0x (ZRX) price rallies 35% ahead of v4 mainnet update

0x (ZRX) price rallies 35% ahead of v4 mainnet update


An upcoming mainnet upgrade and increasing DEX market share back 0x’s (ZRX) recent double-digit rally.

Decentralized exchanges (DEX) are a giant leap in permissionless and transparent trading, and they exist as fantastic alternatives to centralized exchanges. 

While DEXs ease the process of listing new ERC-20 tokens and remove the need to pay a central authority high listing fees, they stil have the issue of high gas fees. This is precisely the issue 0x Protocol (ZRX) aims to solve.

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The 0x Protocol (ZRX) ICO raised $24 million in August 2017 for 50% of its supply, with no pre-sale. As an ERC-20 token, the permissionless Protocol connects liquidity providers through smart contracts, therefore aggregating liquidity.

The protocol allows interoperability between different decentralized applications and DEXs. Thus, ZRX should not be seen as a Uniswap competitor, as it benefits from the sectors’ increased liquidity.

0x Protocol (ZRX) token price in USD. Source: TradingView

Although the ZRX token has been quite volatile over the past

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