We take a closer dive into the Serum DEX CLOB and its crucial role in our ecosystem, before identifying a number of exciting and promising projects building on Serum.
TL;DR: Serum DEX is the core infrastructure powering financial and other major projects on the Solana ecosystem. Protocols with trading-related features benefit from being able to use Serum DEX’s central limit order book (CLOB) for trading, data, pricing, and risk management. One can build a myriad of sophisticated financial services on top of the DEX and all composing with each other to deliver synergistic value. Nevertheless, the entire ecosystem bottoms out at Serum DEX, which collects DEX fees that go to $SRM buy and burn. We identify a number of exciting and promising projects in the Serum ecosystem to illustrate our point.