A brief look at the data behind Serum

Quick Take

  • Serum, built on a high throughput blockchain Solana, is an orderbook-based non-custodial exchange
  • In October, Serum generated $44.6 million in volume and then $111 million in November
  • On an average day, Serum already has nearly 10 times higher volume than Binance DEX but 15 times lower than Gemini
  • Knowing that Serum burns 80% of all fees, we can deduce that Serum has generated roughly $800,000 of revenue since launching in late August

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.

A brief look at the data behind Serum written by Larry Cermak @ https://www.theblockcrypto.com/genesis/85954/a-brief-look-at-the-data-behind-serum?utm_source=rss&utm_medium=rss November 30, 2020 Larry Cermak

Comments are closed.