Project Serum Integrates Aleph.im decentralized indexing solution, opening a new pathway for market analytics on Solana
TL;DR
- Project Serum data indexed on Aleph.im’s decentralized indexing solution
- 15+ DEX’s using Serum are now being indexed
- Users will get access to historical DeFi trading data
- Shining new light on the wider Solana DeFi ecosystem
Project Serum is the latest platform to make use of Aleph.im’s decentralized indexing solution that runs on the recently released microVMs (micro Virtual Machines). The microVM computing infrastructure makes it possible to create Serum.Markets to help make valuable trading data easily accessible in its user interface.
User-friendly data availability
It is important to know that Project Serum is a beast of its own compared to all the DeFi programs Aleph.im has helped to index so far, as Serum has a fully on-chain central limit order book and matching engine that provides liquidity and price-time priority matching to traders and composing projects. By Indexing a DEX like Project Serum, you have to deal with owner addresses that have multiple open order accounts for various markets that on their turn can each have a multitude of open orders and historical trades. Multiply this by 15+ DEX’s using Serum, times their thousands of active users per day, and you have millions of entries to deal with per day.
Aleph.im solved this issue by indexing and creating GraphQL endpoints for data to become easier to showcase in a user interface, creating a more user-friendly way for the end-user to analyse and make informed decisions based on the available data.
“We’re excited to collaborate closely with Aleph.im on their analytics and indexing solutions for Serum. It’s hard to overstate how important this kind of tooling is for ecosystem growth,” said JHL, Project Serum developer.
What data will be available on Serum Markets
Until now, trading data has been scarce from Project Serum’s ecosystem. Aleph.im’s indexing solution will allow users to access historical DeFi trading data including:
Global Total Value Locket (TVL)
Daily number of active users
Per market TVL
Trading history (OHLCV — Open, High, Low, Close, Volume) for a market
Specific statistics on the makers and takers per market
PNL (Profits and Losses) graph for every Open Order Account
Fees/Rebates for every Open Order Account
All Open Orders / Historical Trades for all markets from an Owner Address — All Open Orders / Historical Trades for a particular Open Order Account
Transfer detail — Deposits/Withdrawals
In addition, users can explore even further through Serum Markets Search Functions for Owners and Market Addresses
Filter Markets by Tokens and get In-Depth Price Change Percentages (1h%, 24h%, 7d%)
And all this data is aggregated across 15+ DeFi programs on Solana for which Serum provides liquidity infrastructure protocol
Indexing Solution
Aleph.im offers a solution for projects that currently have to rely on centralized indexing solutions or no indexing at all due to the complexity of indexing on Solana, which requires high costs for physical hardware, unfeasibly fast internet connections, and computing power. Many DeFi protocols on Solana have already benefited from Aleph.im’s decentralized indexing solutions including Raydium, Saber, and Orca.
“We’re very excited to integrate our indexing solutions with Serum, one of the most powerful crypto-exchanges, to offer users, traders and institutional investors increased visibility into the Solana DeFi ecosystem”, stated Jonathan Schemoul, founder of Aleph.im.
Aleph.im’s open API and GraphQL can also be used by anyone to populate the latest trades on Serum into their DApps or research projects. For end-users, Serum Market will provide valuable information, allowing them to make better-informed decisions when trading.
To explore the latest Serum analytics, visit: https://serum.markets/#/
Want to work with us?
In an effort to help projects accelerate toward full decentralization, Aleph.im is offering for a limited time development and implementation of GraphQL endpoints (aka subgraphs) for free to all projects in the Solana ecosystem.
Projects looking to work with Aleph.im indexing can get in touch with our team here.
About Aleph.im
Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage, and indexing solutions to replace traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer-to-peer network and programming language-agnostic interface. For more information visit aleph.im and follow us on Twitter: @aleph_im
About Serum
Serum is a liquidity infrastructure protocol for DeFi programs built on the Solana blockchain. It offers an on-chain central limit order book (CLOB) that gives developers access to matching services and shared liquidity across all protocols built on Serum. Ecosystem partners can compose with Serum’s on-chain central limit order book to share liquidity and power markets-based features for institutional and retail users. For more information visit https://www.projectserum.com/
