Solana’s Ecosystem Expands to New Heights

Written By Guest User

  • Decentralized finance software firm Aleph.im has announced the release of Serum Markets, a DeFi analytical platform that can be used to view data about the growing DeFi ecosystem on the Solana blockchain.

  • There are more than 15 DeFi projects that have opted to integrate with Serum, including lending protocols, decentralized exchanges, and more. Information such as trading analytics, total value locked (TVL), active users, and open orders will now be available for users to explore.

  • Aleph.im released a statement saying “until now, trading data from Serum’s ecosystem has been noticeably difficult to consolidate.” While the software firm was already used for certain DeFi products on Solana such as Raydium, there is now a greater network of projects operating on the same analytical platforms which will only promote ease of use and stronger cross reference capabilities.

  • The Serum protocol operates as a decentralized exchange, but uses governance tokens and cross-chain asset swaps to provide interoperability with the Ethereum blockchain. It currently is the second highest protocol in terms of TVL with over $1.7 billion locked.

Guest User
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