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.

Trending: Here’s Why It’s Not Over….and Why It Always Had To Be The Military

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

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend