0x Protocol (ZRX) is an open-source decentralized exchange (DEX) infrastructure that facilitates the exchange of tokenized assets across multiple blockchains.
Allows developers to integrate trading functionalities into their applications and market makers to establish markets for cryptocurrencies and tokens.
Main features:
Interoperability between blockchains: 0x Protocol enables the exchange of tokenized assets across various blockchains, facilitating interoperability in the cryptocurrency ecosystem.
Infrastructure for DEX: Provides a robust infrastructure for the development of decentralized exchanges, allowing developers to create customized trading platforms.
ZRX Token: The native token of 0x, ZRX, is used to pay transaction fees and participate in the governance of the protocol.
Utilities:
Transaction fee payment: Users use ZRX to pay the fees associated with transactions on the 0x network.
Protocol governance: ZRX holders can participate in decision-making regarding protocol updates and improvements.
Technical document:
0x Protocol has published a whitepaper on its official website detailing its architecture, incentive mechanisms, and governance strategies.
Annual price evolution of 0x Protocol (ZRX):
This is a list with the approximate price of ZRX at the end of each year since its launch:
2017: $0.20
2018: $0.80
2019: $0.30
2020: $0.50
2021: $1.50
2022: $0.60
2023: $0.80
2024: $0.62 (as of December 15)
* 0x Protocol offers a robust solution for the decentralized exchange of tokenized assets, facilitating interoperability between different blockchains and providing a solid infrastructure for DEX development *
