Serum DEX Decentralized Exchange User Guide: Feature Overview, Trading Tutorial, and Platform Comparison

In the current cryptocurrency trend, the Serum DEX decentralized exchange user guide has become an unstoppable trend. This guide provides an in-depth analysis of the Serum trading platform features and every detail of how to trade on Serum, offering unique insights into compare Serum with other exchanges. Additionally, we will explore Serum SRM token valuation analysis and the development prospects of the Serum ecosystem applications to help you gain a comprehensive understanding of this innovative platform. Ready to explore the potential of Serum in depth? Keep reading to seize the opportunities in this world.

Why choose Serum? The trading revolution on the Solana chain

Serum DEX is the first decentralized exchange on the Solana blockchain, launched in July 2020, bringing a new trading experience to cryptocurrency traders. Unlike traditional centralized exchanges, the Serum DEX user guide demonstrates how the platform achieves peer-to-peer trading through smart contracts, giving users complete control over assets. The high-speed features of the Solana chain enable Serum to offer near-zero trading latency and extremely low fees. Compared to DEXs on the Ethereum mainnet, the platform features highlight its cost-effectiveness advantages. Trading results are transparent on-chain, ensuring that transaction records are immutable and always accessible. This non-custodial mode allows users to retain control of private keys, significantly reducing the risk of assets being misappropriated by centralized institutions.

Comprehensive analysis of Serum DEX core features: How central limit order books change trading experience

Serum adopts a Central Limit Order Book (CLOB) mechanism, which is its core innovation distinguishing it from mainstream Automated Market Maker (AMM) platforms. Unlike liquidity pool-dependent AMM models, trading on Serum involves direct order matching, allowing traders to precisely control buy and sell prices. Users can set limit orders, market orders, and other order types, enjoying the trading experience of traditional exchanges while retaining decentralized advantages. The platform supports multiple trading pairs, with liquidity derived from real order book depth rather than passive liquidity pools. Trading fees are dynamically adjusted based on order book depth and trading volume, with highly competitive average rates. Serum also supports margin trading and lending functions to meet the advanced needs of professional traders. This mechanism eliminates common slippage issues in AMMs, especially advantageous for large trades.

Beginner’s must-read: Detailed steps for trading on Serum and wallet connection guide

Before starting to trade on the Serum DEX platform, users need to prepare a Solana-compatible wallet, such as Phantom, Sollet, or other SPL token-compatible wallets. First, deposit SOL as the basic trading fee fund, then connect the wallet to the official Serum interface. For basic trading, select the target trading pair, enter the amount, and confirm the order to execute. The key to trading on Serum lies in understanding the choice of order types: limit orders are suitable for traders with clear price expectations, while market orders are for quick execution. Beginners should start with small test orders to familiarize themselves with the interface logic and avoid operational errors that could lead to fund loss. The platform provides ample liquidity support for common trading pairs, but less popular tokens may face liquidity scarcity. After transaction confirmation, assets are directly transferred into the user’s self-custody wallet, making the entire process transparent and controllable.

Serum vs Uniswap, Raydium: Who is the leader among the three major mainstream DEXs

The following table shows the core differences among the three major decentralized exchanges:

When comparing Serum DEX with other exchanges, the order book mechanism offers more precise price control, but its liquidity depth is not as vast as the Ethereum ecosystem. As the largest DEX globally, Uniswap has over $5 billion in total value locked (TVL) and supports the broadest token ecosystem. Raydium, competing within the Solana ecosystem alongside Serum, adopts an AMM model providing a simple trading experience. The choice of platform depends on trader needs: for low fees and fast trading, Solana-based DEXs are preferable; for extensive token support, Uniswap is more suitable.

SRM token valuation analysis: Governance rights, trading fee discounts, and ecosystem incentives

SRM (Serum Token) is the native governance token of the Serum ecosystem. As of December 2025, its circulating supply is approximately 263 million tokens, with a current price of about $0.01. The SRM token valuation analysis shows its multi-purpose design: holders can participate in platform governance voting to decide protocol improvements; staking SRM tokens grants trading fee discounts, reducing trading costs; additional rewards can be earned through liquidity mining and ecosystem incentive plans. The development prospects of the Serum ecosystem include the Serum USD stablecoin project, aimed at providing new assets backed by multiple stablecoins to avoid systemic risks associated with single stablecoins. Token holders benefit from fee distributions, encouraging long-term community participation. However, considering the historical association with the bankrupt FTX, investors should cautiously assess the project’s governance transparency and ongoing development progress. The token price has fallen 36.37% over the past 60 days, reflecting market caution regarding project prospects. When evaluating SRM’s investment value, attention should also be paid to platform trading volume, ecosystem applications, and community activity.

This article provides an in-depth exploration of the advantages and user guide of the Serum decentralized exchange, analyzes its competitiveness with mainstream platforms like Uniswap and Raydium. Readers will understand how Serum offers high-speed, low-cost trading experiences on the Solana chain, analyze the accuracy and liquidity features of its central limit order book mechanism, and receive detailed trading tutorials and wallet connection steps. Through feature comparisons and SRM token analysis, this article meets the needs of both professional traders and beginners, assisting in selecting the most suitable trading platform. Keywords include Serum, Solana, decentralized exchange, order book mechanism. #SRM#