Introduction

Serum is a decentralized exchange(DEX) that brings fast and low transaction costs to DeFi. It is permissionless and is built on Solana

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Method

1. For SRM token price, I used ethereum.core.fact_hourly_token_prices table with token contract AS

   0x476c5e26a75bd202a9683ffd34359c0cc15be0ff

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2. for finding Serum active users’ data, I used solana.core.fact_transactions table With contract AS and token contract AS ‘9xQeWvG816bUx9EPjHmaT23yvVM2ZWbrrpZb9PusVFin’, each user had contact with this contract I considered it as active user. Also, I Calculated count of transaction, transactions Fee and succeeded/failed transactions from this table and with this contract address.

   Serum DEX V3 contract : 9xQeWvG816bUx9EPjHmaT23yvVM2ZWbrrpZb9PusVFin

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3. I did found the pairs contract address with help of solscan then categorized each transaction base on their contact with these pairs addresses then with use of solana.core.fact_transactions table I calculated the count of transactions that belong to each pair

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Questions

1. how is the "health" state of the protocol?

SRM Price Action

Active User

Information:

1. there is continuing decrease in daily active user

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2. in the last 35 days the ATH of active users was 9121 user on Jun 13, 2022

Transaction stats

Information:

1. in the last 35 days, most of the time daily Transaction count was in range between 2.6M and 3.68 TX

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2. the ATH of this data is 6.01M TX on Jun 19, 2022

FEE stats

Information:

1. the ATH of this data is 30.06 SOL on Jun 19, 2022

Transaction stats

Top pairs

Conclusion

1. there was continues decrease in all the metrics, but the numbers were still high
2. the failed TX were decreasing in the last days and that show the healthy network that the platform provide
3. in the last 35 days, most of the time daily Transaction count was in range between 2.6M and 3.68 TX
4. in the last 35 days the ATH of active users was 9121 user on Jun 13, 2022

Information:

SOL_USDC, BTC_USDC and ETH_USDC are the most popular trading pairs on serum DEX base on count of transactions

Information:

1. on Jun 19, 2022 due to high count of transactions, the failed TX increased to 1.487M TX
2. in overall, the failed TX number decreased continually after Jun 19, 2022