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0x: everything you need to know about ZRX

Axel van den Boogaard

Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.

0x facts






Will Warren, Amir Bandeali




Proof of Stake

Launch date

August 2017

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What is 0x?

0x is a cryptocurrency protocol designed for decentralized trading, allowing users to trade tokens directly through smart contracts.

The 0x protocol focuses on interoperability between decentralized applications (dApps) to promote the adoption of DeFi, decentralized finance. The native token of the 0x protocol is ZRX, serving as both a governance token and transactional currency within the protocol. 0x is maintained and developed by 0x Labs, a team of developers dedicated to creating an open, globally accessible, and decentralized financial system.

0x is a modular and customizable protocol, enabling developers to easily build their own dApps. It is an open-source platform built on the Ethereum blockchain.

How does 0x work?

0x was designed to facilitate direct peer-to-peer transactions. The protocol allows users to exchange ERC-20 tokens without the need for a central intermediary like an exchange. 0x operates through smart contracts that handle transactions between buyers and sellers. These contracts run on the Ethereum blockchain, ensuring efficient and secure transactions. Additionally, developers can build various types of dApps utilizing 0x technology, opening the door to a wide range of decentralized applications that leverage peer-to-peer transactions.

The ZRX token

The ZRX token incentivizes the protocol through governance, transaction fees, and liquidity stimulation on 0x decentralized exchanges.

ZRX token holders influence the future of the 0x protocol through decentralized governance. They can submit proposals and vote on crucial decisions.

ZRX tokens are used to pay transaction fees on the 0x network, although this is not mandatory. They can also be staked to encourage liquidity providers to add liquidity to decentralized exchanges and markets on the 0x protocol. Staking involves locking ZRX tokens as collateral for a specified period.

The Technology Behind ZRX

The technology behind ZRX is an open-source protocol that anyone can inspect, use, and contribute to. It provides the infrastructure for decentralized exchanges and the trading of ERC-20 tokens without intermediaries, enabling peer-to-peer transactions.

The 0x protocol consists of two layers: the off-chain layer and the on-chain layer. The off-chain layer comprises Relayers, acting as intermediaries between buyers and sellers. Relayers allow users to place and execute trade orders without directly placing them on the blockchain, significantly reducing transaction costs and increasing transaction speed.

The on-chain layer consists of smart contracts executed on the Ethereum blockchain. These pieces of code ensure that transactions are handled securely and efficiently, and users' assets are safely stored. The 0x protocol uses a standard software environment, enabling other developers to build applications compatible with the platform.

The 0x ecosystem

The 0x ecosystem comprises various parties working together to create and operate decentralized exchanges on the Ethereum blockchain.

The protocol allows users to exchange ERC-20 tokens without the involvement of a central authority or intermediary. The network utilizes Relayers, acting as order books and facilitating transactions between buyers and sellers. Relayers earn from trading fees and can issue their tokens based on the 0x protocol.

Additionally, various other parties contribute to the 0x ecosystem: developers building on the protocol, users of decentralized exchanges, and investors involved in the project. The goal of the 0x ecosystem is to make the trading of digital assets more efficient and accessible to everyone, leveraging the benefits of blockchain technology and decentralization.


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Benefits of 0x

Every coin has its own advantages and disadvantages. What advantages of 0x make the platform popular among its investors?

  • A mix of on-chain and off-chain elements enhances the security of the protocol.
  • 0x can be staked.
  • Broad integration thanks to the Ethereum blockchain.
  • Modular development tools.
  • Low transaction costs.

Drawbacks of 0x

No coin is perfect, including 0x. What disadvantages of 0x should investors consider?

  • Considerable technical knowledge required for using the platform.
  • Price volatility.
  • Vulnerable to fluctuations in liquidity.

Who is the founder of 0x?

The founders of 0x are Will Warren and Amir Bandeali. Warren, a former university lecturer with a master's degree in physics, has extensive experience in technology, including algorithm development for data analysis and modeling. Bandeali is an experienced software engineer with a background in financial services, where he worked on complex trading systems and the implementation of blockchain technologies in traditional financial processes.

Together, Warren and Bandeali founded 0x to enable decentralized trading of tokenized assets and improve interoperability between decentralized protocols.

Price forecasts

In 2026 experts expect a minimal price of €1.01 and a minimal price of €3.37 in 2031.

Good time to get in?

View all key statistics of the past 24 hours here.

24h ago


24h high


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24h change

Market information

Use these figures to get a better picture of the Ethereum market.

24h volume

€12.3 million


€294.7 million

ZRX in circulation

847.5 million

All time high


0x Return On Investment

See how much the price has risen or fallen over the years.

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Historical 0x price

Here you can see 0x's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!


A video explanation of 0x

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