The 0x Protocol (ZRX), an Ethereum-based decentralized exchange (DEX) token, has surged 29.05% within 24 hours, reaching $0.3585**. With a total trading volume of **$30 million and a market cap of $302 million, ZRX now ranks 80th among cryptocurrencies.
Key Metrics
- 24-hour High/Low: $0.3595 / $0.2749
- Circulating Supply: 847,496,055 ZRX
- Weekly Growth: +33.51%
- Year-to-Date Performance: +95.22%
What Is 0x Protocol?
0x is an open-source protocol facilitating peer-to-peer ERC20 token trading on Ethereum. It serves as a foundational standard for DApps with exchange functionalities, promoting interoperability across decentralized platforms.
Historical Performance Highlights
| Period | Growth Rate |
|--------------|------------|
| 1 Week | +33.51% |
| 1 Month | +22.35% |
| 3 Months | +85.37% |
| 6 Months | +8.49% |
| YTD 2024 | +95.22% |
Why Is ZRX Rising?
- Ethereum Ecosystem Growth: Increased adoption of ERC20 tokens fuels demand for 0x’s trading infrastructure.
- DEX Popularity: Decentralized exchanges gain traction amid regulatory scrutiny on centralized platforms.
- Strategic Partnerships: Collaborations with major DeFi projects enhance utility.
👉 Explore decentralized trading opportunities
FAQs
Q1: How does 0x differ from Uniswap?
A: While both enable token swaps, 0x uses off-chain order books for efficiency, whereas Uniswap relies on automated market makers (AMMs).
Q2: Is ZRX a good investment in 2024?
A: ZRX’s value hinges on Ethereum’s expansion and DEX adoption. Diversify investments and monitor market trends.
Q3: Where can I store ZRX tokens?
A: Use Ethereum-compatible wallets like MetaMask or Trust Wallet.
👉 Secure your crypto assets today
Market Outlook
Analysts attribute ZRX’s rally to broader crypto recovery and Ethereum’s upcoming network upgrades. However, volatility remains a risk—stay updated with reliable sources.