0x: Decentralized Token Exchange Protocol

0x (ZRX) is an open-source protocol designed to facilitate decentralized token exchange on the Ethereum blockchain and compatible networks. Its main goal is to provide infrastructure for peer-to-peer crypto asset trading without the need for centralized intermediaries, making transactions safer, more transparent, and cost-efficient.

0x is widely used to build decentralized exchanges (DEX), liquidity aggregators, and DeFi applications, enabling fast and effective swaps of ERC-20 tokens and other digital assets.

0x transactions are primarily executed on the Ethereum network. To view a transaction or track an address, users can utilize popular blockchain explorers like Etherscan. Simply enter the wallet address or transaction hash to access detailed information about ZRX transfers.

0x leverages Ethereum smart contracts and supports Layer 2 solutions, such as Polygon and other EVM-compatible chains, to improve scalability and lower fees.

ZRX tokens can be stored in any wallet supporting the ERC-20 standard. For cold storage, hardware wallets such as Ledger or Trezor offer robust offline protection. To create a cold wallet, generate a private key on a device not connected to the internet and keep it securely offline.

ZRX is available on leading centralized and decentralized exchanges, including Binance, Coinbase, Kraken, Uniswap, 1inch, and other DeFi aggregators. Thanks to its ERC-20 compatibility, ZRX integrates easily with popular wallets like MetaMask, Trust Wallet, and MyEtherWallet.

Like many altcoins, ZRX's price has shown significant volatility over time. During bull markets, 0x market capitalization can rise rapidly, but compared to leaders like Bitcoin or Ethereum, ZRX remains a mid-cap project.

The price and market cap of ZRX depend on protocol adoption, DeFi sector growth, and broader crypto market trends. Users can track its performance on resources like CoinMarketCap or CoinGecko.

Initially launched on Ethereum, 0x now supports Polygon, Binance Smart Chain, and other EVM-compatible networks. This enables ZRX and other tokens (such as DAI, Tether, Wrapped Bitcoin) to be transferred with low fees and high speed.

Other cryptocurrencies within these networks include USDT (Tether), DAI, ETH, UNI, and various stablecoins and DeFi tokens.

To send ZRX, users need an ERC-20 compatible wallet and a small amount of ETH to pay for gas fees. Average gas costs on Ethereum can range from a few cents to several dollars, depending on network congestion. Layer 2 networks (like Polygon) offer much lower fees, making micropayments feasible.

ZRX transactions are confirmed in a few minutes on Ethereum mainnet, and almost instantly on Layer 2 networks.

0x stands out for its focus on decentralized exchange and liquidity. The protocol aggregates liquidity from multiple sources, delivering better trading prices to users.

Transparency, open-source code, and multi-network support make 0x a valuable tool for DeFi developers and traders. Unlike Monero (privacy-focused) or Bitcoin (store of value), ZRX solves efficient token exchange and liquidity aggregation.