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, allowing 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 tooling is for ecosystem growth,” said JHL, a contributing developer on Project Serum.
Due to the complexity 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 rely 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 thrilled to extend our indexing solutions and analytics dashboards to Serum, the liquidity infrastructure protocol for dozens of DeFi programs built on the Solana blockchain, to offer users, traders and institutional investors increased visibility into the Solana DeFi ecosystem”, stated 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.
