What Is 0x (ZRX)?
0x is an open-source, non-rent-seeking protocol designed to enable trustless, low-friction transactions of Ethereum-based assets. It serves as a foundational layer for developers to build decentralized exchange (DEX) applications, while end-users interact with 0x through platforms like 0x Portals or dApps that facilitate peer-to-peer token trading.
The Ethereum Liquidity Problem
Since Ethereum’s launch, thousands of decentralized applications (dApps) have emerged, each with proprietary smart contracts for token exchanges. This fragmentation:
- Forces users to navigate unique interfaces and security risks per dApp.
- Reduces network liquidity by isolating traders within specific platforms.
- Inefficiently replicates core functionality (e.g., swapping ERC-20 tokens).
👉 Discover how 0x solves liquidity fragmentation
How 0x Works
Modular Infrastructure
0x provides modular, un-opinionated building blocks for:
- Relayers: Off-chain order books (e.g., Matcha, Radar Relay).
- Makers/Takers: Users creating or filling orders.
- Smart Contracts: On-chain settlement via audited 0x contracts.
ZRX Token Utility
The native ZRX token powers two critical functions:
Coordination & Liquidity Incentives
- Rewards early adopters with network effects.
- Aligns stakeholders around shared liquidity pools.
Decentralized Governance
- Token holders vote on protocol upgrades.
- Ensures adaptive, community-driven evolution.
Markets & Liquidity
0x aggregates liquidity across 300+ markets, including:
| Metric | Detail |
|-----------------|---------------------------------|
| Trading Pairs | 5,000+ ERC-20 tokens |
| Volume (24h) | $1.2B (via integrated DEXs) |
| Slippage | <0.1% for major pairs |
👉 Explore real-time ZRX price charts
FAQs
1. Is 0x a decentralized exchange (DEX)?
No—0x is a protocol for building DEXs. Think of it as "HTTP for token trading."
2. How does 0x reduce gas fees?
Orders are signed off-chain and settled on-chain in batches, minimizing Ethereum transactions.
3. What’s the difference between 0x and Uniswap?
Uniswap uses AMMs (automated market makers), while 0x enables order-book trading with off-chain relays.
4. Where can I trade ZRX?
ZRX is listed on Coinbase, Binance, OKX, and other major exchanges.
Keywords: 0x protocol, ZRX token, Ethereum liquidity, decentralized exchanges, ERC-20 trading, DEX aggregation, ZRX price
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