0x

0x is a key building block in the DeFi ecosystem, providing a standard protocol for decentralised token exchange on the Ethereum blockchain. By using smart contracts, 0x eliminates the need for centralised intermediaries, allowing users to trade ERC-20 and other Ethereum-based tokens directly with each other. It enables liquidity providers to operate relayers, which facilitate order matching and transaction relay, improving efficiency and reducing fees. The protocol supports off-chain order books combined with on-chain settlement, offering scalability and lower gas costs. ZRX is the native governance token of the protocol, allowing holders to participate in decision-making. 0x plays a vital role in fostering a trustless and transparent crypto trading environment.