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Information about 0x (ZRX)
0x is a platform that allows users to easily trade ERC20 tokens and other assets on Ethereum without depending on centralized intermediary platforms like traditional cryptocurrency exchanges. 0x is a smart contract system that connects liquidity providers and market makers to provide exchange functionality in a wide range of applications.
Compared to traditional cryptocurrency exchanges, 0x has many outstanding features, making the system more efficient and economical and at the same time satisfying the tastes of users. Here are some salient features of 0x:
ZRX is the cryptocurrency of the 0x ecosystem and is used for the following purposes:
News
0x Labs raises $70 million in Series B
0x Labs announced that it has raised $70 million in a Series B round led by Greylock with participation from Pantera, Sound Ventures, A.Capital, Jump Crypto, OpenSea, Coinbase,…
The injection of funding will fuel the expansion of the 0x Labs team and its product and service offerings, including Matcha, the search engine for tokens; 0x API, supplying multi-chain aggregated liquidity as a service; and 0x Protocol, the open-source, global backbone for decentralized exchange.
0x token soars 40% following Coinbase NFT partnership
Per the company’s blog post, Coinbase has selected the 0x protocol to power its newly launched social NFT marketplace thanks to the protocol’s ability to offer lower transaction costs as compared to other competing chains.
Following the announcement, ZRX, the cryptocurrency of the 0x ecosystem, reacted positively, witnessing a growth of 40% after 24h.
November and December Update
– 0x API expands to Celo and Optimism.
– 0x & Celo allocate $4.5M to the 0x DAO.
– 0x Limit Orders go multi-chain.
New Highlights (Sep, Nov)
1. 0x partners with Jump Crypto
2. 0x API launches on Avalanche and Fantom
3. 0x DAO awards $1M grant to Trader
4. 0x joins the Pyth network
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