Serum aims to solve the limitations of existing decentralized exchanges (DEXs) by offering a high-speed, low-cost, and scalable solution. It leverages Solana high-performance blockchain to achieve transaction speeds of up to 65,000 transactions per second, with fees as low as $0.00001.Serum also introduces a new concept called “order books on-chain,” which allows for the creation of decentralized order books that are stored on the blockchain. This enables users to access and trade assets directly from their wallets, without the need for a centralized intermediary.The project also focuses on interoperability, allowing users to trade assets across different blockchains. This is made possible through the use of Solana cross-chain capabilities, which enable the seamless transfer of assets between different networks.Serum native token, SRM, plays a crucial role in the ecosystem. It is used for governance, allowing token holders to participate in decision-making processes and vote on protocol upgrades. SRM holders also receive discounts on trading fees and can stake their tokens to earn additional rewards.Furthermore, Serum aims to provide a secure and transparent trading environment. It utilizes a decentralized custody solution, allowing users to retain control of their assets while trading on the platform. The project also implements a robust security infrastructure, including a decentralized key management system and a decentralized identity protocol.Overall, Serum aims to revolutionize the decentralized derivatives trading space by offering a high-performance, low-cost, and interoperable solution. With its focus on speed, scalability, and security, Serum has the potential to become a leading platform for cross-chain trading.

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