Rumble Kong League is a blockchain-based mobile 3x3 basketball game. Players use NFT characters to compete and rank in an online sports league.

Interested in fast-paced basketball games with exciting rewards? 

 attempts to combine the world of sports gaming with cryptocurrency technology. This entertaining concept takes the play-to-earn aspect of 

 and adds more complex gameplay with a focus on sports culture. 

 certainly stands out from other web3 games, which tend to be based on RPGs, shooters or card games. But can it attract users? To see whether this game will likely be the next big thing, here's what you need to know.

 is a blockchain-based mobile basketball game. Players use 

 characters to compete in 3x3 basketball matches and rank in an online sports league. The game involves a blend of strategy and skill, and league winners can earn impressive prizes.

 has been in development since 2021, when it was first created by Marcus Blasche and Nick Vale. Blasche has worked with Activision Blizzard and Wargaming, while Vale is a veteran of indie gaming. Intrigued by the potential applications of blockchain technology, the two decided to create a complex and engaging web3 game. 

 has obtained numerous prestigious backers, raising over 

 from JDS Crypto, Animoca Brands, IDEO CoLab Ventures and others. Moreover, the game is being promoted by NBA stars Stephen Curry and Paul George. The 

development team also includes acclaimed muralists, algorithmic trading experts and experienced software developers. 

What Does Rumble Kong League aim to achieve?

Rumble Kong aims to create a complex, in-depth blockchain sports game. Many web3 games are simple “clickers” that rely on basic mechanics, such as drawing cards and automatically generated artwork. However, Rumble Kong's creators wanted to create a game that felt more like traditional basketball. The game's development period was longer than usual, due to its broad range of mechanics and distinctive art style. 

. By incorporating real NBA players in its promotion, 

 believes it can attract more customers. Instead of just relying on word-of-mouth praise from web3 fans, it plans to reach out to traditional sports fans and esports gamers. 

 is primarily a game, it’s also an advanced gaming ecosystem running on a multisport platform that will eventually encompass multiple games. Account holders receive access to Athlos, a digital 

 city with a street for each gaming brand and athlete experience. 

The content and interface that users experience are run by traditional software, similar to standard AAA games. However, the ecosystem has a blockchain background that provides more technical services, such as tracking player points and storing player assets. 

Initially, there were plans to run the game’s network on Avalanche, but after considering its options, 

, an Ethereum sidechain specifically designed for gaming that offers particularly low fees and fast transactions. 

 provides the following exciting features for players to enjoy.

 is similar to that of a basketball game. Teams of three try to shoot baskets and score points, and players can be default characters or special NFTs with unique abilities. As you play, you can choose between individual actions, such as passing the ball, sprinting, blocking shots and shooting. In addition to playing matches, users can watch tournaments, interact with each other socially and design player-created content.

The Rumble Pass lets players join a seasonal progression system. Once you sign up for this features, you're guided through a broader narrative. As you win matches, you unlock exclusive quests. Fulfilling all the requirements of the Rumble Pass gets you exclusive rewards and loot boxes. Rumble Pass is essentially the casual mode of 

, so you can play for fun instead of competing in serious league games.

 uses NFTs for a variety of purposes. Players who own NFT characters can equip them with special on-court abilities. Brand collaborators, such as Gatorade and Under Armour, also offer special NFT collections that provide branded gear for their characters. Currently, 

 has spent the past four years developing and designing its game and recruiting reputable spokespeople like NBA stars Stephen Curry and Paul George. Now that it's successfully completed several beta tests and a soft launch of its gaming system, 

, with plans to add the FAME token and other related services to the game throughout the spring of 2025. 

Once the league system, FAME rewards and game stores are all launched, 

 will be expanding its game with exclusive quests. Eventually, it plans to branch out and add more sports-themed games centered around games such as American football.

Before the FAME token launched on Mar 11, 2025, 

 to its dedicated players. People who participated in activities like the Sigma League and earned points had their in-game FAME points translated into FAME cryptocurrency. Those who had participated in the SocialFi campaign online were also eligible for the airdrop. All they needed to do was visit the 

 website and connect their wallet to automatically get tokens added. 

FAME stands for "The Future of Athletics, Media and Entertainment," and it's the token used for everything from rewarding plays for completing exclusive quests to buying items in the online shop. The token is an Ethereum-based coin with a 

 that will be distributed to six different parties:

While there’s not yet any pricing history for the incipient FAME token, it can be helpful to take a look at the pricing history for 

 NFTs, which have a floor price of around $300 and an 

 has usually sat in the middle of the market. 

Likewise, the company's FAME coin is unlikely to be as pricey as a token like Bitcoin, or as cheap as a typical meme coin. It will most likely start out with a price in the range of a few cents, and may increase in value if it can generate enough hype.

Currently, pre-market trading sites have FAME sitting at around $0.02, which may provide a good estimate of the coin's launch price. FAME does feature a high total supply, however, which may bring prices down a little as more coins are released.

No one can guarantee FAME's debut price, but this hasn't abated crypto influencers’ excitement. Thanks to the game's ties to Animoca Brands, Stephen Curry and other prestigious names, it's already attracting people who are interested in sports culture. For most new coins, this sort of online buzz is a good thing. It can often indicate higher prices when a coin eventually launches. Furthermore, the token has a lot of utility, since FAME rewards are such a big part of the game. This type of utility usually helps to stabilize coin prices.

However, keep in mind that FAME is still untested at this point. 

has been in development for a while without actually releasing a coin, and its soft launch is still ongoing. Furthermore, the crypto market as a whole has been experiencing some insecurity lately. Since it's impossible to predict how volatility will affect FAME, make sure to avoid overextending yourself and putting too much of your portfolio into FAME. As always, be sure to 

 has the potential to create a truly entertaining sports game for basketball fans. This impressive ecosystem is backed by NBA stars such as Stephen Curry and includes some exciting gameplay options. 

 has already had some success with its Sigma League and soft launch, and the upcoming release of the FAME token signifies more big things for the brand. 

Intermediate

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Rumble Kong League (FAME): Slam-dunking into esports with Ronin

Thailand’s SEC has approved USDT as a regulated cryptocurrency, allowing trading on local exchanges starting March 16. 

Daily top performer — IOST Network (IOST)

The S&P 500 fell by 2.7%, hitting a multi-month low as recession fears and tech selloffs weighed on markets. Investors are awaiting US inflation data for further insights. Gold remained below $2,900, with further declines likely as investors await US CPI data and the BoC rate decision. The Coindesk Indices, which tracks the broader crypto market, fell by 6.32%, with Bitcoin and Ether down by 4.44% and 8.66% in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is IOST, which surged 27.6% following the IOST Airdrop Campaign Details.

IOST Network (IOST), launched in 2019, uses "Proof-of-Believability" to enhance scalability. It expanded into DeFi, NFTs, and plans a decentralized stablecoin to strengthen its ecosystem. 

, distributing 852.8M tokens (4% of supply) to eligible holders. Users with at least 1,000 IOST by March 15, 2025, qualify. Distribution will occur over 48 months, with details varying by platform. More participants may be added. Stay updated via 

Check out the latest prices, charts, and data of 

 as a regulated cryptocurrency, allowing trading on local exchanges starting March 16. The move enhances flexibility in digital asset businesses and reinforces Thailand’s position as a crypto-friendly jurisdiction. With USDT accounting for 40% of local trading volume, the approval supports market modernization and stablecoin adoption.

Yesterday, BTC spot ETFs saw $189.2M in outflows, with GBTC losing $20.6M and non-GBTC funds shedding $168.6M.

 is set for April, marking a major milestone for the Web3 gaming platform. Leading up to TGE, key events include Launchpool #3 (March 17–31), the Community Airdrop (March 10–31) for Mystery Marble (MM) holders, and Airdrop Season 3 (March 17–April), allocating 1% of total supply. Users can earn SQUAD Coins through pre-launch events and weekly challenges. Stay tuned for more updates as GOMBLE expands its gaming ecosystem.

Beginner

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Thailand SEC approves USDT trading to boost crypto adoption

bbSOL HODLverse is a staking rewards event that allows Bybit users to earn LAYER tokens by holding bbSOL in their Bybit Exchange and/or Bybit Web3 Wallet.

The world of crypto staking continues to evolve, offering innovative ways for users to earn passive income. One such opportunity is bbSOL HODLverse, an exclusive week-long event during which users can hold 

 and earn LAYER tokens without additional effort. With a 2,000,000 LAYER prize pool, participants can accumulate rewards simply by holding bbSOL in their Bybit Exchange account and/or 

In this article, we’ll explore what this event is all about, learn how you can obtain bbSOL and participate and help you decide whether to join this campaign.

Running from Mar 11, 2025, 12AM UTC through Mar 20, 2025, 11:59PM UTC, 

 is a staking rewards event that allows Bybit users to earn LAYER tokens by holding bbSOL in their Bybit Exchange and/or Bybit Web3 Wallet. 

The concept behind bbSOL HODLverse is simple: the more bbSOL you hold, the greater your share of the LAYER airdrop. To understand the mechanics of the event, let’s break it down step by step:

Now that you have a better understanding of how the event works, learn below how to earn your share of the 2,000,000 LAYER prize pool.

As outlined previously, you have two ways to participate in bbSOL HODLverse: hold bbSOL in your Bybit Exchange account, and/or your Bybit Web3 Wallet.

Before you can get started with this event, you’ll first need to create a Bybit account, and then ensure that you’ve already obtained bbSOL. If you don’t already have an account with Bybit, you can follow our sign-up guide 

How to obtain bbSOL with Bybit On-Chain Earn

: Log in to your Bybit account and hover your cursor over the 

: Indicate the amount of SOL you’d like to stake/amount of BBSOL you’d like to receive, and ensure that all fields are filled in correctly before clicking 

Congratulations! You’re now holding bbSOL.

: Log in to your Bybit account and navigate to the Spot trading platform by hovering your cursor over the 

: Search for the available bbSOL Spot trading pairs by hovering your cursor over the three horizontal lines.

: Choose your preferred bbSOL Spot trading pair (

), and input the amount you’d like to purchase in the trading pane on the right side. Once you’ve filled in the necessary details, click on 

How to check rewards if you have bbSOL in your Bybit Exchange account

 and scroll down until you see the snapshot. 

Here, you’ll be able to see the snapshot amount of your bbSOL holdings each day, as well as the estimated number of LAYER tokens you’re eligible to receive.

Navigate to the Bybit Web3 homepage and connect your Web3 Wallet by clicking on the 

 button on the top right corner of the page.

Once you’ve connected your Bybit Web3 Wallet, hover your cursor over the 

Enter the amount of SOL you would like to purchase in the order pane on the right side of the page, and click on 

Once you’ve purchased SOL, hover your cursor over the 

On the right side of the page, indicate the amount of SOL you would like to stake and click 

Congratulations, you’ve obtained bbSOL!

How to check rewards if you have bbSOL in your Bybit Web3 Wallet

. Alternatively, you can also choose to navigate to the 

tab and you’ll be able to see your bbSOL holdings, as well as the estimated LAYER rewards you’ll be able to receive.

Participating in bbSOL HODLverse is an attractive option for users who are already staking SOL or holding bbSOL. This event provides an easy opportunity to earn additional LAYER tokens without requiring extra effort or active trading. Furthermore, you don’t have to manually register for the event; as long as you’re holding bbSOL during the event period, you’ll be eligible!

One of the biggest advantages of bbSOL HODLverse is that it offers a passive way to earn crypto rewards. Since rewards are distributed based on daily snapshots of holdings, there’s no need to actively trade or stake beyond simply holding bbSOL. In addition, unlike traditional staking programs, there’s also no lockup period, meaning users are free to withdraw or trade their bbSOL at any time during the event.

Overall, bbSOL HODLverse stands out as a hassle-free way to maximize rewards while maintaining full control over your holdings. With no additional requirements beyond holding bbSOL, it offers a flexible and low-risk opportunity for participants to earn LAYER tokens. 

bbSOL HODLverse is a straightforward and rewarding event for Bybit users looking to maximize their crypto holdings. By simply holding bbSOL, participants gain access to a 2,000,000 LAYER prize pool, with no complex staking requirements.

With automatic daily snapshots, effortless participation and seamless reward distribution, bbSOL HODLverse offers you a passive and low-risk way to earn crypto rewards. If you qualify for participation, it’s a great opportunity to grow your portfolio.

bbsol hodlverse.png

How to participate in bbSOL HODLverse

Cardano Spot ETF approval would signal ADA’s integration into mainstream finance, mirroring BTC and ETH's paths. Learn more here.

Grayscale Investments, in its latest bid to expand its crypto-focused portfolio, has filed for a 

 (ETF). Now under the SEC’s review, the proposal has the potential to thrust ADA into the spotlight of mainstream finance. It promises to provide regulated exposure to Cardano’s market value, offering a gateway for traditional investors to tap into the growing cryptocurrency ecosystem. As the SEC reviews the application, investor optimism is rising, and ADA has already experienced notable price surges. 

This article explores how this move could redefine Cardano’s future, connecting the world of decentralized innovation with traditional financial markets and positioning ADA as a key player in the fast-paced digital economy.

A Cardano Spot ETF is an investment vehicle that directly holds Cardano (ADA) tokens and mirrors their market price, empowering investors to capture Cardano’s value without the complexities of buying and managing the cryptocurrency directly

A Cardano Spot ETF would provide direct exposure to Cardano (ADA) by holding the underlying cryptocurrency itself, rather than derivatives or futures contracts, in order to capture ADA’s market performance in a secure, regulated framework. This innovative structure bridges traditional finance with the dynamic ecosystem of digital assets, and would allow investors to tap into Cardano’s potential without managing digital wallets or navigating the complexities of cryptocurrency exchanges.

ADA is the native currency of the Cardano blockchain, one of the largest networks primarily used for 

. Cardano empowers developers to build secure, scalable 

 solutions, and the ADA token facilitates 

 transactions and is used within the network for 

A Cardano Spot ETF would be established as a trust, with a dedicated custodian ensuring the secure storage of ADA tokens. For instance, in Grayscale's proposed Cardano ETF, Coinbase Custody Trust Company, LLC is tasked with safeguarding digital assets. Experienced administrators — in this case, BNY Mellon Asset Servicing — will oversee the fund's day-to-day operations, and handle critical functions such as valuation, accounting and regulatory reporting in order to ensure compliance with industry standards.

The ETF’s value would be meticulously linked to the market price of ADA through an index that aggregates prices from reputable cryptocurrency exchanges, such as Coinbase, Crypto.com, Bitfinex and Kraken.

Upon receiving regulatory approval from the US Securities and Exchange Commission (SEC), shares of the Cardano Spot ETF would be listed on major stock exchanges such as NYSE Arca. This listing will allow investors to buy and sell shares via traditional brokerage accounts, providing a familiar and regulated avenue for cryptocurrency investment. Operating under stringent regulatory oversight, the ETF would ensure transparency, security and adherence to applicable laws, ultimately offering a streamlined and secure method for investors to participate in Cardano’s market movements.

On Feb 10, 2025, Grayscale Investments filed a 

 with the US Securities and Exchange Commission (SEC) to launch a Cardano Spot ETF, aiming to offer investors regulated exposure to ADA. The SEC formally acknowledged this filing on Feb 24, 2025, kicking off a review process that includes a public comment period. The review period allows up to 180 days for an initial decision — though extensions are possible, if the need arises. Historically cautious (due to concerns over market manipulation and investor protection), the SEC’s shifting stance, highlighted by approvals of 

, suggests a potential shift toward a more accommodating regulatory framework. (Polymarket analysts put approval odds at 64%.)

The market response to Grayscale’s proposal has been notably positive, with ADA’s price surging approximately 

 in 24 hours following the announcement, outperforming both BTC and ETH. This upward movement signals confidence in the ETF’s potential to integrate Cardano into traditional financial markets, and also reflects robust investor optimism and heightened institutional interest.

While the SEC’s decision on Grayscale’s Cardano Spot ETF is still pending, the combined effect of progressive regulatory action and favorable market sentiment highlights a promising future for Cardano. This development continues to strengthen the link between conventional financial systems and the innovative world of digital assets, reinforcing ADA’s standing as a leading blockchain asset in an ever-evolving market landscape.

Current impact of Cardano Spot ETF applications on the crypto market

Grayscale’s initiative to launch a Cardano-focused ETF has ignited robust investor interest, with ADA experiencing a substantial price surge that even outpaced major cryptocurrencies Bitcoin and Ethereum. This development reflects heightened optimism about Cardano's integration into mainstream financial products, and also signals a broader acceptance of digital assets within traditional investment frameworks.

At the same time, President Trump’s declaration to establish a US crypto strategic reserve — which notably includes Cardano, among other cryptocurrencies — has further propelled ADA's value, with reported increases 

. This move, aimed at incorporating key digital assets into the nation’s financial infrastructure, provides a robust endorsement of Cardano’s market relevance. 

The interplay between the ETF application and the announcement for a planned crypto strategic reserve has created a synergistic effect: while the ETF filing laid the groundwork for positive sentiment, the governmental initiative amplified investor confidence, culminating in a more pronounced price rally. 

What will it mean if a Cardano Spot ETF application is approved?

The SEC's approval of a Cardano Spot ETF would mark a pivotal moment in the integration of cryptocurrencies into mainstream finance. It would offer enhanced accessibility, liquidity and legitimacy to ADA, while also setting the stage for broader acceptance and development within the digital asset ecosystem.

Looking to capture the market and trade ADA tokens? Bybit offers the 

The potential approval of a Cardano Spot ETF represents a pivotal step toward mainstream legitimacy for ADA, mirroring both Bitcoin and Ethereum’s regulatory milestones. While the SEC’s decision remains pending, heightened investor confidence — evident in ADA’s price surges and institutional interest — signals optimism about Cardano’s integration into traditional finance. Approval would enhance accessibility, liquidity and ecosystem growth, positioning ADA as a competitive blockchain asset. 

Coupled with broader initiatives, such as that for a 

, these developments underscore Cardano’s rising prominence in merging decentralized innovation with regulated financial frameworks.

cardano etf.png

Cardano Spot ETFs: Boosting ADA's ETF market share

Altcoins

Crypto

Thanks to its speed and usability, the Serum coin and network are steadily gaining attention. Read up about SRM here.

SRM_USDT_price_chart.png

The popularity of decentralized exchanges has been on the rise over the past year, with the decentralized finance (

) movement forcing developers to focus on issues surrounding complete decentralization. Despite demonstrating certain advantages (e.g., the ability to combine intuitive interface and access for substantial liquidity), centralized exchanges will never achieve the level of security that decentralized exchanges offer. One example of the latter is Serum. In order to become the cornerstone of the DeFi ecosystem, Serum has decided to offer a set of exciting new features.

Serum is a fully decentralized ecosystem based on Solana. Its main focus is interoperability, and the highlight of its ecosystem is decentralibility.

 Serum offers an easy-to-use platform from which any crypto token can be exchanged for another without the need to go through any KYC procedures. Serum’s 

 uses the traditional swap system, allowing users to add any trading pairs they like.

Since Serum is built on Solana’s blockchain, its DEX benefits from capabilities worthy of a centralized exchange while users retain full control of their funds. Thanks to its cross-chain features, you can trade BTC, ETH, ERC20 tokens and SPL tokens (Solana’s token standard), among others. These features allow 

 to find in Serum a truly decentralized platform, which has all the convenience offered by centralized platforms and more.

The Serum Foundation was launched in August 2020. It’s the brainchild of 

, a math and computer science graduate of MIT. Bankman-Fried is also the founder of Alameda Research (2017), a successful cryptocurrency trading company, and the popular crypto derivatives exchange FTX (2019). Along with his FTX colleagues, Bankman-Fried came up with a DeFi protocol to implement in which the DEX was autonomous.

Serum is supported by many centralized exchanges. To date, it has also entered into numerous collaborations, including one with 

, providing pricing oracles for its DEX within the ecosystem. The leading advisors for the project include Robert Leshner, the founder of Compound Labs, and Long Vuong, founder and CEO of TomoChain.

SRM is the native token of the Serum ecosystem. Serum’s cross-chain swap protocol allows users to reliably swap assets between blockchains. Serum offers investors a decentralized, automated full-limit order book that gives them full control over each order. The integration between Ethereum and Solana makes Serum faster, more efficient and interoperable with 

The regulated cross-chain contracts allow easy margin positions in DeFi on synthetic assets. SRMBTC is a model for creating ERC20 or Solana-based tokens for BTC, while SRMUSD is a model for creating a decentralized USD fixed constant currency.

Stake rewards are distributed based on the performance of nodes that take into account important in-chain actions, such as providing blockchain histories for cross-chain placement verification.

The SRM token also has a classic mechanism that is recognized by the tokens of exchange platforms. This system of redemption and destruction rarefies the total amount of SRM.

Apart from the utility of the SRM token in the ecosystem, all fees paid in SRM are automatically burned every week. This mechanism gradually reduces the number of SRM tokens in circulation, further increasing its rarity. That’s why SRM continues to remain valuable. 

Currently, Serum is the most preferred decentralized exchange on the Solana ecosystem. The Solana ecosystem offers users a fast trading experience, and as the ecosystem expands, the number of projects on Serum DEX will increase. 

Serum’s unique selling proposition (USP) is that it allows the public to create their own DEXs. What this means is that individuals who possess programming skills can create a decentralized market with the help of Serum. Typically, DEXs struggle to obtain sufficient liquidity for their users. The problem is solved, however, by building a DEX using the Serum ecosystem. The liquidity of each DEX built on Serum is pooled with the others, and even with the Serum DEX itself.

Serum also rewards those who provide liquidity for its markets. Some of the top DEXs created on Serum include 

As we’ve already mentioned, Serum is built upon the Solana blockchain architecture. Therefore, it’s impossible to talk about the Serum project without mentioning the Solana ecosystem. 

This affiliation with Solana makes Serum a unique and pure DEX, which allows the decentralization of all exchanges for several blockchains, an exclusively on-chain order book, speed and efficiency of orders, very low exchange fees, and perhaps most importantly, interoperability with Ethereum and ERC20 tokens. This means that the SRM crypto is an SPL token (Solana Program Library). This is, by the way, a standard similar to ERC20 on Ethereum, which makes it possible to issue interchangeable tokens on Solana. Serum therefore takes advantage of all the capabilities of the Solana blockchain to ensure that its ecosystem works smoothly.

It’s worth noting that Solana also relies on interoperability between blockchains. This network is fully compatible with Ethereum, and even with 

. This particular characteristic benefits Serum, which, as we’ll see below, enables collaboration for cryptocurrencies that are otherwise incompatible. In this way, these cryptocurrencies become exchangeable via Serum’s decentralized platform.

The Serum project is fueled by its governance token, SRM. It’s the native utility token of the Serum ecosystem built on the Solana blockchain. It confers several advantages on its holders, including:

Note that the Serum ecosystem chooses to burn these fees and contribute to the ecosystem. The rest of the fees, 20%, are distributed to users (stakers) who lock SRM tokens.

Like any blockchain, Solana comes with a consensus mechanism, with the main innovation behind the Solana network being 

. As the name suggests, it’s a form of consensus based on evidence of past events.

Note that for the Solana network, PoH presents itself as an overlay to 

, the well-known consensus that implements the concept of masternodes and staking.

Before getting into the specifics of how PoH works, it’s necessary to go back to the basics. Let’s take Bitcoin and its consensus, proof of work (PoW), as an example. On the Bitcoin network, all of the network nodes work in parallel to validate the next block. This implies that the majority of nodes must validate any block before it can be anchored forever in the chain. This process is relatively lengthy, and requires most of the network to agree that “such and such block has been validated at such and such time.”

To maximize its technical capabilities and meet the requirements of its users, the Solana blockchain implements PoH. This method obviates the need for all validators in the network to agree on creating a block. The PoH algorithm will cryptographically prove that one transaction was created before another, making its immediate implementation in the chain possible. In this way, blocks are created approximately every 400 milliseconds on the Solana blockchain, with the network theoretically approaching 50,000 to 65,000 

In addition, the costs incurred by a transaction on the Solana network are negligible, on the order of $0.00001 per transaction — or about $10 in fees for 1 million transactions.

As Serum is entirely built on Solana, it takes advantage of this blockchain’s capabilities, which are necessary for its ecosystem to function optimally.

 is a powerful, permissionless blockchain that tries to solve the scalability problems of blockchain without 

. This makes Solana a good go-to for DApps that need a high data rate. 

According to its developers, Solana can handle up to 50,000 TPS. It relies on a PoH timestamp algorithm which automatically strings together transactions that take place in fractions of a second. The Solana 

 went live in March 2020. Its primary goal is to develop a one-layer solution for DApps that’s both fast and scalable.

Why Is Solana a Good Blockchain for Serum?

As a full DEX, the primary benefit that Serum gets from Solana is interoperability. However, their relationship goes well beyond this. Here are some other benefits that Solana provides to Serum: 

 (AMMs) to facilitate decentralized exchanges between buyers and sellers. This eliminates the need for services to hold third parties’ or clients’ funds, taking advantage of smart contracts (along with user-provided liquidity) for a pair of tokens in a pool.

: It’s novel to see Serum supporting Bitcoin and Ethereum trading on its DEX, in addition to coins that use Solana’s SPL token standard. Both BTC and ETH are available on the platform as wrapped tokens in the form of SPL coins. SPL is a collection of on-chain programs run by the Solana team.

: Nodes in the Serum ecosystem can stake the project’s local SRM token. This means that nodes run hardware devices which meet Solana’s validator requirements. At the same time, they also lock coins for a certain time and perform tasks related to optimizing the protocol’s central order book and matching engine.

Almost every DeFi platform has been bogged down by slow transaction speeds. Serum aims to solve some of DeFi’s shortcomings and inefficiencies. While DeFi practices have created tremendous value, relatively long trading times are still an issue. 

Thanks to Solana’s PoH algorithm, TPS. Serum operates using the Solana blockchain to achieve super-fast TPS.

The primary goal of blockchains is to ensure complete decentralization. However, even as DeFi continues to garner mainstream acceptance, most crypto exchanges are centralized. Serum is unique because it uses centralized on-chain order books to make trading much more efficient and user-friendly thanAMM protocols such as Uniswap or PancakeSwap.

Another issue decentralized financial projects grapple with is costly transaction fees. Due to the increased use of gas resulting from high network activity, transaction fees for DApps are much higher than simple wallet-to-wallet transfers. Ethereum, the leading smart contracts platform and DeFi hub, has long struggled with limited scalability, which in turn has led to increased gas charges.

The Serum ecosystem is marked by fees and the buy-and-burn mechanism. Serum has set up a mechanism to buy back and destroy part of the transaction fees. Here’s a breakdown of the costs involved:

Buy-and-burn, therefore, takes care of two-thirds of SRM and is carried out weekly. As mentioned earlier, this mechanism gradually reduces the number of SRM in circulation, further increasing its rarity. 

Remember that Serum is a pure DEX, using the AMM model to provide liquidity. While the largest ecosystems for DeFi to date are based on either Ethereum (ETH) or Binance Coin (BNB) and their associated blockchains, Serum relies on Solana. With 50,000 TPS and minimal transaction fees of fractions of a cent, the technological course for future viability has already been set. In addition, SRM and Serum are also linked to DeFi under Ethereum via a currency bridge.

 of Serum is 50 million, against a total supply of 10 billion. Note that 90% of the total supply tokens are locked.

You can buy SRM via popular crypto exchanges. At the time of writing, it’s trading at almost $8.00 with a 

Despite the interoperability of the Solana blockchain, the Sollet open source wallet serves as an alternative to the popular 

. It allows you to connect the tokens you hold to the exchange platform of your choice, while retaining control of the digital assets. 

Serum brings a unique perspective to the world of DeFi. By combining the benefits of DeFi services and over-chain order books, Serum has designed a DEX that provides users with fast, inexpensive and efficient transactions. While it still lacks some of the features of centralized exchanges, Serum offers a much better user experience than traditional DeFi AMMs. The main differences between the SRM project/Project Serum and others are as follows:

However, not all crypto enthusiasts believe that Serum coin will survive in the long term. The model in which users provide collateral tends to be a poor experience for platform users. As a cross-chain swapping protocol, Serum can easily be forked and launched on the Ethereum blockchain, rendering Serum obsolete. 

As you can see in the SRM/USDT price chart below, this crypto has grown by over 930% since the beginning of 2021. 

By focusing on interoperability and allowing anyone to create their own decentralized exchange, Serum creates an ecosystem fully adapted to decentralized finance. With Solana as its base, Serum impresses with its low transaction costs and almost instantaneous fund transfers. Buoyed by strong support, the Serum project looks promising even as it faces strong competition.

Explained: What Is a Serum Coin (SRM)?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards