Serum is the only high-performance DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can be combined with Serum's on-chain order book to share liquidity and support transaction functionality for institutional and retail users.

SRM utilities and governance tokens enable users to get discounts on protocol fees and voting rights; 100% of transaction costs flow back to SRM through purchase and destruction, mortgage incentives, and ecosystem grants.