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FTX to Build DEX on Solana Blockchain

SBF, the CEO of FTX hinted about this in one of his usual Twitter updates with the DEX platform dubbed Project Serum.<br>

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FTX to Build DEX on Solana Blockchain

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  1. FTX to Build DEX on Solana Blockchain SBF, the CEO of FTX hinted about this in one of his usual Twitter updates with the DEX platform dubbed Project Serum. FTX, a Crypto Derivatives Exchange platform announces it is building a DEX           platform for its users on the Solana Blockchain.                Sam Bankman-Fried, the CEO of FTX hinted about this in one of his           frequent Twitter updates with the DEX platform dubbed ​Project Serum​.                  According to the CEO, Project Serum is a decentralized ecosystem built           from the ground up to meet the world’s needs. The Serum is fast, cheap,               and powerful, and fully cross-chain compatible. Also it’s genuine, and fully           trustless. The DEX is interoperable with Ethereum.                                        Serum is built on the new Solana blockchain. Solana claims to be able to               process 10,000 times as much as Ethereum, and it’s 1,000,000 times             cheaper in fees. Unlike many side chains, Solana is a fully-fledged,           decentralized blockchain with over 100 validators. This allows Serum to         have full central order limit books, with the familiar market, limit, and IOC             orders; processing multiple times per second; all while being fully on-chain.           This is combined with a robust cross-chain protocol allowing for trustless             and efficient tokenization and swaps. This means that while living natively         on Solana, Serum is interoperable on Ethereum.                                                                                                    DEX volume on the rise DEX volume has been growing since the beginning of this year. Volume           across the various DEX platforms for July has crossed $2.5 billion looking                                      

  2. like it might double the volume recorded the previous month. However,             rising gas costs on the Ethereum blockchain impede user’s activities             across these DEX platforms.                    With FTX building DEX on Solana, it aims to capture some of the markets in               the rising DEX activities.                  Read More: ​https://cryptodose.co/ftx-to-build-dex-on-solana-blockchain/ 

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