Review on Serum DEX by Pedro O. Alvino M.
Decentralized exchange based on the Solana chain.
A decentralized exchange built on the Solana blockchain, provides great performance in speed and low commission rates of the network, so that the Solana network is lighter than other Blockchains, this allows you to get the maximum benefit of profits for many retail operators.
Compatible with various wallets that support the Solana network, users will not have the need to give personal information to the exchange, in addition, in terms of design, it provides an interface designed for professional operators, as well as containing centralized exchange features. Like other automated markets, the platform supports rapid exchanges and the ability to add liquidity to the pools, although it is worth adding that the supported crypto assets include several exotic tokens of low popularity in the market.
The performance of the platform, where it contains a centralized exchange-based exchange and an automated market with transactions speeds with low commissions, has a high potential in the long term, so that decentralized financial services are encompassing more the market for crypto assets.
Pros
- It has a traditional exchange and automated market with high-yield pools of liquidity.
- It is developed on the Solana chain which is much lighter than Ethereum and Binance Smart Chain.
- Add various tools for the analysis of the different markets included in the platform.
- Excellent community on social networks.
- Applies various mechanisms to reduce fees through its SRM token.
- The cost of fees is extremely low compared to other DEX exchanges.
Cons
- The layout of the exchange can be very uncompressible for some beginning traders.
- The exchange still requires development.
