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Serum Releases Roadmap Version 2.0: Continued Extension to Large Capacity, Multiple Applications, and High Speed

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This article reviews the progress Serum has made over the last year, followed by new roadmap milestones.

Original source: Serum

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The road to large capacity, multiple applications and high speed - continuous extension......

Since its launch in September 2020, the Serum project has attracted a lot of attention and built a passionate and exciting ecosystem, while Its platform transaction volume has exceeded 5.5 billion US dollars.

In less than a year, Serum has achieved quite a few milestones. Serum DEX has successfully proven its strength - it is not only a decentralized exchange with high speed, low fees and intuitive interface, but also supports The main financial infrastructure of an entire ecosystem, And this ecosystem includes financial and other real-world services.

The central limit order book and matching engine on the Serum DEX chain provide liquidity for traders and corresponding projects , and order matching is performed in the order of pending orders by price. The protocol fee is used for the repurchase and destruction of Serum, adding value to SRM holders. Due to the intercombinable nature of DeFi projects, the resulting synergistic value makes Serum the preferred trading portal and financial ecology in a wider range on the Solana chain.

system; (2) a candidate on-chain ecosystem that can serve 1 billion users and 10 trillion on-chain value—this is also Serum's iconic vision.

The ultimate goal of Serum has always been the same, but the way to get there has changed. Based on feedback from users, institutional clients, and ecosystem partners who utilize Serum’s central limit order book for transactions, combinations, or indirect integration, Serum has made some adjustments, but for a young ecosystem or the blockchain itself , these changes are all natural.

The following reviews the progress made by Serum in the past year, followed by new roadmap milestones . These milestones may also change again in order to better fit the various projects of the Serum ecosystem and meet the needs of the DeFi and "real world" communities.

Achievement

Stage 1

● SRM will be launched on major trading platforms in August 2020.

● The DEX on the chain has successfully realized ultra-fast transaction processing, ultra-low handling fees and spot transactions.

● The main market makers have provided liquidity since the first day of listing.

The second stage

● Solana cross-chain bridge.

● Due to investment in sollet.io wallet and the recent Phantom wallet inspired by sollet.io wallet A lot of hard work has formed an active wallet ecosystem.

The GUI interface ecosystem has also become rich and diverse. Based on the spirit of DeFi, Serum DEX encourages all participants to combine with it and independently manage the GUI interface with specific auxiliary functions to provide users with a richer trading experience. Bonfida is one of the typical examples.

Serum Ecological Reward Program is to encourage and incubate promising projects built on Serum, or contribute to the Serum ecosystem , DEX and Serum and Solana community development contributed projects.

In order to attract and motivate more developers to create projects on Serum, The Serum project GitHub repository has set up many public resources, including:

● Anchor, the operating framework of Solana Sealevel, which provides convenient developer tools, making it easier and more convenient to create new projects on the Serum platform.

● The community has extensive needs list of project ideas (with corresponding bounties).

● A Serum Swap database for others to reference build upon.

The third stage - current Serum

Thanks to its on-chain central limit order book and matching engine, Serum has become a well-run exchange and liquidity provider in the dApp ecosystem. The current 3rd version of Serum DEX was Launched in March this year, it greatly reduces the reliance on request queues and ensures that the order book is kept up-to-date in real time.

In addition, Serum partners have released the following products in the past year:

A brand new Serum Swap project (and not an automatic market maker) . This project is an educational resource, an initial reference and guidance for those who want to create projects on Solana that can be combined with Serum DEX.

A web accessible Stake pledge project (Serum Staking), users can pledge SRM on the chain to obtain income (locked and unlocked).

● A project management for the Serum project (including the multi-signature itself) and IDL upgrade updates multisig.

● sollet.io wallet improvements. Added sollet.io Chrome extension. And a Swap (or "conversion") function has been added to the wallet, and users can directly perform token conversion on Serum DEX. Developers can also build their own Swap and get part of the handling fees from all handling fees.

Added TradingView candlestick chart to dex.projectserum.com to create a more familiar and intuitive trading experience for users .

Currently achieved data:

● The total trading volume since its inception has reached 5.51 billion US dollars

● The regular daily trading volume has reached 100 million US dollars

< p line="rtXC">● As of June, Serum V3 has 969 trading pairs

● The depth of Serum’s order book surpasses that of Binance and Huobi

Next step

The Ultimate Vision for Serum has never changed: We want to Establish an industry infrastructure that can support billions of users and trillions of dollars in funds to prepare for the popularization and application of DeFi. There is still a long way to go, but for many of the reasons already stated, you might agree: Serum remains the top contender to achieve this ecosystem's grand vision.

So what do we need to do about it? Over the past year, we have been blown away by how far the Solana and Serum communities have grown and what they have achieved; going forward, we will double down on empowering projects and teams in the Serum ecosystem to help them grow as best they can.

In many industries, it seems like a flashy bluff that all players work together to advance the industry . But in our business, it couldn't be more true. Projects benefit from sharing liquidity based on a central limit order book, building and combining on a shared program, and developing decentralized services that we think future projects may need (and some that we haven't thought of yet) A lot.

To this end, we are working with other ecosystem players to roll out DEX upgrades, introducing new Financial infrastructure, and lower the threshold for starting and running new projects on Serum.

Upgrades include the following:

Serum DEX direct upgrade:

● Options with lower handling fees; for example, for the stablecoin-to-stablecoin trading market, combine the pair construction into The team of the stable currency conversion agreement on Serum is open

● Permissioned trading market: you can set restrictions on which accounts can participate in which trading pairs

● Automatic settlement using relevant token accounts