What is Serum?

Serum is a decentralized exchange software built on Solana where cryptocurrencies can be bought and sold by traders.

Solana is a blockchain platform that aims to increase user scalability through faster transaction settlement times. By being deployed on Solana, Serum can fully benefit from the speed and cost effectiveness of transactions settled on its blockchain.

Central to Serum’s design is a decentralized orderbook run by smart contracts that aims to mirror traditional exchanges by matching buyers and sellers. This gives participants flexibility with pricing and order sizes when they submit orders to Serum, giving them full control over their trading.

Serum’s utility token, SRM, enables holders to receive up to a 50 percent discount on their trade fees and stakers to vote and participate in the platform’s governance mechanism.

How Does Serum Work?

Serum’s network and design is meant to facilitate transactions in a way that feels similar to that of traditional exchanges.

By being integrated within the Solana network, Serum benefits from the speed and cost effectiveness of transactions, and allows for them to be settled on its blockchain.

Openbook

One of the aftereffects of the FTX meltdown for Solana was the need to fork (replace) Serum, the OG order book on Solana due to key control risk.

The Solana defi community worked together to create OpenBook.

Introduction

Methodology

from solana.core.fact_events 
from flipside_prod_db.crosschain.address_labels
from solana.core.fact_transfers
from solana.core.dim_labels

where program_id = 'srmqPvymJeFKQ4zGQed1GFppgkRHL9kaELCbyksJtPX'
and label_type in ('defi','dex')
and label ilike '%serum%')

Open Book

Total User

• The total number of Open Book users was 54.
• The highest number of Open book user was 25 on November 17th.
• In the second place, The highest number of Open book user was 16 on November 15th and November 19th.
• The lowest number of Open book user was 6 on November 22nd.

Total Transaction

• The total number of Open Book transaction was about 1.99M.
• The total number of transaction, increased significantly on November 15th.
• The highest number of Open book transaction was 392K on November 15th.
• In the second place, The highest number of Open book transaction was about 372.6K on November 21st.
• The lowest number of Open book transaction was 216 on November 13th.

Total Solana Amount

• The total Solana amount was about 143,5M.
• The total Solana amount increased significantly on November 15th and November 21st.
• The total Solana Amount has decreasing trend from November 15th till November 18th.
• The most Solana amount was about 35.9M on November 15th.
• In the second place, The most Solana amount was about 33.18M on November 21st
• The least Solana Amount was 1217 on November 13th.

Serum

Total User

• The total number of Serum users was 3480.
• The highest number of Serum user was 435 on November 9th.
• In the second place, The highest number of Serum user was 333 on November 10th.
• The lowest number of Serum user was 126 on November 16th.

As the Data of November 22th is not completed, i have ignored this day

Total Solana Amount

• The total Solana amount was about 623M.
• The most Solana amount was about 91.4M on November 2nd.
• In the second place, The most Solana amount was about 89.5M on November 5th
• The total Solana amount after November 12th Was so low, so I ignored them.

Total Transaction

• The total number of Serum transaction was about 15.35M.
• The highest number of Serum transaction was 1.84M on November 7th.
• In the second place, The highest number of Serum transaction was about 1.65M on November 6th.
• The total number of Serum transaction decreased after November 12th Was so low, so I ignored them.

CEX To Solana

Total Transaction

• The total number of transaction before FTX was about 49.7K and consisted of 41.3%.
• The total number of transaction after FTX was about 70.7K and consisted of 58.7%.
• The highest number of transaction before FTX was 9317 On November 5th.
• The lowest number of transaction before FTX was 5220 On November 1st.
• The highest number of transaction after FTX was 11.89K On November 9th.
• The lowest number of transaction after FTX was 2217 On November 19th.

As the Data of November 22th is not completed, i have ignored this day

Total User

• The total number of user before FTX was 527 and consisted of 42%.

• The total number of user after FTX was 729 and consisted of 58%.

• The highest number of user before FTX was 94 On November 7th.

• The lowest number of user before FTX was 68 On November 2nd.

• The highest number of user after FTX was 90 On November 8th.

• The lowest number of user after FTX was 35 On November 19th.

As the Data of November 22th is not completed, i have ignored this day

Solana To CEX

Total Transaction

• The total number of transaction before FTX was about 21.7K and consisted of 46.1%.

• The total number of transaction after FTX was about 25.4K and consisted of 53.9%.

• The highest number of transaction before FTX was 6135 On November 7th.

• The lowest number of transaction before FTX was 2076 On November 1st.

• The highest number of transaction after FTX was 5030 On November 8th.

• The lowest number of transaction after FTX was 698 On November 19th.

As the Data of November 22th is not completed, i have ignored this day

Total User

• The total number of user before FTX was 9949 and consisted of 51%.

• The total number of user after FTX was 9557 and consisted of 49%.

• The highest number of user before FTX was 3245 On November 7th.

• The lowest number of user before FTX was 976 On November 5th.

• The highest number of user after FTX was 2169 On November 8th.

• The lowest number of user after FTX was 456 On November 12th.

As the Data of November 22th is not completed, i have ignored this day

FTX crash

FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTX's native token, FTT, plummeted last week, taking other coins down with it including Ethereum and Bitcoin, which reached a two-year low as of Nov. 9.

What is going on with FTX?

FTX filed for bankruptcy on Nov. 11, 2022, after a surge of customer withdrawals earlier in the month. CEO Sam Bankman-Fried admitted that the company did not have sufficient assets in reserve to meet customer demand.

Total Stake

Total User

• The total number of user that deposited their token before FTX was 814 and consisted of 30.1%.
• The total number of user that deposited their token after FTX was 1886 and consisted of 66.9%.
• The highest number of staker before FTX was 157 on November 5th.
• The lowest number of staker before FTX was 93 on November 2nd.
• The highest number of staker after FTX was 235 on November 8th.
• The lowest number of staker after FTX was 74 on November 20th.

Total Transaction

• The total number of deposit transaction before FTX was about 1358 and consisted of 26.5%.
• The total number of deposit transaction after FTX was about 3759 and consisted of 73.5%.
• The highest number of deposit before FTX was 245 on November 7th.
• The lowest number of deposit before FTX was 180 on November 2nd.
• The highest number of deposit after FTX was 544 on November 21st.
• The lowest number of deposit after FTX was 90 on November 20th.

Total Solana Amount

• The total deposited Solana amount before FTX was 209.7K and consisted of 32%.
• The total deposited Solana amount after FTX was 446.4K and consisted of 68%.
• The most staked Solana amount before FTX was about 39.19K on November 3rd.
• The least staked Solana amount before FTX was about 24K on November 5th.
• The most staked Solana amount after FTX was about 77.2K on November 8th.
• The least staked Solana amount after FTX was about 5.2K on November 20th.

As the Data of November 22th is not completed, i have ignored this day

Total Unstake

Total Transaction

• The total number of withdraw transaction before FTX was about 180 and consisted of 7.07%.

• The total number of withdraw transaction after FTX was about 2365 and consisted of 92.9%.

• The highest number of withdraw before FTX was 40 on November 5th.

• The lowest number of withdraw before FTX was 15 on November 2nd.

• The highest number of withdraw after FTX was 762 on November 10th.

• The lowest number of withdraw after FTX was 19 on November 19th and November 20th.

Total Solana Amount

• The total withdrawal Solana amount before FTX was 135.8K and consisted of 5.1%.

• The total withdrawal Solana amount after FTX was 2.5M and consisted of 94.9%.

• The most unstaked Solana amount before FTX was about 64K on November 5th.

• The least unstaked Solana amount before FTX was about 297 on November 2nd.

• The most unstaked Solana amount after FTX was about 932K on November 10th.

• The least unstaked Solana amount after FTX was about 1.4K on November 16th.

As the Data of November 22th is not completed, i have ignored this day

Total User

• The total number of user that withdraw their token before FTX was 106 and consisted of 7.82%.

• The total number of user that withdraw their token after FTX was 1249 and consisted of 92.2%.

• The highest number of unstaker before FTX was 26 on November 5th.

• The lowest number of unstaker before FTX was 8 on November 2nd.

• The highest number of unstaker after FTX was 328 on November 10th.

• The lowest number of unstaker after FTX was 9 on November 19th.

Per platform

Sources

These codes was written with help Masi. :)

Twitter : hadi3_bgh

Discord : hadiseb#1688

Total User

• In the first place,Most user was related to Jupiter and consisted of 60.2%.
• After that, Most user was related to Orca and consisted of 13.3%.
• In the last place,least user was related to Mango Market and consisted of only 0.07%.
• The highest number of Jupiter user was, 7555 on November 9th.
• The lowest number of Jupiter user was, 1826 on November 3rd.
• The highest number of Orca user was, 1879 on November 8th.
• The lowest number of Orca user was, 368 on November 13th.

Total Transaction

• In the first place,Most transaction was related to Serum and consisted of 84.4%.
• After that, Most transaction was related to Orca and consisted of 11.1%.
• In the last place,least transaction was related to Marinade Finance and consisted of only 0.03%.
• The highest number of Serum transaction was, 390K on November 12th.
• The lowest number of Serum transaction was, 961 on November 19th.
• The highest number of Open Book transaction was, 392K on November 15th.
• The lowest number of Open Book transaction user was, 216 on November 13th.

Total Solana Amount

• In the first place,Most Solana amount was related to Serum and consisted of 81.9%.
• After that, Most Solana amount was related to Raydium and consisted of 7.64%.
• In the last place,least Solana amount was related to Aldrin Finance and consisted of only 0.06%.
• The most Solana amount of Serum was, 88.5M on November 5th.
• The least Solana amount of Serum was, 403.7 on November 21st.
• The most Solana amount of Raydium was, 33.2M on November 9th.
• The least Solana amount of Raydium was, 38.3 on November 18th.

Total USD Volume

• In the first place,Most USD volume was related to Serum and consisted of 67.7%.
• After that, Most USD volume was related to Open Book and consisted of 14.1%.
• In the last place,least transaction was related to Mercurial and consisted of only 0.02%.
• The most USD volume of Serum was, 2.36M on November 2nd.
• The least USD volume of Serum was, 26.1 on November 19th.
• The most USD volume of Open Book was, 731.2K on November 21st.
• The least USD volume of Open Book was, 35 on November 13th.