Serum exchange rendered 'defunct' following the collapse of Alameda and FTX

By chovy 4 months ago
Serum has notified its community that it is now defunct. The community has already forked the project. OpenBook now has over $1 million in daily volume. Serum's volume and liquidity dropped to near zero after the launch of OpenBook. Many users felt like OpenBook was the safer option after Serum was compromised in the FTX hack.