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0x (ZRX)
What is 0x?
0x (ZRX) is a decentralized exchange protocol launched in 2017 by 0x Labs. It was developed to facilitate the peer-to-peer exchange of assets on the Ethereum blockchain, aiming to create a more efficient and accessible decentralized financial system. The protocol is built on the Ethereum network and utilizes smart contracts to enable secure and transparent trading without intermediaries. The native token, ZRX, serves multiple functions within the 0x ecosystem, including governance and staking. Token holders can participate in protocol upgrades and decision-making processes, ensuring the community has a say in its development. Additionally, ZRX can be staked to earn rewards, incentivizing active participation in the network. 0x distinguishes itself through its focus on creating a seamless and interoperable decentralized exchange infrastructure. Its open-source nature and modular architecture allow developers to build custom trading solutions and integrate with various blockchain-based applications, enhancing the overall ecosystem's flexibility and utility.
When and how did 0x start?
0x originated in October 2016 when co-founders Will Warren and Amir Bandeali released its whitepaper, outlining a vision for a decentralized exchange protocol on the Ethereum blockchain. The project aimed to facilitate the peer-to-peer exchange of Ethereum-based tokens. The 0x protocol's testnet was launched shortly after, allowing developers to experiment and build on the platform. The mainnet went live in August 2017, marking its initial public availability and enabling real-world transactions. The initial distribution of the 0x token (ZRX) occurred through an Initial Coin Offering (ICO) in August 2017, which successfully raised $24 million. This ICO was instrumental in funding the early development of the protocol. These foundational steps laid the groundwork for 0x's ongoing development and its role in the decentralized finance ecosystem.
What’s coming up for 0x?
According to official updates, 0x is preparing for a series of enhancements aimed at improving the protocol's functionality and user experience. One of the key upcoming milestones is the integration of new liquidity sources, which is targeted for the next quarter. This initiative aims to enhance the liquidity available on the platform, thereby improving trade execution for users. Additionally, 0x is planning a governance vote to introduce a new set of protocol parameters, expected to take place in the first half of the year. These changes are designed to optimize the protocol's efficiency and ensure it remains competitive in the decentralized exchange space. Progress on these initiatives can be tracked through their official governance and development channels.
What makes 0x stand out?
0x stands out through its innovative approach to facilitating decentralized exchange by using a protocol that enables peer-to-peer trading of Ethereum-based tokens. Its architecture is designed to optimize for interoperability and scalability, allowing developers to build their own decentralized exchange applications on top of its protocol. A key differentiator is its use of off-chain order relay with on-chain settlement, which significantly reduces transaction costs and network congestion compared to fully on-chain alternatives. The 0x protocol also includes a robust set of developer tools and a smart contract architecture that supports customizations, enhancing user experience and flexibility. Additionally, 0x has established a strong ecosystem with notable partnerships and integrations with various decentralized finance projects, further solidifying its role in the decentralized exchange landscape. Its governance model, which involves the community in decision-making processes, ensures that the protocol evolves in alignment with user needs and industry trends.
What can you do with 0x?
The ZRX token is integral to the 0x ecosystem, primarily serving as a utility and governance token. Users can leverage ZRX for paying transaction fees within the 0x protocol, which facilitates decentralized exchanges on Ethereum and other blockchains. Holders of ZRX can participate in governance by voting on protocol upgrades and changes, ensuring the community has a say in the platform's direction. Additionally, users can stake ZRX to potentially earn rewards by contributing to the liquidity and functionality of the network. For developers, 0x offers a suite of tools and APIs to build decentralized applications (dApps) and integrate decentralized exchange functionalities into their projects. The ecosystem supports various applications, including wallets and marketplaces, that utilize ZRX for efficient trading and exchange operations. By offering these utilities, 0x aims to enhance decentralized finance (DeFi) infrastructure and foster a more interconnected blockchain ecosystem.
Is 0x still active or relevant?
0x remains active through continuous development and community engagement. As of 2023, the project has seen recent updates, including enhancements to its protocol aimed at improving decentralized exchange functionalities. 0x maintains a strong presence in the decentralized finance (DeFi) sector, with its protocol integrated into various platforms and services. The project is actively involved in governance, with regular proposals and votes occurring within its community, ensuring that development aligns with user and stakeholder interests. Additionally, 0x continues to be listed on numerous exchanges, facilitating significant trading volumes. These factors demonstrate its ongoing relevance in the DeFi ecosystem.
Who is 0x designed for?
0x is designed for developers and businesses looking to create decentralized exchanges and marketplaces. It enables them to build their platforms with ease by providing a set of open-source protocols and tools, including SDKs and APIs, that facilitate peer-to-peer trading of Ethereum-based assets. The project primarily focuses on offering a scalable and efficient infrastructure for developers to integrate decentralized exchange functionalities into their applications. Secondary participants, such as liquidity providers and market makers, play a crucial role in the 0x ecosystem by supplying liquidity to these decentralized exchanges, thereby enhancing market efficiency and user experience. Additionally, users who hold the 0x token (ZRX) can participate in governance, contributing to the decision-making processes that shape the future development and policies of the 0x protocol. Overall, 0x aims to democratize access to decentralized finance by offering robust tools and resources to both developers and participants in the crypto market.
How is 0x secured?
0x is secured using the Ethereum blockchain, which employs a Proof of Stake (PoS) consensus mechanism. Validators on Ethereum confirm transactions and maintain network integrity by proposing and attesting to blocks. The protocol utilizes cryptographic techniques such as the Elliptic Curve Digital Signature Algorithm (ECDSA) for transaction authentication and data integrity. Participant incentives are aligned through staking rewards for validators who act honestly, while penalties and slashing are implemented to deter malicious activities. Additionally, 0x benefits from Ethereum's robust security infrastructure, including regular audits, a bug bounty program, and a decentralized governance process, enhancing the overall resilience and security of the network.
Has 0x faced any controversy or risks?
0x has faced certain risks and controversies, primarily related to technical and security challenges. In July 2018, a vulnerability was discovered in the 0x protocol's smart contracts, which could have allowed unauthorized asset transfers. The team promptly addressed this issue by deploying a patch and conducting a thorough audit to ensure the security of the protocol. Additionally, 0x has been proactive in managing risks through regular security audits and a bug bounty program to identify and fix vulnerabilities. The project has also encountered governance challenges, as with many decentralized projects, where community consensus is necessary for protocol upgrades. These are typically managed through structured governance proposals and voting processes. Ongoing risks for 0x include market volatility and regulatory uncertainties, which are common in the cryptocurrency space. The 0x team mitigates these risks by maintaining transparency in their operations and continuously improving the protocol through community engagement and development practices.
0x (ZRX) FAQ – Key Metrics & Market Insights
Where can I buy 0x (ZRX)?
0x (ZRX) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the ZRX/USDT trading pair recorded a 24-hour volume of over $2 214 268.35. Other exchanges include Binance and CoinW.
What's the current daily trading volume of 0x?
As of the last 24 hours, 0x's trading volume stands at $10,729,111.91 , showing a 36.33% increase compared to the previous day. This suggests a short-term increase in trading activity.
What's 0x's price range history?
All-Time High (ATH): $2.53
All-Time Low (ATL): $0.088437
0x is currently trading ~95.56% below its ATH
.
What's 0x's current market capitalization?
0x's market cap is approximately $95 505 919.00, ranking it #286 globally by market size. This figure is calculated based on its circulating supply of 848 396 563 ZRX tokens.
How is 0x performing compared to the broader crypto market?
Over the past 7 days, 0x has gained 7.19%, outperforming the overall crypto market which posted a 3.73% gain. This indicates strong performance in ZRX's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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0x Basics
| Whitepaper | Open |
|---|
| Development status | Working product |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Started |
15 August 2017
over 8 years ago |
|---|
| Website | 0x.org |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (4) | etherscan.io explorer.harmony.one snowtrace.io solscan.io |
|---|
| Tags |
|
|---|
| Blog | blog.0xproject.com |
|---|---|
| facebook.com | |
| Faq | 0xproject.com |
| reddit.com |
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0x Team
Smart contract R&D. Previously lead distributed systems engineer at Hivemapper. Computer Science at University of Waterloo.
Greg Hysen is engaged in 1 projectsFull-stack engineer. Previously senior software engineer at Yelp. Computer Science at Duke.
Francesco Agosti is engaged in 1 projects0x Exchanges
0x Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to 0x
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 22 | Chainlink LINK | $6 125 778 156 | $9.77 | $493 513 680 | 626,849,970 | |||
| 88 | Cosmos ATOM | $716 146 459 | $1.83 | $57 187 457 | 390,934,204 | |||
| 186 | THETA THETA | $208 509 479 | $0.208509 | $22 872 004 | 1,000,000,000 | |||
| 210 | OriginTrail TRAC | $155 329 310 | $0.310662 | $1 971 988 | 499,995,033 | |||
| 218 | THORChain RUNE | $147 930 310 | $0.436633 | $6 457 425 | 338,797,570 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 56 | Internet Computer ICP | $1 457 979 927 | $2.64 | $48 363 166 | 551,862,402 | |||
| 77 | Worldcoin WLD | $990 409 567 | $0.302280 | $145 580 613 | 3,276,461,415 | |||
| 103 | PancakeSwap CAKE | $540 314 670 | $1.65 | $38 628 921 | 328,216,518 | |||
| 112 | Dash DASH | $473 073 259 | $37.36 | $95 032 202 | 12,663,990 | |||
| 115 | Stable STABLE | $462 945 157 | $0.026304 | $22 987 240 | 17,600,000,000 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 11 | Hyperliquid HYPE | $15 005 313 102 | $44.94 | $250 082 626 | 333,928,180 | |||
| 22 | Chainlink LINK | $6 125 778 156 | $9.77 | $493 513 680 | 626,849,970 | |||
| 39 | Dai DAI | $3 329 172 628 | $0.999984 | $1 060 993 487 | 3,329,226,824 | |||
| 46 | Uniswap UNI | $2 100 203 788 | $3.50 | $173 809 139 | 600,425,074 | |||
| 47 | Official World Liberty Financial WLFI | $2 029 455 832 | $0.082267 | $40 936 230 | 24,669,070,265 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 907 677 344 | $1.000073 | $22 184 996 830 | 78,901,936,393 | |||
| 14 | Wrapped Bitcoin WBTC | $10 179 931 287 | $77 603.95 | $346 366 030 | 131,178 | |||
| 16 | WETH WETH | $9 215 023 452 | $2 446.97 | $785 908 600 | 3,765,896 | |||
| 19 | Usds USDS | $7 887 783 181 | $0.999877 | $48 616 646 | 7,888,752,944 | |||
| 22 | Chainlink LINK | $6 125 778 156 | $9.77 | $493 513 680 | 626,849,970 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 907 677 344 | $1.000073 | $22 184 996 830 | 78,901,936,393 | |||
| 14 | Wrapped Bitcoin WBTC | $10 179 931 287 | $77 603.95 | $346 366 030 | 131,178 | |||
| 16 | WETH WETH | $9 215 023 452 | $2 446.97 | $785 908 600 | 3,765,896 | |||
| 22 | Chainlink LINK | $6 125 778 156 | $9.77 | $493 513 680 | 626,849,970 | |||
| 46 | Uniswap UNI | $2 100 203 788 | $3.50 | $173 809 139 | 600,425,074 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 22 | Chainlink LINK | $6 125 778 156 | $9.77 | $493 513 680 | 626,849,970 | |||
| 5144 | Circuits of Value COVAL | $245 878 | $0.000138 | $7.73 | 1,784,838,484 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 11 | Hyperliquid HYPE | $15 005 313 102 | $44.94 | $250 082 626 | 333,928,180 | |||
| 46 | Uniswap UNI | $2 100 203 788 | $3.50 | $173 809 139 | 600,425,074 | |||
| 58 | Jupiter Perpetuals Liquidity Provider Token JLP | $1 389 987 059 | $4.00 | $5 066 418 | 347,206,682 | |||
| 93 | Jupiter Exchange Token JUP | $664 325 298 | $0.187090 | $33 571 488 | 3,550,835,739 | |||
| 103 | PancakeSwap CAKE | $540 314 670 | $1.65 | $38 628 921 | 328,216,518 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 159 | Lighter LIT | $272 591 139 | $1.090365 | $20 128 625 | 250,000,000 | |||
| 237 | Centrifuge CFG | $128 347 507 | $0.222424 | $13 888 065 | 577,038,746 | |||
| 388 | Orca ORCA | $57 392 631 | $0.954044 | $9 721 883 | 60,157,219 | |||
| 437 | Vana VANA | $45 317 684 | $1.47 | $32 879 385 | 30,800,000 | |||
| 834 | DODO DODO | $12 875 838 | $0.017743 | $1 670 729 | 725,703,404 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | XRP XRP | $91 591 317 296 | $1.49 | $4 041 133 521 | 61,569,680,267 | |||
| 6 | USDC USDC | $78 907 677 344 | $1.000073 | $22 184 996 830 | 78,901,936,393 | |||
| 7 | Solana SOL | $51 724 515 841 | $89.91 | $8 972 060 186 | 575,260,394 | |||
| 10 | Dogecoin DOGE | $15 004 525 819 | $0.100602 | $2 541 725 879 | 149,147,696,384 | |||
| 13 | Cardano ADA | $10 175 722 211 | $0.263836 | $674 793 384 | 38,568,357,959 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 13 | Cardano ADA | $10 175 722 211 | $0.263836 | $674 793 384 | 38,568,357,959 | |||
| 32 | Avalanche AVAX | $4 140 477 149 | $9.81 | $495 298 762 | 422,275,285 | |||
| 34 | Sui SUI | $4 063 266 464 | $1.027793 | $467 801 571 | 3,953,388,932 | |||
| 51 | Aave AAVE | $1 751 971 577 | $116.23 | $440 578 997 | 15,073,211 | |||
| 54 | Near Protocol NEAR | $1 675 143 202 | $1.41 | $239 442 490 | 1,185,165,436 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $294 646 094 952 | $2 446.69 | $18 734 543 137 | 120,426,316 | |||
| 5 | BNB BNB | $89 489 668 123 | $642.96 | $1 310 542 297 | 139,184,442 | |||
| 7 | Solana SOL | $51 724 515 841 | $89.91 | $8 972 060 186 | 575,260,394 | |||
| 8 | TRON TRX | $28 075 882 818 | $0.325090 | $618 378 192 | 86,363,298,503 | |||
| 13 | Cardano ADA | $10 175 722 211 | $0.263836 | $674 793 384 | 38,568,357,959 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | BNB BNB | $89 489 668 123 | $642.96 | $1 310 542 297 | 139,184,442 | |||
| 28 | OKB OKB | $5 216 629 016 | $86.94 | $23 413 182 | 60,000,000 | |||
| 46 | Uniswap UNI | $2 100 203 788 | $3.50 | $173 809 139 | 600,425,074 | |||
| 60 | Bitget Token BGB | $1 336 414 415 | $1.91 | $23 893 903 | 699,992,035 | |||
| 65 | KuCoin Token KCS | $1 187 107 765 | $8.82 | $17 564 780 | 134,655,022 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 907 677 344 | $1.000073 | $22 184 996 830 | 78,901,936,393 | |||
| 9 | Lido Staked Ether STETH | $23 895 669 371 | $2 439.73 | $8 623 490 | 9,794,399 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $10 716 346 290 | $3 013.82 | $13 506 540 | 3,555,731 | |||
| 14 | Wrapped Bitcoin WBTC | $10 179 931 287 | $77 603.95 | $346 366 030 | 131,178 | |||
| 16 | WETH WETH | $9 215 023 452 | $2 446.97 | $785 908 600 | 3,765,896 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | BNB BNB | $89 489 668 123 | $642.96 | $1 310 542 297 | 139,184,442 | |||
| 100 | Nexo NEXO | $596 329 613 | $0.922903 | $7 721 138 | 646,145,840 | |||
| 141 | Gnosis GNO | $323 197 112 | $124.81 | $860 582 | 2,589,588 | |||
| 188 | SwissBorg BORG | $196 337 860 | $0.199585 | $261 914 | 983,729,858 | |||
| 308 | CoinEx Token CET | $81 304 846 | $0.030016 | $58 601.20 | 2,708,734,654 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 22 | Chainlink LINK | $6 125 778 156 | $9.77 | $493 513 680 | 626,849,970 | |||
| 141 | Gnosis GNO | $323 197 112 | $124.81 | $860 582 | 2,589,588 | |||
| 275 | Ravencoin RVN | $99 926 345 | $0.006171 | $7 234 577 | 16,193,665,892 | |||
| 334 | Numeraire NMR | $70 446 007 | $8.80 | $8 097 539 | 8,007,701 | |||
| 350 | LATOKEN LA | $65 610 272 | $0.172611 | $10 016.45 | 380,105,462 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
0x




