0x Protocol ZRX
1. Summary
- Price
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$0.47 +8.2%
- Market Cap
- $399.11M (#209)
- Supply
- 848.40M / 1.00B
- Description
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0x is essentially this foundation through which exchanges can be built on top of Ethereum.
0x is essentially this foundation through which exchanges can be built on top of Ethereum.
Any exchange that is built on Ethereum has an issue, and this is the fact that every time a transaction occurs, it has to be verified by the Ethereum network. Now imagine if you wanted to make thousands of transactions in a day, this would prove to be inconvenient in the long term. 0x essentially allows transactions to take place without a need for them to actually be verified by the Ethereum main network.
This is done through the usage of a sidechain. 0x is an open protocol, which means that just about anyone can examine the code behind it, and it allows for tokens to be exchanged without the need for a third party to verify the transactions.
Aside from this, it also uses smart contracts, and this means that it can perform a number of different functions without the need for a third party or a middleman. Furthermore, ERC-20 tokens work well with 0x, which is the most common type on Ethereum, so all of the tokens that exist on Ethereum and are ERC-20 based will work.
The ZRX Token Explained
ZRX is the native token of 0x, through which players are paid for each transaction they make happen. This in turn encourages them to provide the matching service that a centralized platform would otherwise do.
Features of 0x
The orders on 0x are broadcasted off-chain. This means that they are cryptographically signed, so the security is intact, however, they are not uploaded to the blockchain. Then a system of relayers is used that match up the orders. This means that whenever someone wants to accept a trade, they sign it with their own signature, and then upload the entire transaction on the Ethereum blockchain. However, at this point in time, the trade is made and the tokens are transferred between the two parties involved in the transaction. Relayers as a result are paid in ZRX.
There are two types of users that are required in order to operate the 0x market, the first group of users is the makers, that provide liquidity to the order book, or in other words, they place orders on the exchange that do not trade immediately but wait for them to be matched. Then you have the second group, takers, which are those who take liquidity from the order books, and place orders that are instantly matched with existing orders.
Furthermore, 0x can be used to create tokens that represent ownership, and this means that organizations can potentially operate seamlessly as well as autonomously. It is scalable, due to the fact that it keeps unnecessary data off of the Ethereum blockchain, and this, in turn, allows for more trades to take place without slowing down the network. It is fully decentralized, and the code is open-source.
Founders of 0x (ZRX)
Discussing the founders of 0x, the project was founded by Will Warren alongside Amir Bandeali in 2016. The two co-founders do indeed still work on the platform, where Will Warren fills the role as the CEO, while Amir Bandeali fills the role of the CTO at the company.
Discussing their history, Will Warren has worked on several projects and was a technical advisor at Basic Attention Token (BAT), while Amir Bandeali graduated from the University of Illinois and held several trading positions before co-founding 0x.
| Price | |
| 52W High price | $1.35 |
| 52W High date | 15th Mar 2024 (9 months ago) |
| All Time High (ATH) Date | 13th Jan 2018 (6 years ago) |
| ATH Price | $2.50 |
| % From ATH | -86.88% |
| All Time Low (ATL) Date | 13th Mar 2020 (4 years ago) |
| ATL Price | $0.12 |
| % From ATL | 171.55% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $87.76M |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
| Circulating Supply | 848.40M |
ZRX
How does 0x Protocol's (ZRX) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
4.4%
ZRX
5.0%
Similar Market Cap
60 Day Return
23.6%
ZRX
28.5%
Similar Market Cap
1 Year Return
24.3%
ZRX
13.0%
Similar Market Cap
We're monitoring 124 0x Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All 0x Protocol Repos)
Commits vs. The Market
- Past 4 weeks: 8 commits vs. an average of 1
- Past 12 weeks: 53 commits vs. an average of 7
- Past year: 110 commits vs. an average of 104
Most Active Repos
| Past week | 8 |
|---|---|
| Past 12 weeks | 34 |
| Past year | 434 |
| Past week | 20 |
|---|---|
| Past 12 weeks | 110 |
| Past year | 312 |
| Past week | 5 |
|---|---|
| Past 12 weeks | 77 |
| Past year | 267 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 1 |
| Past year | 255 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 189 |
| Past week | 8 |
|---|---|
| Past 12 weeks | 27 |
| Past year | 89 |
Top Developers 2024
In total, 370 developers have contributed to 0x Protocol over the past year. Who are the most active 0x Protocol developers, by commits, over the past year?
Related Projects
Developers working on 0x Protocol also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 20,906 |
|---|---|
| Active Reddit Users (past 24h) | 30 |
| Discord users | 11,724 |
| Active Discord Users | 565 |
| Telegram Users | 1,478 |
| Twitter followers | 1,787 |
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0x.org/case-studies/burner Official
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0x.org/docs/upgrading Official
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0x.org/docs/upgrading Official
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0x.org/docs/upgrading Official
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0x.org/products/trade-analytics Official
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0x.org/products/trade-analytics Official
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0x.org/products/trade-analytics Official
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0x.org/products/trade-analytics Official
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0x.org/products/trade-analytics Official
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0x.org/post/intents-in-defi Official
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0x.org/post/intents-in-defi Official
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0x.org/post/intents-in-defi Official
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0x.org/post/intents-in-defi Official
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0x.org/post/intents-in-defi Official
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0x.org/post/intents-in-defi Official
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0x.org/post/intents-in-defi Official
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0x.org/post/decentralized-social-socialfi-explained Official
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0x.org/post/decentralized-social-socialfi-explained Official
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0x.org/post/decentralized-social-socialfi-explained Official
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0x.org/post/decentralized-social-socialfi-explained Official
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0x.org/post/decentralized-social-socialfi-explained Official
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0x.org/post/decentralized-social-socialfi-explained Official
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0x.org/post/decentralized-social-socialfi-explained Official
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0x.org/post/decentralized-social-socialfi-explained Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://0x.org/ |
|---|---|
| Explorer | https://0xtracker.com/ |
| @0xproject | |
| /r/0xProject | |
| Forum | https://mirror.xyz/zeroexprotocol.eth |
| Whitepaper | https://0xproject.com/pdfs/0x_white_paper.pdf |
What is the correct contract address for 0x Protocol?
| Energi | 0x591c19dc0821704bedaa5bbc6a66fee277d9437e |
|---|---|
| Ethereum | 0xe41d2489571d322189246dafa5ebde1f4699f498 |
| Avalanche | 0x596fa47043f99a4e0f122243b841e55375cde0d2 |
| Harmony-shard-0 | 0x8143e2a1085939caa9cef6665c2ff32f7bc08435 |
Has 0x Protocol been audited for security?
No security audits found for this project.
Are you the owner of 0x Protocol? Edit it here
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