伙伴关系、协作和集成。最值得注意的一些合作伙伴包括：

* __[Magic Eden](https://projectserum.medium.com/serum-partners-with-magic-eden-powering-sft-marketplace-for-genopets-with-its-asset-agnostic-265ce7936a0d)__ - Serum 与 Magic Eden 合作，为 Genopets 的 SFT 市场提供其资产无关的订单簿支持。
* __[Vybe DEX](https://projectserum.medium.com/vybe-dex-is-live-f969f07daf82)__ - Serum 社区宣布推出 Vybe DEX，这是一个由 Serum 的中央限价订单簿和匹配引擎提供支持的数据驱动交易界面，由 Vybe Network 构建和托管。
* __[FRAKT](https://projectserum.medium.com/frakt-aims-to-build-an-nft-defi-ecosystem-for-nft-collectors-investors-and-creators-serum-28457979b45f)__ - Serum 与 FRAKT 合作，帮助其建立一个为 NFT 收藏家、投资者和创作者服务的非同质化代币 (NFT) 和去中心化金融 (DeFi) 生态系统。

## 参考资料与报告

### 参考资料

* __[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)__
* __[官方 Project Serum Discord](https://discord.com/invite/zxPsXcB)__
* __[官方 Project Twitter](https://twitter.com/projectserum)__
* __[官方 Project Serum Telegram](https://t.me/ProjectSerum)__
* __[官方 Project Serum Github](https://github.com/project-serum)__
* __[官方 Project Serum Documentation - Serum 生态系统的资源和文档](https://docs.projectserum.com/)__
* __[Solana (SOL) blockchain Documentation](https://docs.solana.com/)__
* __[FTX 衍生品交易所](https://ftx.com/en)__
* __[SRM Token Guide from Official Documentation](https://docs.projectserum.com/introduction/srm-token)__
* __[什么是以太坊？ - Ethereum.org](https://ethereum.org/en/what-is-ethereum/)__
* __[比特币：点对点电子现金系统白皮书](https://bitcoin.org/bitcoin.pdf)__
* __[Alameda Research 官方页面](https://www.alameda-research.com/)__
* __[Solana Foundation 官方页面](https://solana.org/)__
* __[去中心化金融 (DeFi) - Investopedia](https://www.investopedia.com/decentralized-finance-defi-5113835)__
* __[每秒交易数 (TPS) - 维基百科](https://en.wikipedia.org/wiki/Transactions_per_second)__
* __[Project Serum 官方页面](https://www.projectserum.com/)__
* __[什么是自动做市商 (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/)__
* __[什么是跨链？CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/glossary/cross-chain)__
* __[Sam Bankman-Fried - 维基百科](https://en.wikipedia.org/wiki/Sam_Bankman-Fried)__

### 市场研究

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

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)__


