Serum is a new token that will power the Solana platform. Launched with an exchange and analytics engine, Serum markets allows users to track their own trades in real time. The idea behind this tool is to make it easier for developers to build on top of the blockchain, though it’s not limited exclusively to them.
The “cardano analysis” is a cryptocurrency that has been designed to be scalable and interoperable. It is the first blockchain in the world to launch with a working product, and it is also one of the most popular cryptocurrencies right now.
Serum Markets, a protocol supplying the underlying liquidity infrastructure to dApps built on Solana’s fast and censorship-resistant blockchain, was launched today by Aleph.im, a cross-blockchain computing network and decentralized indexing provider.
The addition of Serum Markets to Project Serum’s ecosystem would greatly benefit it, enabling Serum to better evaluate the massive stream of data and cash from their numerous end-users and giving investors more insight into one of the major participants in the Solana DeFi ecosystem. Using aleph.im’s technology, projects will be able to link to Project Serum’s data in the future, enriching the Solana DeFi analytics landscape.
Serum is a Solana-based liquidity infrastructure ecosystem with a completely on-chain central limit order book that provides matching services and shared liquidity to traders and composing projects.
Serum’s total value locked (TVL) is $2.42 billion at the time of writing, making it one of the most valuable DeFi protocols on Solana.
Until recently, consolidating data from Serum’s ecosystem has been a significant challenge. Users will be able to access historical DeFi trading data such as TVL, trading history (OHLCV), the daily number of active users, and specific statistics on the makers and takers (PNL, open orders, fees/rebates) through Aleph.im’s indexing solution for increased visibility and insights that can help them make better trades. Additional searchable data on individual market locations, open orders accounts, and owner addresses will be available.
“We’re looking forward to working with aleph.im on their Serum analytics and indexing solutions.” “It’s difficult to emphasize how critical this type of tools is for ecosystem development,” said JHL, a contributing developer on Project Serum.
Serum for Solana Analytics Integration
Due to the difficulty of indexing on Solana, which needs significant expenses for physical hardware, unfeasibly fast internet connections, and CPU power, Aleph.im provides a solution for projects that now have to depend on centralized indexing solutions or no indexing at all.
Raydium, Saber, and Orca are just a few of the DeFi protocols on Solana that have already profited from aleph.im’s decentralized indexing solutions.
“We’re excited to extend our indexing solutions and analytics dashboards to Serum, the liquidity infrastructure protocol for dozens of DeFi programs built on the Solana blockchain, in order to provide users, traders, and institutional investors with increased visibility into the Solana DeFi ecosystem,” said Jonathan Schemoul, founder of aleph.im.
Anyone may utilize Aleph.im’s open API and GraphQL to fill the latest Serum transactions into their DApps or research projects.
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Posted in: Trading, Technology
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The “solana nft analysis” is a new project that helps you to see your market analytics on the Solana blockchain. The project has been created by Serum Markets and it is currently in its beta phase.
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