Crypto proponents and market observers can now gain insight into Solana’s and Serum’s liquidity infrastructure ecosystem via the analytics and decentralized indexing provider Aleph.im. The cross-blockchain computing project says the induction of Serum Markets will “help surface valuable trading data on Project Serum.”
During the last quarter of the year, the Solana (SOL) protocol and its native asset saw significant growth. In the last three months, SOL has gained a massive 542% and the market cap has entered the top ten crypto markets by capitalization. Today, SOL holds the fourth largest market position with an overall market valuation of $72 billion. On November 4, the cross-blockchain computing and decentralized indexing provider, Aleph.im, announced it is now offering analytical insights into Project Serum.
Serum is a Solana protocol that bolsters liquidity infrastructure and provides decentralized applications (dapps) with the ability to access Solana’s blockchain. The Serum website says that the protocol “brings unprecedented speed and low transaction costs” to decentralized finance (defi). Adding Serum Markets to Aleph.im will benefit the ecosystem, the Aleph.im team says, as it will help provide insights to valuable data.
“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,” Aleph.im’s announcement details. “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.”
At press time, there’s more than $250 billion total value locked (TVL) in defi today across various blockchains. Solana has the third-largest defi TVL with $14.63 billion, which is up 15.9% over the last seven days. Today, Serum has $5.06 billion TVL and $6.82 billion in seven-day trade volume. The new insights from Aleph.im will provide features like TVL, trading history (OHLCV), the daily number of active users, alongside “searchable data on specific market addresses, open orders accounts, and owner addresses.”
“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,” Jonathan Schemoul, the founder of Aleph.im said in a statement sent to Bitcoin.com News.
Analytical data tied to cryptocurrencies has been a hot commodity in 2021 and many firms providing these statistics have raised millions of dollars. Firms like Skew.com, Coin Metrics, Messari, Dune Analytics, Defillama, Dappradar, Nonfungible.com, and more have seen significant demand. As far as insights into Serum are concerned, Aleph.im explains its open API and GraphQL can also be used to “populate the latest trades on Serum into their dapps or research projects.”
What do you think about Aleph.im adding Serum insights? Let us know what you think about this subject in the comments section below.
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