0x Protocol, or ZRX, is a cryptocurrency token that enables decentralized exchange of Ethereum assets. It's essentially a platform that allows users to easily trade ERC20 tokens and other assets on various blockchains without relying on centralized intermediaries ¹.$ZRX
*Key Features:*
- _Fast Transaction Time_: Average transaction finality time is less than a second
- _Decentralized Governance_: Validators can participate in the network and earn rewards
- _Smart Contracts_: Supports decentralized applications (dApps) and decentralized finance (DeFi) protocols
*Token Information:*
- Symbol: ZRX
- Total Supply: 1 billion ZRX
- Circulating Supply: 848,396,563 ZRX
- Market Capitalization: $272,921,030 ¹
ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury. The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackers, and others ¹.
*Use Cases:*
- Decentralized exchange of Ethereum assets
- Trading of fungible (ERC20) and non-fungible (ERC-723) tokens
- In-game purchases and portfolio management platforms
- OTC trading desks and exchange functionality for DeFi protocols
0x Protocol has gained popularity among developers due to its advanced tooling and configurability, making it easy to launch decentralized applications ². Would you like to know more about 0x Protocol or its potential use cases?