Aleph.im, a decentralized indexing provider and cross-blockchain computing network, has launched Serum Markets to better analyze huge data volumes and funds from the various end-users of the ecosystem, Invezz learned from a press release. Serum is a top DeFi protocol on Solana (SOL/USD), which will also provide increased visibility for investors.
Enriching Solana’s analytics
The launch puts Aleph on par with the largest Solana DeFi ecosystem players. In the future, projects can connect to Project Serum’s data using aleph.im’s technology, thereby enriching the Solana DeFi analytics landscape.
Serum TVL is at $1.69B
Serum features a fully on-chain central limit order book that provides liquidity to traders. Its TVL currently stands at $1.69 billion. The new indexing solution will allow users to access trading history, historical DeFi trading data, and statistics on the makers and takers for extra insight and added visibility.
JHL, Project Serum contributing developer, said:
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.
Jonathan Schemoul, founder of aleph.im, said:
We’re thrilled to extend our indexing solutions and analytics dashboards to Serum, the liquidity infrastructure protocol for dozens of DeFi programs built on the Solana blockchain, to offer users, traders and institutional investors increased visibility into the Solana DeFi ecosystem.
A viable alternative to centralized indexing
Aleph.im is a great alternative for projects that currently depend on centralized indexing solutions or do not use indexing at all because of how complicated it is on Solana. It requires an extremely fast internet connection, incurs high costs for physical hardware, and demands great computing power.
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