Read on Twitter
1/ Serum is built on Solana, which is a Layer 1 blockchain with fees as cheap as $0.00001, and tps of 65k at the peak. I have heard about how 65k is not the max, could go further but can't confirm. Nevertheless, this will increase as time goes by (as seen in pic)
2/ If you have never used Serum dex before, I highly encourage you to try it and you will be surprised at how fast and cheap it is to make a trade/transaction.
Favorite for now is @bonfida's UI.
Wallet of choice: Sollet or Solong
https://bonfida.com/serum
Favorite for now is @bonfida's UI.
Wallet of choice: Sollet or Solong
https://bonfida.com/serum
3a/ Serum right now has a Mcap of $150M, but numbers on FDV and TVL seems to be a bit misleading in terms of evaluating it.
(Super high FDV/TVL ratio)
(Super high FDV/TVL ratio)
3b/ This is due to max supply of 10B tokens, but only 50m of $SRM is circulating right now. Also, growth of the Serum ecosystem is only getting started hence the low TVL of $15m.
Also, I think majority of the 10B tokens might be burnt in future (just speculating)
Also, I think majority of the 10B tokens might be burnt in future (just speculating)
3c/ So the Solana x Serum Hackathon happens on the 15 Feb, which has already attracted a lot of devs/builders to experiment on Serum.
This hackathon is also supported by the chaddest of projects in the space (e.g. AAVE, SUSHI, LINK), and 5000 IQ credible speakers in crypto.
This hackathon is also supported by the chaddest of projects in the space (e.g. AAVE, SUSHI, LINK), and 5000 IQ credible speakers in crypto.
3d/ I expect to see an increase in TVL in the coming weeks/months as more projects adopt into the Serum ecosystem.
4/ http://Maps.me integration within the Serum ecosystem
http://Maps.me has 140M+ downloads globally, 60M+ yearly active users, and is integrating a wallet that can earn yield and couple of other cool stuff. https://maps.me/wallet/
http://Maps.me has 140M+ downloads globally, 60M+ yearly active users, and is integrating a wallet that can earn yield and couple of other cool stuff. https://maps.me/wallet/
4b/ As we all know, interests rates in Europe remains close to 0%, and majority of users of http://Maps.me are Europeans. With http://Maps.me , users can earn up to 8% yields so why would they leave it in the bank?
4c/ Lets take that 50M users wants to seek yield and puts $100 in their wallet on http://Maps.me , that's instantly $5B of TVL. AAVE has $5.3B TVL as of now.
Of course you can't compare the two since they serve different purposes but you get my gist.
Of course you can't compare the two since they serve different purposes but you get my gist.
4d/ Imagine investing $100 to buy a shitcoin on Uniswap.... You'd be left with half of that and can't sell because you dont have enough to pay for gas.
5/ @RealHxro Integration into Serum/ Solana
https://twitter.com/RealHxro/status/1357374329399476236?s=20
Don't think I need to say more about this one. We are seeing the growth of DeFi options platform at a rapid pace.
https://twitter.com/RealHxro/status/1357374329399476236?s=20
Don't think I need to say more about this one. We are seeing the growth of DeFi options platform at a rapid pace.
6/ Wormhole bridge live on Mainnet Beta https://twitter.com/solana/status/1357539833980153859?s=20
7/ I will never bet against @SBF_Alameda, the person who turned $SUSHI around and is now arguably the best and most innovative of the AMMs.
For now, I think I have said enough. I am excited to see how big Serum & Solana can grow.
For now, I think I have said enough. I am excited to see how big Serum & Solana can grow.
7b/ Top 50 in Mcap by 2021? Don't see why not.
If anyone wants to share more or discuss about Serum, please let me know. I want to learn more too! :)
If anyone wants to share more or discuss about Serum, please let me know. I want to learn more too! :)
