Serum

About Serum

Serum (SRM) is a decentralized exchange protocol built on the Solana blockchain. It stands out by featuring a fully on-chain central limit order book, enabling the kind of trading efficiency typically associated with centralized exchanges while remaining entirely permissionless and non-custodial. Serum processes transactions at high speed and low cost, thanks to Solana's underlying architecture. It serves as a foundational layer for the broader Solana DeFi ecosystem, allowing other protocols and applications to integrate its liquidity and order book infrastructure directly into their own platforms.