{"id":60686,"date":"2025-12-31T18:00:27","date_gmt":"2025-12-31T15:00:27","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=60686"},"modified":"2025-12-31T15:46:04","modified_gmt":"2025-12-31T12:46:04","slug":"what-is-serum-srm","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/","title":{"rendered":"What is Serum (SRM)?"},"content":{"rendered":"<p dir=\"auto\">As the decentralized finance (<a href=\"https:\/\/coinengineer.net\/blog\/arthur-hayes-dumps-eth-which-defi-tokens-did-he-buy\/\"><strong>DeFi<\/strong><\/a>) ecosystem grew, core issues such as speed, cost, and liquidity became more visible. In particular, first-generation Ethereum-based DeFi applications created significant constraints for both users and developers due to high gas fees and slow transaction times. <strong>Serum (SRM)<\/strong> emerged at this point, positioning itself as a protocol aiming to redefine the concept of decentralized exchanges.<\/p>\n<p dir=\"auto\">Built on the <a href=\"https:\/\/coinengineer.net\/blog\/bnb-chain-gains-momentum-as-ethereum-solana-lag\/\">Solana<\/a> blockchain, Serum offers a different approach in the DeFi world with its fully on-chain Central Limit Order Book (CLOB) architecture. Targeting both individual and institutional users, this structure aims to combine speed and cost advantages without compromising decentralization.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#What_Does_Serum_SRM_Aim_For\" title=\"What Does Serum (SRM) Aim For?\">What Does Serum (SRM) Aim For?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serums_Origin_Purpose_and_History\" title=\"Serum&#8217;s Origin Purpose and History\">Serum&#8217;s Origin Purpose and History<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#How_Does_Serum_Work\" title=\"How Does Serum Work?\">How Does Serum Work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#On-Chain_Central_Limit_Order_Book\" title=\"On-Chain Central Limit Order Book\">On-Chain Central Limit Order Book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Price-Time_Priority\" title=\"Price-Time Priority\">Price-Time Priority<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Asset-Agnostic_Structure\" title=\"Asset-Agnostic Structure\">Asset-Agnostic Structure<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serum_as_an_Alternative_to_the_AMM_Model\" title=\"Serum as an Alternative to the AMM Model\">Serum as an Alternative to the AMM Model<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Advantages_Provided_by_Solana_Infrastructure\" title=\"Advantages Provided by Solana Infrastructure\">Advantages Provided by Solana Infrastructure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serum_Ecosystem_and_Components\" title=\"Serum Ecosystem and Components\">Serum Ecosystem and Components<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#What_is_Serum_Token_SRM\" title=\"What is Serum Token (SRM)?\">What is Serum Token (SRM)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Use_Cases_of_SRM_Token\" title=\"Use Cases of SRM Token\">Use Cases of SRM Token<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Transaction_Fees\" title=\"Transaction Fees\">Transaction Fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Governance\" title=\"Governance\">Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Buy_Burn_Mechanism\" title=\"Buy &amp; Burn Mechanism\">Buy &amp; Burn Mechanism<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#What_is_MegaSerum_MSRM\" title=\"What is MegaSerum (MSRM)?\">What is MegaSerum (MSRM)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serum_SRM_Tokenomics\" title=\"Serum (SRM) Tokenomics\">Serum (SRM) Tokenomics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serums_Vision\" title=\"Serum&#8217;s Vision\">Serum&#8217;s Vision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serums_Key_Strengths\" title=\"Serum&#8217;s Key Strengths\">Serum&#8217;s Key Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serum_SRM_Investors\" title=\"Serum (SRM) Investors\">Serum (SRM) Investors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Prominent_Investors\" title=\"Prominent Investors:\">Prominent Investors:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Serum_SRM_Team\" title=\"Serum (SRM) Team\">Serum (SRM) Team<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Core_Contributors_and_Supporting_Organizations\" title=\"Core Contributors and Supporting Organizations:\">Core Contributors and Supporting Organizations:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"What_Does_Serum_SRM_Aim_For\"><\/span>What Does Serum (SRM) Aim For?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Serum is a permissionless decentralized exchange protocol and ecosystem operating on the Solana blockchain. Its primary goal is to provide DeFi applications with high speed, low transaction costs, and advanced market structures. At the heart of Serum is a fully on-chain central limit order book and matching engine.<\/p>\n<p dir=\"auto\">This structure sets Serum apart from many DEXs based on the automated market maker (AMM) model. Instead of liquidity pools, it brings the classic exchange model\u2014where buy and sell orders are matched based on price-time priority\u2014onto the chain. Users can determine the price, quantity, and direction of their trades themselves.<\/p>\n<p dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-189631 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/12\/serum-SRM-2.webp\" alt=\"\" width=\"1280\" height=\"720\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serums_Origin_Purpose_and_History\"><\/span>Serum&#8217;s Origin Purpose and History<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">With the popularization of DeFi, DEXs on Ethereum grew rapidly. However, issues such as high gas fees, slow transaction confirmations, liquidity fragmentation, and capital inefficiency made scaling the ecosystem difficult. Serum was developed to solve these problems.<\/p>\n<p dir=\"auto\">The project was launched on August 31, 2020, and became one of the first major open-source DeFi projects developed on Solana. Serum&#8217;s development and growth are supported by the Serum Foundation. The project was shaped with contributions from a consortium experienced in cryptocurrency trading and DeFi.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"How_Does_Serum_Work\"><\/span>How Does Serum Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Serum&#8217;s technical architecture offers a rare structure in the decentralized finance world. The platform&#8217;s core components are as follows:<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"On-Chain_Central_Limit_Order_Book\"><\/span>On-Chain Central Limit Order Book<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">Serum&#8217;s most distinctive feature is its fully on-chain central limit order book. In this system, all buy and sell orders are recorded on the Solana blockchain, and matching is performed through smart contracts.<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Price-Time_Priority\"><\/span>Price-Time Priority<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">Orders are matched based on price and time priority, just like in traditional financial markets. This approach creates a fairer and more transparent market structure.<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Asset-Agnostic_Structure\"><\/span>Asset-Agnostic Structure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">Serum&#8217;s order book is designed to support nearly any financial product based on Solana. It offers a wide range of uses, from spot trading to derivatives, lending protocols, and various financial instruments.<\/p>\n<p dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-189630 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/12\/serum-SRM-1.avif\" alt=\"\" width=\"509\" height=\"509\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serum_as_an_Alternative_to_the_AMM_Model\"><\/span>Serum as an Alternative to the AMM Model<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">The AMM model, widely used in the DeFi world, relies on liquidity pools. While this structure is simple and accessible, it can create disadvantages such as slippage in large trades and capital inefficiency.<\/p>\n<p dir=\"auto\">Serum, as an alternative to this model, combines the order book system from traditional exchanges with a decentralized structure. This enables:<\/p>\n<ul dir=\"auto\">\n<li>More precise pricing<\/li>\n<li>Large trades to be executed at lower costs<\/li>\n<li>A familiar trading experience for institutional traders<\/li>\n<\/ul>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Advantages_Provided_by_Solana_Infrastructure\"><\/span>Advantages Provided by Solana Infrastructure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Serum&#8217;s operation on Solana is one of the most important factors directly affecting the platform&#8217;s performance. Solana stands out with its ability to process tens of thousands of transactions per second and very low transaction fees.<\/p>\n<ul dir=\"auto\">\n<li>Transaction times are at the millisecond level<\/li>\n<li>Average transaction costs are extremely low<\/li>\n<li>Complex structures like on-chain order books become possible<\/li>\n<\/ul>\n<p dir=\"auto\">Thanks to this infrastructure, Serum aims to offer speed and user experience close to centralized exchanges.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serum_Ecosystem_and_Components\"><\/span>Serum Ecosystem and Components<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Serum positions itself as a central liquidity layer that many different applications can connect to, rather than a single application. Any application connected to Serum&#8217;s order book infrastructure can share existing liquidity.<\/p>\n<p dir=\"auto\">This structure allows:<\/p>\n<ul dir=\"auto\">\n<li>Different dApps to place orders in the same market<\/li>\n<li>An order placed in one application to match with an order in another<\/li>\n<li>Liquidity to be pooled in one place, preventing fragmentation<\/li>\n<\/ul>\n<p dir=\"auto\">Retail traders, algorithmic traders, and developers can benefit from this shared liquidity pool offered by Serum.<\/p>\n<p dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-189632 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/12\/serum-SRM-3.png\" alt=\"\" width=\"1024\" height=\"575\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"What_is_Serum_Token_SRM\"><\/span>What is Serum Token (SRM)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">SRM is the utility and governance token of the Serum ecosystem. It provides various advantages in transactions on the platform and plays a central role in the ecosystem&#8217;s long-term sustainability.<\/p>\n<p dir=\"auto\">SRM operates as an SPL token on Solana and also has an ERC-20 version on Ethereum, enabling cross-chain usage.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Use_Cases_of_SRM_Token\"><\/span>Use Cases of SRM Token<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">The main use cases of the SRM token are as follows:<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Transaction_Fees\"><\/span>Transaction Fees<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">When SRM is used in transactions on Serum, users can receive discounts on transaction fees.<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Governance\"><\/span>Governance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">SRM provides participation in governance processes within the Serum ecosystem. The community can vote on decisions regarding the platform&#8217;s future.<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Buy_Burn_Mechanism\"><\/span>Buy &amp; Burn Mechanism<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p dir=\"auto\">All transaction fees earned on Serum return to SRM. These revenues can be used for token buybacks and burns, staking rewards, or ecosystem incentives.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"What_is_MegaSerum_MSRM\"><\/span>What is MegaSerum (MSRM)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">In addition to SRM in the Serum ecosystem, there is a second token called MegaSerum (MSRM). MSRM is created by locking 1,000,000 SRM.<\/p>\n<ul dir=\"auto\">\n<li>Total MSRM supply is limited<\/li>\n<li>MSRM holders benefit from higher advantages compared to SRM<\/li>\n<li>Node operators wishing to contribute to network security must hold MSRM<\/li>\n<\/ul>\n<p dir=\"auto\">This structure is designed as a mechanism to incentivize long-term participants.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serum_SRM_Tokenomics\"><\/span>Serum (SRM) Tokenomics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Only 10% of the SRM token supply is initially unlocked. The remaining 90% is released according to a specific vesting schedule.<\/p>\n<ul dir=\"auto\">\n<li>Tokens are locked for the first year<\/li>\n<li>Then unlocked linearly over approximately 6 years<\/li>\n<li>Seed sales were conducted entirely locked<\/li>\n<\/ul>\n<p dir=\"auto\">This distribution model aims to prevent sudden supply shocks and ensure long-term stability.<\/p>\n<p dir=\"auto\"><img decoding=\"async\" class=\"size-full wp-image-189628 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/12\/serum-SRM-tokenomics.avif\" alt=\"\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serums_Vision\"><\/span>Serum&#8217;s Vision<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Serum&#8217;s long-term goal is to accelerate the global adoption of decentralized finance. This vision encompasses building a DeFi infrastructure capable of reaching billions of users and trillions of dollars in on-chain value.<\/p>\n<p dir=\"auto\">Principles of speed, usability, interoperability, and true decentralization form the foundation of this vision.<\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serums_Key_Strengths\"><\/span>Serum&#8217;s Key Strengths<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul dir=\"auto\">\n<li>Fully on-chain operating order book<\/li>\n<li>High speed and low transaction costs<\/li>\n<li>Composable structure that pools liquidity in one center<\/li>\n<li>Open and modular infrastructure for developers<\/li>\n<li>Design that does not compromise decentralization<\/li>\n<\/ul>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serum_SRM_Investors\"><\/span>Serum (SRM) Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Serum is among the projects that have attracted attention from prominent institutional investors in both the cryptocurrency ecosystem and the traditional finance world. The project has raised approximately $75.66 million to date, demonstrating confidence in its long-term vision, technical infrastructure, and strategic position in the Solana-based DeFi ecosystem. These investors played a significant role in Serum&#8217;s early growth and ecosystem development.<\/p>\n<h3 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Prominent_Investors\"><\/span>Prominent Investors:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul dir=\"auto\">\n<li>Multicoin Capital (Tier 1)<\/li>\n<li>Tiger Global Management (Tier 2)<\/li>\n<li>Jump Trading (Tier 2)<\/li>\n<li>Commonwealth Asset Management (Tier 4)<\/li>\n<li>Tagus Capital (Tier 5)<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-189629 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/12\/serum-SRM-investor.png\" alt=\"\" width=\"474\" height=\"306\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Serum_SRM_Team\"><\/span>Serum (SRM) Team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"auto\">Serum is an open-source project developed with the joint contributions of many industry leaders operating in cryptocurrency, trading, and decentralized finance. Instead of a traditional centralized company structure, a consortium model based on knowledge sharing, open innovation, and ecosystem-focused growth has been adopted.<\/p>\n<p dir=\"auto\">The protocol&#8217;s development and sustainability are managed by the Serum Foundation, supported by professionals with extensive experience in crypto markets, financial infrastructure, and decentralized systems. This structure aims to ensure Serum&#8217;s long-term technical development and ecosystem coordination.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Core_Contributors_and_Supporting_Organizations\"><\/span>Core Contributors and Supporting Organizations:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>FTX<\/li>\n<li>Alameda Research<\/li>\n<li>Solana Foundation<\/li>\n<li>Serum Foundation<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-189635 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/12\/serum-team.png\" alt=\"\" width=\"309\" height=\"184\" \/><\/p>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/docs.projectserum.com\/\">Website<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/projectserum\">X (Twitter)<\/a><\/li>\n<li><a href=\"https:\/\/docs.projectserum.com\/\">Whitepaper<\/a><\/li>\n<\/ul>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"6187\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<p>&nbsp;<\/p>\n<p><em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube\u00a0<\/a>and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the decentralized finance (DeFi) ecosystem grew, core issues such as speed, cost, and liquidity became more visible. In particular, first-generation Ethereum-based DeFi applications created significant constraints for both users and developers due to high gas fees and slow transaction times. Serum (SRM) emerged at this point, positioning itself as a protocol aiming to redefine<\/p>\n","protected":false},"author":29,"featured_media":60715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,5],"tags":[139,551,319,26861,26862,205,26860],"class_list":["post-60686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-projects","category-project-review","tag-amm","tag-dex","tag-solana","tag-srm-coin","tag-srm-token","tag-tokenomics","tag-what-is-serum-srm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Serum (SRM)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Serum (SRM) is a permissionless, decentralized exchange protocol and ecosystem running on the Solana blockchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-serum-srm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Serum (SRM)? 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