Serum Price

Serum is a novel decentralized exchange designed to overcome the shortcomings of traditional DeFi trading platforms. Launched in August 2020, Serum seeks to create a more efficient trading environment by providing high-speed, low-cost transactions and adopting a central limit order book (CLOB) model. This innovative approach stands in contrast to many automated market maker (AMM)-based DEXs, which typically limit user control over trading parameters.

Serum's primary goal is to eliminate issues such as high transaction fees and slow processing times experienced on other platforms. Built on the highly performant Solana blockchain, Serum boasts an impressive ability to facilitate transaction speeds of up to 710,000 transactions per second, thus making it a more capable alternative in the world of DeFi.