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Serum (SRM) Looks Tempting

Serum creates an ecosystem to easily transition from CEX (centralized exchange) to DEX (decentralized exchange) Solana’s growth induced a network effect for afferent...
Serum (SRM) Looks Tempting Serum (SRM) Looks Tempting

  • Serum creates an ecosystem to easily transition from CEX (centralized exchange) to DEX (decentralized exchange)
  • Solana’s growth induced a network effect for afferent ecosystem developments, including Serum
  • Seamless user interface and usability make $SRM an easily adapted interface for decentralized exchange protocols
  • Since the slight September 8th market correction, $SRM gained more than 45%

The hype surrounding DeFi has dimmed as the crypto industry focuses on NFTs. Yet, DeFi protocols continue to innovate to accommodate new types of DEX consumers.

Investor protection is essential, and protocols need to reformulate the CEX experience to develop a locale for DeFi to thrive.

Serum, the permissionless DEX ecosystem built on Solana, is progressing its decentralized proposition while outperforming blockchain standards.

In-depth DEX Order Book

Serum is rightfully shifting the momentum in the DeFi sector. Existing protocols such as Uniswap, Pancake Swap, or other blockchain-dependent DEXs only provide the minimum solution. Serum builds an inclusive DeFi ecosystem to streamline DEX and DeFi adoption.

Although Solana’s TVL of $8.7 billion is only 10% of the TVL of Ethereum, Serum is altering the structural behaviors of DeFi markets and protocols.

Serum offers users the possibility to create dynamic and interactive DEXs, working as a functional layer for the growth of the DeFi sector on Solana. While low costs and transaction speeds are paramount growth factors for the general DeFi sector, Serum suggests a new dynamic, where users can create DEXs that perform similar actions as CEXs.

The non-custodial exchange’s value in the grand scheme of blockchain things is to facilitate a transition to decentralized finance. Serum’s in-depth order book is used across many DeFi outputs, including borrowing-lending, swaps, NFTs, social media networks, and even games such as Star Atlas (NYSE:ATCO).

The Bullish Indicator

Solana’s expansion as a viable contender to Etheruem created a network effect, influencing the community’s focus. As a catalyzing factor, Crypto trader KALEO illustrated Serum’s current price is below undervalued and “way too cheap,” given its extensive use cases. Zhi Ko, the co-founder of Solstarter, reiterated a similar view, declaring: “$FTT & $SRM are undervalued.”

Solana technologically backs Serum, and lower transaction fees and immutable transactions influence price actions on Solana, which reciprocally coact to Serum. Zhu Su, CEO of 3AC, showed a parallel between Ethereum and Solana. He emphasizes there is a similarity between Ethereum in 2017 and Solana in 2021.

As Solana is beginning a mild flippening process, adjacent ecosystems built on it can use the positive PR as an industry-boosting mechanism. Wormhole, Solana’s bi-directional bridge, between SOL-ETH adds additional value to Serum. Thus, Serum supports cross-chain trading, making transactions safer and cheaper than utilizing custodial exchange.

At the time of writing, SRM’s price is $10.30, as it continues to trade around the $10 mark after reaching $12.1 on September 9th.

On The Flipside

  • Solana’s TVL and DeFi interaction is nowhere close to the TVL on Ethereum
  • Etheruem still holds market dominance, and ETH-based protocols can implement a similar solution to Serum’s

Expanding Beyond the Norm

Low transaction latency, familiar UI, and a growth mechanism together constitute an expandable product. Adding an order book function to a DeFi project innovates decentralized trading processes as it builds the common ground for financial interaction.

With more financial services such as 01 Protocol, Star Atlas, and Cyclos built to interact with Serum, DeFi on Solana creates a well-known standard, attracting more users to consider Serum a viable ecosystem. Moreover, every new project adds additional value to Serum as it helps increase the network liquidity.

While Serum offers CEX-like functions, it is still a decentralized, immutable ecosystem, which relies on smart contracts to conduct financial interactions on-chain between buyers and sellers.

Why You Should Care?

2020’s DeFi summer did not fade. Instead, users transferred their funds to other speculative blockchain products like NFTs, which to a certain extent are also financial assets, in a less liquid market. However, development and innovations on DeFi protocols and DEXs continue, and projects that add a new dynamic to the field will thrive.

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27-09-2021 20:00:25 (UTC+7)

EUR/USD

1.1705

-0.0009 (-0.08%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (3)

EUR/USD

1.1705

-0.0009 (-0.08%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (3)

GBP/USD

1.3705

+0.0023 (+0.17%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (1)

Sell (9)

USD/JPY

110.88

+0.15 (+0.14%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

AUD/USD

0.7264

+0.0006 (+0.08%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.2662

+0.0010 (+0.08%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

EUR/JPY

129.78

+0.08 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (1)

EUR/CHF

1.0850

+0.0027 (+0.25%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (6)

Gold Futures

1,753.75

+2.05 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Silver Futures

22.648

+0.223 (+0.99%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (4)

Copper Futures

4.2730

-0.0125 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (2)

Crude Oil WTI Futures

75.31

+1.33 (+1.80%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (10)

Brent Oil Futures

78.54

+1.31 (+1.70%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (11)

Natural Gas Futures

5.516

+0.316 (+6.08%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

US Coffee C Futures

194.05

-0.30 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Euro Stoxx 50

4,162.45

+3.94 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

S&P 500

4,455.48

+6.50 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

DAX

15,560.65

+28.90 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,046.75

-4.73 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,253.88

-5.16 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (11)

IBEX 35

8,981.50

+108.40 (+1.22%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (8)

BASF SE NA O.N.

64.435

+0.735 (+1.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Bayer AG NA

47.20

+0.72 (+1.55%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

Allianz SE VNA O.N.

195.17

+2.83 (+1.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Adidas AG

278.82

-2.75 (-0.98%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (3)

Deutsche Lufthansa AG

6.461

+0.228 (+3.66%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

Siemens AG Class N

146.48

-1.63 (-1.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Deutsche Bank AG

10.970

+0.135 (+1.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

 EUR/USD1.1705Neutral
 GBP/USD1.3705Neutral
 USD/JPY110.88Buy
 AUD/USD0.7264Neutral
 USD/CAD1.2662↑ Sell
 EUR/JPY129.78↑ Buy
 EUR/CHF1.0850↑ Sell
 Gold1,753.75↑ Buy
 Silver22.648Buy
 Copper4.2730↑ Buy
 Crude Oil WTI75.31↑ Sell
 Brent Oil78.54↑ Sell
 Natural Gas5.516Buy
 US Coffee C194.05↑ Buy
 Euro Stoxx 504,162.45↑ Sell
 S&P 5004,455.48↑ Sell
 DAX15,560.65↑ Sell
 FTSE 1007,046.75↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,253.88↑ Sell
 IBEX 358,981.50Neutral
 BASF64.435↑ Sell
 Bayer47.20↑ Sell
 Allianz195.17↑ Sell
 Adidas278.82Sell
 Lufthansa6.461↑ Sell
 Siemens AG146.48↑ Sell
 Deutsche Bank AG10.970↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(5,665/ 5,715) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 27-09-2021 20:00:27
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,753.51+4.010.23%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.33-1.34-1.78%
Brent$79.42-1.37-1.72%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
Xem bảng tỷ giá hối đoái
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