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 IT project says the introduction of Serum Markets “will help bring up valuable business data on Project Serum.”
Aleph.im Adds Project Serum Support
During the last quarter of the year, the Solana (SOL) protocol and its native asset saw significant growth. Over the past three months, SOL has gained a whopping 542% and market cap has entered the top ten crypto markets by cap. Today, SOL holds the fourth largest market position with an overall market valuation of $72 billion. On November 4, cross-blockchain computing and decentralized indexing provider Aleph.im announced that it now offers analytical insights on Project Serum.
Serum is a Solana protocol that bolsters liquidity infrastructure and provides decentralized applications (dapps) with the ability to access Solana’s blockchain. Serum’s website says the protocol “brings unprecedented speed and low transaction costs” to decentralized finance (challenge). Adding Serum Markets to Aleph.im will benefit the ecosystem, according to the Aleph.im team, as it will help provide insight into 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.”
“Increased visibility in the Solana Defi ecosystem”
At the time of going to press, there is over $ 250 billion in total locked-in value (TVL) in challenge today in 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 trading volume. New information from Aleph.im will provide features such as TVL, transaction history (OHLCV), daily number of active users, as well as “searchable data on specific market addresses, order accounts open and owners’ 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 related to cryptocurrencies has been a hot commodity in 2021 and many companies 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.”
