REM as providing a period of relatively selective rejuvenation in the synaptic efficacy of the serotonin (i.e., 5-HT) system… This hypothesis is based on the rather obvious resemblances between the spontaneous behavioral tendencies of serotonin-depleted animals and those that have been selectively deprived of REM sleep.
Panksepp argues that REM sleep’s primary function is the periodic restoration of serotonergic synaptic efficacy, grounding this in behavioral parallels between serotonin depletion and REM deprivation.
, Affective Neuroscience The Foundations of Human and Animal, 1998thesis