Aleph.im, a cross-blockchain computing network, and decentralized indexing provider announced today the launch of Serum Markets, to help surface valuable trading data on Project Serum, a protocol delivering the underlying liquidity infrastructure to dApps built on Solana’s fast and censorship-resistant blockchain.
The induction of Serum Markets will vastly benefit Project Serum’s ecosystem, allowing Serum to better analyze the enormous influx of data and funds from their various end-users and providing increased visibility for investors into one of the largest players of the Solana DeFi ecosystem. Moving forward, projects will be able to connect to Project Serum’s data using aleph.im’s technology to enrich the Solana DeFi analytics landscape.
Serum is a liquidity infrastructure ecosystem built on Solana with a fully on-chain central limit order book that gives traders and composing projects access to matching services and shared liquidity.
At the time of writing, Serum’s total value locked (TVL) is $2.42 billion, making Serum one of the top DeFi protocols on Solana.
Until now, trading data from Serum’s ecosystem has been noticeably difficult to consolidate. Aleph.im’s indexing solution will allow users to access historical DeFi trading data including TVL, trading history (OHLCV), the daily number of active users, and specific statistics on the makers and takers (PNL, open orders, fees/rebates) for added visibility and insights that can inform better trades. It will also provide additional searchable data on specific market addresses, open orders accounts, and owner addresses.
“We’re excited to collaborate closely with aleph.im on their analytics and indexing solutions for Serum. It’s hard to overstate how important this kind of tooling is for ecosystem growth,” said JHL, Project Serum contributing developer.
Integrating Serum for Solana analytics
Aleph.im offers a solution for projects that currently have to rely on centralized indexing solutions or no indexing at all due to the complexity of indexing on Solana, which requires high costs for physical hardware, unfeasibly fast internet connections, and computing power.
Many DeFi protocols on Solana have already benefited from aleph.im’s decentralized indexing solutions including Raydium, Saber, and Orca.
“We’re thrilled to extend our indexing solutions and analytics dashboards to Serum, the liquidity infrastructure protocol for dozens of DeFi programs built on the Solana blockchain, to offer users, traders and institutional investors increased visibility into the Solana DeFi ecosystem”, stated Jonathan Schemoul, founder of aleph.im.
Aleph.im’s open API and GraphQL can also be used by anyone to populate the latest trades on Serum into their DApps or research projects.