What is 0x (ZRX)?
0x (ZRX) operates as a liquidity aggregator across various decentralized exchange (DEX) networks. This protocol enables peer-to-peer swapping of DeFi assets in a cost-effective and frictionless manner. To achieve this, developers introduced a standardized protocol that simplifies tokenization of assets on DeFi blockchains. Interestingly, "0x" references the prefix used in Ethereum wallet addresses.
Since its launch, 0x has captured significant market attention. The platform has expanded its reach since 2017 and now supports multiple networks, including Ethereum, BSC, and Polygon. Today, 0x serves as the backend DEX protocol for 30+ projects. Numerous Dapps integrate 0x's API to provide secure DEX data.
👉 Discover how 0x is revolutionizing decentralized trading
Problems Solved by 0x (ZRX)
The developers behind 0x aimed to alleviate pressures faced by Dapp developers and token users. At launch, Ethereum's token ecosystem was experiencing record growth, with new tokens launching daily. However, reliable and secure decentralized exchanges were scarce—creating 0x's niche.
Developer Limitations
0x enables anyone to create, launch, and operate a DEX. Developers leverage 0x's smart contracts to save time and resources, accelerating Ethereum adoption. This approach sparked exponential growth in DEX availability.
Benefits of 0x (ZRX)
0x offers multiple advantages:
- Open-source: Rigorously vetted by Ethereum's community for security.
- Decentralized: Operates without central authority interference.
- Best prices: Scans all DEX networks to find optimal pricing for traders.
- Low fees: Only network gas fees apply; no protocol charges.
- NFT support: Handles both fungible and non-fungible tokens (NFTs).
How Does 0x Work?
0x uses bridge contracts to access liquidity pools from multiple DEX networks. It scans top DEXs like Uniswap, Kyber, and MakerDAO's Oasis, combining relayers and DEXs for seamless trading.
0x Relayers
Relayers create DEXs using 0x's protocol, hosting off-chain order books. They earn fees but never hold assets directly.
0x Launch Kit
This toolkit simplifies DEX creation, allowing customizable fee structures and other settings.
0x OTC
A peer-to-peer exchange protocol for DeFi tokens, requiring direct counterparty contact but enhancing security.
ZRX Token
ZRX serves as 0x's governance and utility token:
- Utility: Pays for network services and fees.
- Governance: Holders vote on proposals (weighted by holdings).
- Supply: Capped at 1 billion tokens.
👉 Explore ZRX tokenomics and governance
0x (ZRX) History
Founded in 2016 by Will Warren (CEO) and Amir Bandeali (CTO), 0x launched its ICO in 2017, raising $24M in 24 hours. Key advisors include Coinbase and Pantera Capital’s Joey Krug.
Platforms Powered by 0x
- NUO: Non-custodial DeFi lending with margin trading.
- Zerion: DeFi investment interface for staking and liquidity mining.
- Fulcrum: ERC-20 tokenized lending and margin trading.
How to Buy 0x (ZRX)
ZRX is available on:
- Uphold: Top choice for U.S. residents (excludes Germany/Netherlands).
- Coinbase: Available in 100+ countries.
- Kraken: Trusted exchange operating in 190+ regions.
FAQ Section
Q: What networks support 0x?
A: Ethereum, BSC, and Polygon.
Q: How does 0x ensure low fees?
A: By combining off-chain order relay with on-chain settlement.
Q: Can I create my own DEX with 0x?
A: Yes, using the 0x Launch Kit.
Q: What’s ZRX’s maximum supply?
A: 1 billion tokens.
Q: Does 0x support NFTs?
A: Yes, both fungible and non-fungible tokens.
Q: Who governs 0x?
A: ZRX token holders via decentralized voting.
0x has played a pivotal role in DEX proliferation over four years. Its multi-network strategy ensures continued relevance as Ethereum and competing blockchains evolve. By providing accessible tools for developers, 0x enhances user experiences across DeFi ecosystems.