0x Protocol

ZRX Price

What is ZRX?

ZRX is the governance token of the 0x Protocol. ZRX holders vote on 0x Improvement Proposals (ZEIPs) and treasury actions via the community DAO.

What is 0x?

0x provides multi-chain, non-custodial swap infrastructure that enables companies like Metamask, Coinbase, Phantom and Robinhood to let their users trade crypto onchain within their apps. Its Swap API aggregates liquidity from 180+ exchanges and RFQ market makers across major EVM chains to execute at the best price, settling trades on-chain with optimal execution and extremely low price impact.

As the building block for developers that need performant trading functionality, 0x is easy to integrate into any existing product. 0x’s vision is to enable a tokenized world where all value can flow freely, and supports a wide range of ecosystems to enable it.

0x currently has three main products:

1. 0x API - Gain access to decentralized exchanges (DEX) liquidity and smart order routing in minutes.

2. 0x Gasless API - allow your users to swap without needing native tokens, using 0x’s easy-to-use relayer.

3. Matcha - A DEX aggregator that offers the best of 0x APIs in one user-friendly interface, finding you the best prices for token across any token, even brand new launches.

How does 0x work?

The 0x network revolves around the maker and taker. Maker is the party that creates a buy or sell order while taker is the party that fills the order. Currently 0x supports trading for ERC-20 fungible tokens.  

0x allows order makers to securely initiate a transaction with digital signatures and an 0x order is only considered valid after it has met all of the steps shown in the image below.

In order for a trade to occur, there needs to be someone on the other side of the trade. If the maker already has a desired counter-party, they could directly send the 0x order to them. Otherwise, the order will be sent to a relayer in hopes of finding a counter-party.  

A relayer is an entity that helps to create, find, and fill 0x orders. Anyone can build a 0x relayer and begin earning fees for every trade it facilitates

Once someone finds and fills the 0x order, the 0x protocol’s settlement logic will verify the maker’s digital signature and make sure the conditions of the trade are completely met. If everything is in order, tokens will be automatically swapped between maker and taker. Otherwise, the request will be rejected. 

Because 0x supports ERC-721 non-fungible tokens (NFT) as well, there could be a viable use case for gaming or digital artwork scenarios. Gamers can tokenize their in-game assets and trade among themselves. Artists can also digitize their artwork into a NFT and turn it into a trading product. 

Does 0x store orders on-chain?

Unlike other decentralized exchanges, 0x does not store its orders on the blockchain. Instead orders are stored off-chain and trade settlements are only taken place on-chain. By taking transactions off-chain, there will be less congestion within the network and it would demand lower gas cost to operate within the 0x ecosystem.

The only part where the transaction occurs on-chain is the actual value transfer. 

What can I do with ZRX?

Users can stake ZRX tokens with the staking pools available in the ZRX Portal and start earning ETH as rewards. If users are unsure about which staking pool to stake with, they can refer to the staking wizard for an easier process.

Where can you buy 0x Protocol?

ZRX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade 0x Protocol is Binance, where the most active trading pair ZRX/USDT has a trading volume of $243,436.62 in the last 24 hours. Other popular options include P2B and Coinbase Exchange.

What is the daily trading volume of 0x Protocol (ZRX)?

The trading volume of 0x Protocol (ZRX) is $5,787,177.56 in the last 24 hours, representing a -0.40% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for 0x Protocol (ZRX)?

0x Protocol (ZRX) reached an all-time high of $2.50 and an all-time low of $0.07310. It’s now trading -94.90% below that peak and 73.30% above its lowest price.

What is the market cap of 0x Protocol (ZRX)?

Market capitalization of 0x Protocol (ZRX) is $107,458,956 and is ranked #282 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ZRX tokens (850 Million tokens are tradable on the market today).

What is the fully diluted valuation of 0x Protocol (ZRX)?

The fully diluted valuation (FDV) of 0x Protocol (ZRX) is $126,661,235. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion ZRX tokens are in circulation today. Depending on how the emission schedule of ZRX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of 0x Protocol compare against its peers?

With a price increase of 17.20% in the last 7 days, 0x Protocol (ZRX) is outperforming the global cryptocurrency market which is up 14.80%, while underperforming when compared to similar Made in USA cryptocurrencies which are up 20.40%.

How to add 0x Protocol (ZRX) to MetaMask?

Adding 0x Protocol (ZRX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import ZRX as a token. You can copy ZRX’s contract address (0xe41d2489571d322189246dafa5ebde1f4699f498) and import it manually, or if you've installed MetaMask's chrome extension, add ZRX to MetaMask with one click on CoinGecko.

Add ZRX to MetaMask.