$0.0326
1H
0.93%$0.0003
24H
-1.71%$0.0006
7D
2.18%$0.0007
30D
-18.5%$0.0074
Project Serum describes itself as a functional decentralized exchange with trustless cross-chain trading, at the speed and price that customers want. Despite living natively on Solana, it will be interoperable with Ethereum.
FTX’s asset portfolio currently exceeds $7 billion and includes various assets such as cash, brokerage investments, tokens, and real estate.
The Solana Foundation has 3.24M shares of FTX Trading LTD common stock, 3.43 million FTT tokens, and 134.54M SRM tokens.
Several Solana-based DeFi protocols started unplugging from Serum as they weren’t sure who wielded absolute control over it.
Mango Markets saw $114 million worth of crypto stolen by a group of exploiters by manipulating the price of the DEX’s native token MNGO.
The continuous delay in the launch of Ethereum 2.0 threatens its dominance as market analysts question whether its development will be able to keep pace with the DeFi growth. Some new DeFi projects have already started looking for alternatives in the meanwhile.