November 30, 2020, 7:18AM EST
• 3 min read

A brief look at the data behind Serum

Quick Take

  • Serum, built on a high throughput blockchain Solana, is an orderbook-based non-custodial exchange
  • In October, Serum generated $44.6 million in volume and then $111 million in November
  • On an average day, Serum already has nearly 10 times higher volume than Binance DEX but 15 times lower than Gemini
  • Knowing that Serum burns 80% of all fees, we can deduce that Serum has generated roughly $800,000 of revenue since launching in late August

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