0x Protocol Price

0x Protocol (ZRX) price has increased today.

The price of 0x Protocol (ZRX) is $0.208970 today with a 24-hour trading volume of $15,915,939.09. This represents a 0.80% price increase in the last 24 hours and a -7.20% price decline in the past 7 days. With a circulating supply of 850 Million ZRX, 0x Protocol is valued at a market cap of $177,001,252.

What is ZRX?

ZRX is the governance token for the 0x protocol. ZRX holders have the authority to influence the direction of the protocol by voting on proposals.

What is 0x?

0x is a protocol that aims to facilitate a frictionless peer-to-peer exchange of Ethereum-based assets. 0x is considered a non-custodial solution because funds are deposited or withdrawn from the user's wallet. It aggregates liquidity pools from different projects that are built on top of 0x for smoother peer-to-peer transactions. 

Also, it behaves as the building block for developers that are looking for exchange functionality. 0x allows easy integration for developers through its relayers which adds exchange functionality on top of an existing product. 0x’s vision is to enable a direct, non-custodial wallet-to-wallet trading of any ERC-20 tokens on any Ethereum based platforms. 

0x currently has three main products:

1. 0x API - Gain access to decentralized exchanges (DEX) liquidity through an API and swap token for the best price

2. Matcha - An aggregator of decentralized exchanges allowing users to find the best prices for token swaps

3. 0x Mesh - Gain access to a global peer-to-peer orderbook for token trades

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 $1,254,407.18 in the last 24 hours. Other popular options include Upbit and Bitstamp.

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

The trading volume of 0x Protocol (ZRX) is $15,923,609.94 in the last 24 hours, representing a -28.10% decrease from one day ago and signalling a recent fall in market activity.

What is the all-time high for 0x Protocol (ZRX)?

The highest price paid for 0x Protocol (ZRX) is $2.50, which was recorded on Jan 13, 2018 (over 5 years). Comparatively, the current price is -91.60% lower than the all-time high price.

What is the all-time low for 0x Protocol (ZRX)?

The lowest price paid for 0x Protocol (ZRX) is $0.120667, which was recorded on Mar 13, 2020 (over 3 years). Comparatively, the current price is 73.30% higher than the all-time low price.

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

Market capitalization of 0x Protocol (ZRX) is $177,001,252 and is ranked #180 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 $208,852,006. 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 decline of -7.10% in the last 7 days, 0x Protocol (ZRX) is underperforming the global cryptocurrency market which is down -0.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

What is the market sentiment of 0x Protocol today?

There are no votes on 0x Protocol (ZRX) today. Be the first to vote and share this with your community.

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.