Decentralized Indexing Provider Aleph.im Launches Serum Market Analytics – Defi Bitcoin News – News Couple
CRYPTO NEWS

Decentralized Indexing Provider Aleph.im Launches Serum Market Analytics – Defi Bitcoin News


Crypto proponents and market watchers can now gain insight into Solana and Serum’s liquidity infrastructure ecosystem via decentralized analytics and indexing provider Aleph.im. The Blockchain Computing Project says Serum Markets’ extrapolation will “help highlight valuable trading data on Project Serum.”

Aleph.im Adds Project Serum Support

During the last quarter of the year, Solana Protocol (SOL) and its on-premises assets experienced significant growth. In the past three months, SOL has gained 542% and entered the top ten cryptocurrency markets by capitalization. Today, SOL holds the fourth largest market position with a total market valuation of $72 billion. On November 4, the decentralized indexing and blockchain computing provider, Aleph.im, announced that it is now providing analytics insights into Project Serum.

Serum is Solana’s protocol that leverages liquidity infrastructure and provides decentralized applications (dapps) with the ability to access the Solana blockchain. Serum’s website says the protocol “brings unprecedented speed and low transaction costs” to decentralized finance (a challenge). The Aleph.im team says that adding Serum Markets to Aleph.im will benefit the ecosystem, as it will help provide valuable data insights.

“The extrapolation of serum markets will greatly benefit the Project Serum ecosystem, allowing Serum to analyze the massive flow of data and funds from multiple end users and provide greater visibility for investors in one of the largest players in the Solana defi ecosystem,” details the announcement by Aleph.im. “From now on, projects will be able to connect to Project Serum data using Aleph.im technology to enrich the Solana analytics landscape.”

Increase visibility in the Solana Defi ecosystem

At press time, there is more than $250 billion total locked value (TVL) under challenge today across multiple blockchains. Solana has the third largest TVL challenge with $14.63 billion, which is a 15.9% increase over the past seven days. Today, Serum owns $5.06 billion in TVL and $6.82 billion in seven-day trading volume. Aleph.im’s new insights will provide features such as TVL, trading history (OHLCV), daily number of active users, along with “searchable data for specific market addresses, open order accounts, and owner addresses”.

“We are pleased to extend our indexing solutions and analytics dashboards to Serum, the liquidity infrastructure protocol for dozens of challenging programs built on the Solana blockchain, to provide users, merchants, and institutional investors with increased visibility into the Solana defi ecosystem,” Aleph.im founder Jonathan Schimul said in a statement. Submit to Bitcoin.com News.

Analytical data related to cryptocurrency has been a hot commodity in 2021 and many companies providing these statistics have raised millions of dollars. Companies like Skew.com, Coin Metrics, Messari, Dune Analytics, Defillama, Dappradar, Nonfungible.com and more have seen great demand. As far as insights into Serum are concerned, Aleph.im states that its Open API and GraphQL can also be used to “package the latest trades on Serum into their dapps or research projects.”

What do you think about adding Aleph.im to Serum Insights? Tell us what you think about it in the comments section below.

Tags in this story

Addresses, Aleph.im, Aleph.im analytics, Aleph.im project, Analytics, data, DeFi, Defi Data, Jonathan Schemoul, Liquidity, metrics, pairs, Project Serum, Serum, SOL, Solana, Solana Defi, trading, users

photo credits: Shutterstock, Pixabay, Wikicommons

disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button