FTX's Serum goes live as DEXs end another record-breaking month for volume


FTX's Solana-based decentralized exchange, Serum, officially went live on Sunday.

As of press time, Serum — which The Block first reported on in late July — offers eight markets. The DEX has markets for BTC, ETH, SRM and MSRM, with trading pairs against USDT and USDC for each. 

Serum's launch comes as August is set to be another record-breaking month from DEX volumes. Data from Dune Analytics shows that during the past 30 days, DEXs have seen approximately $10.42 billion in trade volume. By comparison, the DEX ecosystem saw $4.3 billion in overall volume in July, as The Block previously reported.

As was the case in July, the volume leaders in August have thus far been Uniswap and Curve, posting 60.6% and 18.1% of overall volumes, according to the data. 

According to Dune, Uniswap has seen $1.7 billion in volumes in the last seven days and about $427.6 million in volume in the past 24 hours.


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