Serum (SRM) Looks Tempting By DailyCoin

• 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 , 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:).

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…