Serum Newsletter #32

Serum released Newsletter #32 that covers a number of exciting, milestone events in the ecosystem and some nifty updates on some of favourite Serum-related projects.

🔹Burns and Staking Rewards

Project Serum has surpassed $5.14B in trading volume since inception.

This week, 66,547.85 SRM was burned and 16,634 SRM was dropped onto stakers — This is $266k worth at current prices.

🔹SOL is Finally Live on Serum Swap ! 

You asked, and we listened! You can now exchange SOL for any SPL tokens directly using Serum Swap.

🔹The Hackathon Winners  have been Announced

Beyond engaging with talented builders worldwide, the hackathon allowed the Solana Foundation to improve essential documentation, tooling, and other educational resources to better serve all developers integrating with Solana.

A huge congratulations to all the epic winners, as well as to all participants! So many incredible and innovative projects have come out of this intense Hackathon. Solana is a truly thriving ecosystem .

🔹ZetaMarkets Grand Prize Winner

They want to congratulate @ZetaMarkets for being the Grand Prize Winner of the Solana Hacktahon! They have demonstrated great execution and showcased a strong product. They look forward to watching their development!

🔹Solana Podcast with Orca founders

Yutaro Mori & Grace Kwan, the Co-Founders of Orca, a user-friendly cryptocurrency exchange built on Solana, had a chat with Solana co-founder Anatoly Yakovenko about Orca, its vision, DeFi and upcoming developments.

🔹Virtu Financial to partner with Pyth Network

Virtu Financial to publish market data across equities, FX, futures and crypto on the Pyth Network for sophisticated asset pricing and consumption by smart contract. Virtu is one more new addition to Pyth’s lineup of institutional data publishers, along with GTS and LMAX.

🔹Who’s Building on Serum ? 

This list is not exhaustive but hopefully illustrates some of the exciting projects building within the Serum ecosystem!

@ProjectSerum, yours truly, to provide plug-in orderbook matching and liquidity to devs to compose and seed their DApps

@phantom wallet to interact with the ecosystem

@WormholeOracle for bridging SPL with ETH and Terra

@RaydiumProtocol for swaps and liquidity pools

@mangomarkets for decentralized leveraged trading and borrow-lending infra

@MAPS_ME for integrating millions of users into DeFi ecosystem

@Oxygen_protocol for an on-chain prime brokerage

@staratlas powering an MMO game economy on the markets.

@aurory powering an in-game economy for multiple game modes

@OpenEra bridging an in-game money market with off-game markets

@PsyOptions launching a vanilla options protocol.

@bonfida providing a beautiful GUI interface and automated trading

@JetProtocol for permissionless borrow-lending

@COPE for trading leaderboard creation to power an index and automated investment product

@Media Network for a privacy-first and community-governed content delivery network

@PythNetwork Pyth is designed to bring real-world data on-chain on a sub-second timescale.

@Solrise as a decentralized fund management and investment protocol

@SolendProtocol decentralized protocol for lending and borrowing on Solana.

@ZetaMarkets the premier under-collateralized DeFi options platform built on Solana

@MoetFi capital-efficient derivatives exchange built on Solana.

Foresight Markets prediction markets with ample exit liquidity and opportunities to earn spreads for MM’s

Mercurial Finance DeFi’s first dynamic vaults for stable assets on Solana

Symmetry Decentralized index protocol for easy diversification and passive earnings

And so many more!

What is Serum?

Serum is a decentralized exchange (DEX) and ecosystem built on Solana that brings unprecedented speed and low transaction costs to decentralized finance.

📰 INFO:

https://projectserum.medium.com/serum-newsletter-32-6aa5a030a58f