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0x Price (ZRX)

₹ 64.6720390000 5.74 %

Low : ₹ 56.7000 High : ₹ 63.0400

Market Cap

₹52.19 B

4.9070 %

All Time High : ₹179.7900

All Time Low : ₹9.1100

Volume

₹6.04 B

Circulating Supply 847496000
Max Supply 1000000000

0x (ZRX) Price Live Chart

0x Protocol (ZRX)

0x serves as an infrastructure protocol enabling users to trade ERC20 tokens and diverse assets across various blockchains, including Ethereum, without relying on centralized entities. It operates as a decentralized exchange protocol.


What Is 0x Protocol (ZRX)?

By utilizing a set of open-source, publicly auditable smart contracts, 0x creates a versatile, low-barrier trading system that developers seamlessly integrate into their products.

This protocol finds applications in web3 applications like wallets, DEXes, portfolio trackers, and more. It boasts a vast user base, with hundreds of developers incorporating it into their projects, resulting in over $200 billion in trading volume. Tracking its usage is possible through its dedicated portal: https://explorer.0x.org/.

Driving this protocol is the ZRX ERC20 governance token. ZRX holders wield governance rights, directly influencing protocol adjustments and the community treasury.


Founders

0x started in 2016 thanks to the efforts of Will Warren and Amir Bandeali, who are still at the helm—Will Warren as the CEO and Amir Bandeali as the CTO.

The platform kicked off after a successful initial coin offering (ICO) in 2017, pulling in a total of $24 million. Big-league investment firms like Polychain Capital, Pantera Capital, and FBG Capital lent their support during this fundraising.

Before the blockbuster ICO, Warren dabbled in various research roles and briefly advised Basic Attention Token (BAT). Meanwhile, Bandeali earned a BSc in Finance from the University of Illinois and held multiple trading positions before co-founding 0x.

Presently, the team boasts over 30 members, a mix of engineers, researchers, and designers, all dedicated to enhancing and maintaining the platform's seamless operation.


UseCases / Uniqueness

Unlike numerous other Ethereum decentralized exchange systems, 0x is unique in its support for both fungible (ERC20) and non-fungible (ERC-723) tokens. This versatility allows for the unrestricted trading of a wide array of assets, enabling holders to buy, sell, and exchange the majority of Ethereum assets across various apps.

The applicability of the 0x protocol spans diverse scenarios, ranging from eBay-style marketplaces for digital goods and services to OTC trading desks, exchange functionality for DeFi protocols, and traditional decentralized exchanges.

Beyond facilitating flexible exchange products, 0x can be integrated into platforms where asset exchange serves as a secondary function, such as in-game purchases and portfolio management platforms.

Within the 0x protocol, those accessing liquidity pay a fee using ZRX tokens, incentivizing market maker (relayer) liquidity. Additionally, users must cover a protocol fee in Ether (ETH) to handle transaction gas fees. As an open-source protocol, 0x does not claim a share of these fees; instead, it relies on unlocked ZRX tokens allocated for team and developer incentives, along with the initial ICO funding.


What Measures Ensure the Security of the 0x Network?

0x operates on the Ethereum blockchain, benefiting from the robust security of Ethereum's extensive miner and node network, which shields it against potential attacks.

The latest iteration, version 3 of the protocol, underwent thorough audits by multiple third-party firms, including ConsenSys Diligence. These audits were meticulously scrutinized for vulnerabilities, backdoors, and redundant functions, reassuringly finding no significant concerns.

Despite this, a vulnerability was identified in the v2.0 smart contract, promptly addressed by the 0x core team following its discovery by an independent researcher. Thankfully, this vulnerability remained unexploited. To maintain security, 0x actively runs a rewarding bug bounty program aimed at detecting and resolving any potential issues before they become exploitable.


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0x news

12 hours 28 minutes 3 seconds ago

Why 0x Protocol Price is Falling: Investors Cashing Out or Losing Faith?

0x is a protocol for trading Ethereum assets without middlemen. It supports both fungible and non-fungible tokens.

Read More