orderbook of the serum, such as Raydium and orca, does the role of the serum disappear?
More AMMs just fragments liquidity into seperate pools. AMMs are very capital inefficient. They lock up a lot of unused capital that could be used elsewhere.
Wasn't the serum providing a tool for making amms? If I don't know well, do you only provide orderbooks to amms?
Serum provides order book trading infrastructure for Solana
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