Serum srm

Serum is a DEX (Decentralized Exchange) software built on Solana and Ecosystem. By being deployed on Solana, Serum can fully benefit from the speed and cost-effectiveness of transactions settled on its blockchain. 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

Alameda Research, along with the FTX exchange, created Serum in 2020 and chose to build it on Solana. Sam Bankman-Fried, the founder of FTX and Serum, chose to build the decentralized exchange on Solana due to it allows faster and cheaper transactions compared to other blockchains

The main reasons to invest in Serum include:- - Serum DEX’s on-chain central limit order book and the matching engine provide liquidity and price-time-priority matching to traders and composing projects. - People can choose the price, size, and direction of their trades. - Serum offers cross-chain support, meaning that traders can trade tokens built on other platforms like Ethereum or Polkadot