0x Protocol is a decentralized platform that provides the infrastructure for peer-to-peer trading of tokens on the Ethereum blockchain. It was founded in 2017 and has since become a cornerstone in the decentralized finance (DeFi) ecosystem. The protocol offers various APIs and tools for developers, aiming to facilitate seamless trading and better prices.
Core Features
Swap API
The Swap API is a significant feature of 0x Protocol, which went live on the Base mainnet in August 2023. It has facilitated over $10.45 million in volume across 12.5k trades. The API aggregates liquidity from multiple decentralized exchanges, including Uniswap, Balancer, and Maverick, among others.
Tx Relay API
The Tx Relay API is another essential feature that allows for frictionless app development. It simplifies the transaction process, making it easier for developers to integrate 0x into their applications.
Developer Tools and Support
0x offers a range of developer tools, including a dashboard, Intercom support, and AI-powered documentation. These tools aim to enhance the developer experience, making it more seamless to build on 0x.
Pricing Principles
In August 2023, 0x introduced paid plans for its Swap API to deliver a more powerful experience to customers. These plans aim to sustainably invest in further improvements and offer more value. A free plan continues to be available, ensuring that developers can test new use cases without infrastructure overhead.
Community and Governance
0x Protocol is governed by a decentralized autonomous organization (DAO), which allows the community to participate in decision-making processes. The governance model ensures that the protocol remains open and decentralized, aligning with the needs and scale of its users.
Recent Updates
The latest updates in August 2023 include the launch of the Swap API on the Base mainnet and the introduction of new liquidity sources. 0x has also launched a native token swaps feature in Portal, powered by the Swap API. These updates indicate the protocol’s commitment to providing the deepest liquidity in DeFi.
