# Project Serum

> Project Serum built open-source decentralized exchange infrastructure on Solana, allowing trading interfaces and DeFi applications to share an on-chain central limit order book. Launched in 2020 with backing from FTX, Alameda Research and the Solana Foundation, its original mainnet program became defunct after FTX’s November 2022 collapse. Community developers forked the code into OpenBook.

- **Founded:** 2020
- **Headquarters:** New York, United States
- **Founders:** Sam Bankman-Fried (Founding sponsor through FTX and Alameda Research; publicly associated founder)
- **Products:** Serum DEX, Serum DEX UI, Serum TypeScript libraries, Serum Swap and Swap UI, Serum DevTools
- **Notable:** Launched its Solana DEX in August 2020., Enabled different trading applications to share liquidity through one on-chain order book., Reported more than 70 ecosystem projects in Q1 2022.

## Products & services

- **Serum DEX** — Historical Solana central limit order book and matching engine; original mainnet program became defunct in November 2022.
- **Serum DEX UI** — Open-source example trading interface that developers could customize and host.
- **Serum TypeScript libraries** — Client libraries for developers interacting with Serum markets.
- **Serum Swap and Swap UI** — Order-book swap program and embeddable React component.
- **Serum DevTools** — Tools for creating markets, running market makers and operating cranks.
- **SRM** — Historical ecosystem utility and governance token with fee-discount and buy-and-burn mechanisms; distinct from the OpenBook fork.
- **Serum Accelerator** — Ten-week ecosystem startup program; first cohort comprised 13 protocols.

## Achievements

- Launched its Solana DEX in August 2020.
- Enabled different trading applications to share liquidity through one on-chain order book.
- Reported more than 70 ecosystem projects in Q1 2022.
- Open-source code provided the basis for the community-led OpenBook fork in November 2022.

## Latest updates

- **2022-11** — Project Serum’s public account described its mainnet program as defunct after the FTX and Alameda collapse; protocols moved away because FTX held upgrade authority.
- **2022-12** — The Solana Foundation documented the community migration to OpenBook, a separate fork of Serum v3.

## Links

- Website: https://projectserum.com/
- LinkedIn: https://www.linkedin.com/company/project-serum
- Twitter/X: https://twitter.com/ProjectSerum
- GitHub: https://github.com/project-serum
- YouTube: https://www.youtube.com/channel/UCQ-jrhf6mt2PWa8cqF1-6Mw
- Facebook: https://facebook.com/people/Project-Serum/100068736153832/

---

Profile page: https://yespress.io/project-serum
Published by YesPress — https://yespress.io
Last updated: 2026-10-27