Decentralized index provider Aleph.im launches serum market analysis – Defi Bitcoin News
Cryptocurrency supporters and market observers can now gain insights into the liquidity infrastructure ecosystem of Solana and Serum through analysis and decentralized index provider Aleph.im. The cross-blockchain computing project stated that the introduction of Serum Markets will “help show valuable transaction data on the project Serum”.
Aleph.im adds project serum support
In the last quarter of this year, the Solana (SOL) agreement and its native assets showed significant growth. In the past three months, SOL has risen sharply by 542%, and its market value has entered the top ten cryptocurrency market by market value. Today, SOL has the fourth largest market position, with an overall market valuation of US$72 billion. On November 4th, cross-chain computing and decentralized index provider, Aleph, Announcing that it now provides analytical insights Project serum.
Serum is a Solana protocol that supports liquidity infrastructure and provides decentralized applications (dapps) that can access Solana’s blockchain. The Serum website stated that the agreement “brings unprecedented speed and low transaction costs to decentralized finance (defi).” The Aleph.im team stated that adding Serum Markets to Aleph.im will benefit the ecosystem as it will help provide insights into valuable data.
“The introduction of Serum Markets will greatly benefit Project Serum’s ecosystem, enabling Serum to better analyze the large amount of data and capital inflows from its various end users, and provide investors with greater visibility to understand Solana defi One of the largest participants in the ecosystem,” Aleph.im’s announcement details. “Looking forward, the project will be able to use Aleph.im’s technology to connect to the data of Project Serum to enrich the field of Solana defi analysis.”
“Increase visibility to the Solana Defi ecosystem”
As of press time, the total defi value lock (TVL) in various blockchains today exceeds $250 billion. Solana owns the third largest defi TVL with USD 14.63 billion, an increase of 15.9% in the past 7 days.Today, the serum has US$5.06 billion TVL The 7-day transaction volume was US$6.82 billion. Aleph.im’s new insights will provide features such as TVL, transaction history (OHLCV), number of daily active users, and “searchable data for specific market addresses, open order accounts, and owner addresses”.
“We are very happy to extend our indexing solutions and analysis dashboards to Serum. Serum is a liquidity infrastructure protocol for dozens of defi programs based on the Solana blockchain, providing users, traders and institutional investors with feedback. Higher visibility of the Solana defi ecosystem,” Jonathan Schemoul, the founder of Aleph.im, said in a statement sent to Bitcoin.com News.
Analytical data related to cryptocurrencies has been a hot commodity in 2021, and many companies that provide these statistics have raised millions of dollars.Company likes Oblique net, Coin indicator, Mesari, Dune analysis, Defillama, Dappradar, Nonfungible.com, etc. have all seen huge demand. In terms of insights into Serum, Aleph.im explained that its open API and GraphQL can also be used to “fill the latest transactions on Serum into their dapp or research project.”
What do you think of Aleph.im adding serum insights? Please tell us your thoughts on this topic in the comments section below.
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