DEX

Recently, I came across bots doing arbitrage on Solana. Was reading about wormhole hack and how it created great opportunities for bots to make free money. Note that the wormhole hack was a long tail event. In general, arbitrage is a very competitive space and needs constant improvements in strategy. Misaka wrote a detailed analysis on bots which made money in the “Golden 30 mins” just after the hacker dumped stolen ETH into Solana AMM pools....

In this post, we are going to look into how raydium swap works using Serum CLOB (Central limit order book). Before diving into how swap works in raydium, let’s have a brief look into Solana blockchain and Serum DEX. Solana It’s a layer 1 blockchain similar to ethereum but with improvements like supporting very high TPS, parallel smart contract runtime, etc. If you are interested in finding out what makes Solana great in comparison to other layer 1 solutions out there....