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Summer of S◎L: Serum is live, 2.5 billion transactions on mainnet, and more π
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Summer of S◎L: Serum is live, 2.5 billion transactions on mainnet, and more π
August was an exciting month for the Solana community. Serum launched, SOL options increased, passwordless authentication will soon be on Solana dApps π Serum Is Now Live! Trade Now on the World's First On-chain CLOB DEX ⭐️ Stardust Migrates its 70k MAU Gaming Platform to Solana ⛓ Coinbase Custody Partners with Solana, Now Supports Staking π 30M Blocks & 2.5B Transactions on Mainnet Beta ⚖️ Wallet Overview - Increased Options for SOL Holders π© Magic Integration - Passwordless Authentication for dApps πΌ Results from the Meme competition, with Over 1400 Submissions | | The First Decentralized Exchange with a Central Limit Order Book | | On August 30th, Project Serum officially launched on Solana. The highly anticipated decentralized derivatives exchange is first of its kind, boasting an on-chain central limit order book and trustless cross-chain trading. With sub-second trade confirmations and fees as low as $0.00001 per trade, Serum doesn't just outperform other DEXs: it's more efficient than most centralized exchanges. The initial listings included $BTC, $ETH, $XRP, $FTT, $SRM, $LINK, $MSRM, $YFI and wrapped $SOL against $USDT and $USDC. Upon Serum going live, Solana was seeing around 10,000 requests per second over the mainnet-beta RPC nodes. The Solana network is the only blockchain that can currently handle this type of throughput. Serum changes the game for DeFi and proves that cheap and ultra-fast transactions are possible on-chain when powered by Solana. | | The Solana Ecosystem Continues To Grow - Welcome Stardust | | Stardust helps indie game developers create novel blockchain assets and use them in their games, regardless of their blockchain knowledge. Over ten games are actively being built with Stardust, and none of them are crypto-native. These games are being built by passionate game developers that want to unlock the power of virtual assets in gaming experiences. The largest game on Stardust is averaging between 50,000 to 70,000 MAUs and has had over 750,000 players in the last 12 months. With the increase in growth over the past year Stardust started experiencing scalability issues with their existing L1 solution. They naturally started looking for alternative solutions to improve performance and decided that Solana was the only layer one protocol that fit their needs for cost and latency. The Solana Foundation is thrilled to welcome another project to the Solana ecosystem that brings the power of web-scale blockchain to everyday users. Be sure to check out the announcement from the Stardust team below! | | | |
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