Thread by @GoneMultichain

“What is Serum and why is it an important part of the Solana ecosystem?” #SerumExplained
Think of Solana as the OXYGEN DeFi needed.
Think of Serum as the SPARK that has ignited an eternal flame.
🧵👇 1/6

THE PROBLEM
DEX/AMM > CEX. Because the future of crypto will be decentralized or it will not be at all.
But AMM shortcomings are aplenty: lack of advanced trading features (e.g., limit orders), high transaction fees, relatively long processing times.
2/6

SOLANA: A NEW HOPE
Solana ($SOL) is a decentralized blockchain built to enable scalable, user-friendly apps. 65,000 transactions per second and near-to-zero fees.
Think of Solana as the OXYGEN DeFi needed.
3/6

SERUM: SPARKING JOY
Serum ($SRM) is a non-custodial exchange with onchain Central Limit Order Book (CLOB) that updates every 400ms🤯 (Solana😍). Hence, Serum provides efficient, low-cost, fast, and highly-liquid trading. Ah! And better UX & customizability than AMMs, too!🥰
4/6

But hear me out. While Serum needed Solana to realize its vision, it is not less true that Solana needs Serum to succeed in bringing DeFi to the masses. This symbiotic relationship translates into a plethora of front-end UIs that offer access to Serum's trading books.🤝
5/6

In the last year we have witnessed the baby steps of an ecosystem on the making. I like to equate the present moment to the coming of age of Solana ecosystem. OXYGEN🌬️ + SPARK💥 = IGNITION🔥. Buckle your seatbelts. Explosive growth is upon us.

6/6