FTX Bets on Solana, Not Ethereum, for Its New Decentralized Exchange | Crypto Briefing

Key Takeaways

  • FTX is building a DEX, Serum, on the Solana blockchain with the help of partners like Kyber Network and Multicoin Capital.
  • Serum is cross-chain comptaible, giving it access to liquidity on DeFi dApps on Ethereum.
  • The DEX will run on a central limit orderbook, but will still operate in a trustless manner.
  • Solana’s high throughput is it’s core differentiator and will have to compete with layer two solutions on Ethereum.

Leave a Reply

Your email address will not be published. Required fields are marked *