0x Protocol: Liquidity-as-a-Service

John Freyermuth

Jul 16, 2021 ⋅ 9 min read

One of Ethereum's first DEXs, the 0x Protocol sets itself apart from the rest. 0x combined DEX aggregation with a native liquidity network to offer asset swap functionality to decentralized app builders - $11B of volume in May alone. The 0x API makes it portable, but 0x is more than liquidity-as-a-service. The ZRX token rewards market makers for competing with DEX prices to drive low-cost protocol volume. 0x aligns incentives to deliver liquidity for the end user, at any scale, to any network.

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