Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: Oxumare on January 09, 2022, 07:03:20 PM
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Serum, the decentralized finance giant of Solana, invested $75 million in the Incentive Ecosystem Foundation.
About 18 investors took part in the funding round. Among these investors are important traditional finance companies such as Commonwealth Asset Management, Tagus, Tiger Global and Golden Tree Asset Management.
I think it is a very good development. https://www.coindesk.com/business/2022/01/07/solana-defi-major-serums-incentive-ecosystem-foundation-is-raising-100m/
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Indeed, this is the best experience for me too to be in the ecosystem of the Solana coin in cryptocurrency space.
Serum also has good power in DEX because the more DEX is used, the better for the ecosystem in each ecosystem of Solana coins.
I also believe that Serum in the future will be a good DEX and much loved by everyone and I also see that Serum and Raydium always compete in the good DEX Solana.
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75 million USD is huge and it's really great for the development of the serum DEX of the Solana coin and the value will also feel very capable of holding down the price of the Serum coin itself because of the large marketcap.
It's only natural now that Serum is widely used by the Solana community for coin exchange which is very simple and easy to understand, thus making the value of Serum itself quite expensive today in various cryptocrurrency markets.
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Yes, the Solana Ecosystem is advancing rapidly and some new projects will be sought by many traditional companies to benefit during the unfinished covid19 situation, the funds will become profits for traditional companies, when the price of a coin goes up, investors' money will follow. growing, Serum is the best Dex right now and I'm happy to see a lot of new tokens there because the trading volume there is also good
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Serum has full power with various advantages that exist as well as DEX in general which is very dominant to move assets simply and easily and has a UI that is friendly to the eye.
The money factor also greatly affects the strength of the Serum and it has been proven that the Serum at the beginning of the project was supported by various large companies and of course also had large funds to easily develop various options on the Serum platform.
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Serum is a well-known Decentralized Exchange (DEX) platform from Solana coin and of course in every cryptocurrency space it is necessary for Decentralized Exchange (DEX) once to reverse coin A with coin B or trade in a peer to peer instance with a wallet.
Serum is also in this position, it's really very good for us to continue to monitor where this project is going because I see the Total Value Locked (TVL) of Serum is also very large and it is certain that this fund is really a valuable asset for the future of Serum and Solana coins.