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.
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