What Is Serum?

Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). (DeFi).

Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.

In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.

The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants. you can read more here

What Is Order Book?

Open Book is a community-led fork of the Serum V3 program. The CLOB formerly known as Serum V3.

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Key Insights

• Defi on Solana has experienced the highest number of daily transactions on 7 Nov with about 8.14M transactions while the lowest number of transactions was on 19 Nov with about 39.3K transactions.
• in terms of users, the highest number of defi daily users was on 9 Nov with about 29K users while the lowest number of users was on 20 Nov with about 7.8K users.
• in terms of daily defi transactions per platform, Serum has the highest number of daily defi transactions and the highest transactions was on 5.8M transactions.
• in terms of daily defi users, Jupiter has the highest number of users per day while Serum has the highest number of transactions but Jupiter has the highest number of new users. it seems new users tend to swap on Jupiter rather than Serum.
• on 24 and 27 October Solana has experienced the highest number of average transactions per user with abut 610.
• Totally, Defi on Solana has experienced about 106.5M transactions. moreover, Defi on Solana has experienced about 388.2K Users.
• since November this User (CoGhjFdyqzMFr5xVgznuBjULvoFbFtNN4bCdQzRArNK2) has the highest number of transactions on Solana Defi with about 4.3M transactions. also, this user has about 11% ratio of all defi transactions.
• Since November, Serum has the highest number of transactions per Platform with about 37.8M transactions and after it, Zeta with 9.3M transactions has second place. furthermore, Step Finance, Saros and Lido have the lowest number of transactions. also Serum has the highest ratio with about 74% and Zeta has 18.5% ratio of all transactions.
• in terms of defi users, Jupiter has the highest number of users with about 103K users since November and after it Serum has second place with about 28.3K. moreover, Jupiter has about 66% ratio of all users and Serum has about 18% ratio.
• in terms of Average transactions per user, Zeta has the highest number of it with about 14.6K.
• in terms of effect of FTX crash on Defi on Solana, Number of Defi transactions after FTX crash has experienced downward trend after FTX crash. but instead of number of transactions, number of users has experienced upward trend after FTX crash. but average number of transactions per user decreased after FTX crash.
• in terms of number of transactions before and after FTX crash, Serum has the highest number of transactions before it with about 63.5M while serum only has about 4.3M transactions after FTX crash.
• in terms of number of users before and after FTX crash, Jupiter has the highest number of Users before it with about 65K while Jupiter only has about 13.4K transactions after FTX crash.
• in terms of top platform since November, Serum was the most popular platform before ftx crash and after it while zeta is second popular platform with the highest number of transactions.
• in terms of top platform since November, Jupiter was the most popular platform before ftx crash in terms of number of users while Serum is second popular platform with the highest number of transactions.
• Totally defi Platform on Solana has experienced about 78.5M transactions before FTX crash while these platforms has experienced about 5.8M transactions after FTX crash.
• Totally defi Platform on Solana has experienced about 91.6K Users before FTX crash while these platforms has experienced about 23K users after FTX crash.
• the highest number of daily stake and unstake transactions was on 10 Nov with about 11K tansactions. also, the highest number of users was on this day.
• on 10 Nov, the highest daily unstake volume was on this day with about 8.4M.
• Solana has experienced about 38.4K as total unstake transactions.
• Solana has experienced about 41.2K as total stake transactions.
• Solana has experienced about 16.5K as total unstake users.
• Solana has experienced about 24.7K as total stake users.
• Solana has experienced about 20.2M as total unstake Volume.
• Solana has experienced about 5.1M as total stake Volume.
• Solana had 19.1K stake transactions 2 weeks before FTX crash.
• Solana had 11.5K unstake transactions 2 weeks before FTX crash.
• Solana had 11.9K stake users 2 weeks before FTX crash.
• Solana had 6K unstake users 2 weeks before FTX crash.
• Solana had 2.8M stake Volume 2 weeks before FTX crash.
• Solana had 4.5M unstake Volume 2 weeks before FTX crash.
• Since November Marinade Pool has the highest number of stake transactions on Solana. but in terms of stake Volume, Lido has the highest stake volume.
• Since November Marinade has about 2.4K stake transactions, Lido has 1.8K. in terms of stakers, Lido has the highest number of stakers with about 1K and after it Marinade has second place. in addition Lido has the highest stake volume in November.
• in terms of cumulative stake transactions in November, Solana has about 5.1K stake transactions in different pools and about 2.5K users. furthermore, about 1.05M staked in Solana pools since November.
• This User UefNb6z6yvArqe4cJHTXCqStRsKmWhGxnZzuHbikP5Q has the highest number of stake transactions since November.
• This user 4kZpLb5xKHvn7Hv5kuxwUZ3GW9yWSftp4fJCfJmrzGRC has the highest stake volume since November with about 400K.